ID: 1733
House

Shopping center for sale North Rhine-Westphalia, Germany

Shopping center in North Rhine-Westphalia. Profitability 7.35%

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€1,550,000
Shopping center in North Rhine-Westphalia. Profitability 7.35%

Enquire about this Property

Additional Information DESCRIPTION
We are happy to offer you a shopping center located in the city of Gelsenkirchen (North Rhine-Westphalia). The object was built in 1960 on a plot of 2,600 sq.m. and after recent modernization is in good condition. There are own parking spaces.
 
The shopping center was leased for a long term until 2030 + options for renewal.
 
Price - 1 550 000 euros
The total area is 1 600 sq. m.
Rental income - 114,000 euros per year
Profitability - 7.35%
 
Gelsenkirchen is a city of land submission in western Germany, in North Rhine-Westphalia. Located in the northern part of the Ruhr area, part of the Münster administrative district. The population is more than 260 thousand people. At present, in Germany and beyond its borders, Gelsenkirchen is best known as the birthplace of the Schalke 04 football club. The largest cultural attraction can be called the Ruhr Musical Theater with a capacity of 1005 spectators.
 
If you are interested in this and other objects, you can leave a request. Managers of our company will contact you shortly and provide you with the objects that match your request.
 
Do not miss the opportunity to purchase a shopping center in North Rhine-Westphalia!
Additional Information PROPERTY DETAILS
  • Object: Commercial property
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Location: North Rhine-Westphalia, Germany
  • Land Area: 2600 sq m
  • Total Area: 1600 sq m
  • Sale Price: €1,550,000

Financial Information

Price
€1,550,000
Guaranteed rent
Rent Income per year
€114000
Rent Income per month
€9500
Profitability
7,35%
Payback
13,6 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

Facilities

Parking place
Additional Information OTHER INFO
FEATURES
Shopping center with tenant in North Rhine-Westphaliafor sale
Shopping center with tenant in Germany for sale

ATTRIBUTES

Land Area: 2600 sq m
Total Area: 1600 sq m
Year Built: 1960
Parking: yes
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