ID: 1417
House

Shopping center for sale Rhineland-Palatinate, Pirmasens, Germany

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€1,620,000

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Additional Information DESCRIPTION

You will love this commercial property in Pirmasens, Rhineland-Palatinate federal land.

Year built – 1964 (overhauled in 2007)

Land Area –3,199 m2

Commercial Area – 3,428 m2

Revenue from the rent – €138,000

Rate of return – 8.52%

Price – €1,620,000

The lessee is a clothing store C & A with a lease contract valid until 2023.

Pirmasens is a German town located in Rhineland-Palatinate federal land, near the French border. The population is about 44,000 people.

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Do not miss a unique opportunity to have a commercial property in Germany!

 

 

Additional Information PROPERTY DETAILS
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Status: Good
  • Location: Pirmasens, Rhineland-Palatinate, Germany
  • Land Area: 3199 m²
  • Total Area: 3428 m²
  • Sale Price: €1,620,000

Financial Information

Price
€1,620,000
Rent Income per year
€138000
Rent Income per month
€11500
Profitability
8,52%
Payback
11,7 years
Installment
Mortgage

Purchase Cost

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

ATTRIBUTES

Land Area: 3199 m²
Total Area: 3428 m²
Year Built: 1964
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