ID: 1380
House

Shopping center for sale Hesse, Weiterstadt, Germany

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€8,900,000

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Additional Information DESCRIPTION

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
BWG 100 7 200.00   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!

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Status: Good
  • Location: Weiterstadt, Hesse, Germany
  • Total Area: 5660 m²
  • Sale Price: €8,900,000

Financial Information

Price
€8,900,000
Rent Income per year
€608479
Rent Income per month
€50706
Profitability
6,84%
Payback
14,6 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
6%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company
Additional Information OTHER INFO

ATTRIBUTES

Total Area: 5660 m²
Floors in the building: 1
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