You will love this shopping mall in Weiterstadt, Hessen federal land. The property consists of 8 buildings.
Year built – 1904 (was overhauled)
Land Area – 493 m2
Total Area – 5,660 m2
Revenue from the rent – €608,479.56 per year
Rate of return – 6.84%
Price – €8,900,000
All lease agreements were signed/resigned in 2016.
List of tenants:
|Tenant||Area, m2||Rent Revenue||Lease terms||When signed|
|Kitchen furniture stores chain||920||110 400.00||10 years with 2 extention options (5 years each)||10 years ago|
|Furtiture chain store (Boxspringbett)||694||91 598.76||10 years with 2 extention options (5 years each)||new|
|Mattress Store "Cocord"||452||49 900.80||5 years with 2 extention options (5 years each)||5 years ago|
|Specialized store selling sports equipment for outdoor activities and related products (37 branches in Germany)||1268||126 300.00||10 years with 2 extention options (5 years each)||5 years ago|
|A company that takes care of the elderly people||526||39 480.00||5 years with additional 5 years||new|
|The Swiss company that sales food products, turnover is about 18 million euros per year||1700||183 600.00||10 years with 2 extention options (5 years each)||10 years ago|
|Итого:||5 660||608 479.56|
The population of the city is about 25,000 people. Weiterstadt is located 7 km from Darmstadt (population is about 150,000 people) and 30 km from the center of Frankfurt am Main (population is about 730,000 people).
If you are interested in other properties, you can leave a request on our web site. Our representative will contact you shortly to assist you and answer the questions you might have.
Do not miss a unique opportunity to have a shopping mall in Germany!
- Type of Property: Shopping center
- Property Type: Secondary market
- Status: Good
- Location: Weiterstadt, Hesse, Germany
- Total Area: 5660 m²
- Sale Price: €8,900,000