ID: 1738
House

Shopping center for sale North Rhine-Westphalia, Cologne, Germany

Shopping center in Cologne. Profitability  6.86%

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€9,500,000
Shopping center in Cologne. Profitability  6.86%

Enquire about this Property

Additional Information DESCRIPTION
We are happy to offer you a shopping center located in the busiest shopping area of ​​the city of Cologne (land - North Rhine-Westphalia).
 
The shopping center was built in 1990 and has an area of ​​about 12.000 sq. m.
 
The well-known anchor tenant who removes 80% of the area has a lease until the end of 2025 + options for renewal.
The tenant occupying the remaining 20% ​​has a lease agreement until 2020, but wants to continue to rent its part of the premises.
 
Price - 9 500 000 euros
The total area is 12 000 sq. m.
Rental income - 652,000 euros per year
Profitability - 6.86%
 
Cologne is a city in the Federal Republic of Germany, in North Rhine-Westphalia. The million-plus city of Cologne is the fourth most populous and third-largest city in Germany, as well as one of the largest economic and cultural centers of the country. In addition, Cologne is the largest center of the 10 million agglomeration of the Rhine-Ruhr region and the center of the 2 million monocentric agglomeration. The population of Cologne is more than 1 million people. Today, the leading positions in Cologne are occupied by the machine-building and automotive industries, the chemical industry, the food industry, the oil refining industry, the textile industry, and the production of building materials. A number of well-known companies founded their branches in Cologne: Evonik Industries, Shell, Toyota, British Petroleum, Ford. Here is the Lufthansa Management Center.
 
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 buy a shopping center in Cologne!
Additional Information PROPERTY DETAILS
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Location: Cologne, North Rhine-Westphalia, Germany
  • Total Area: 12000 sq m
  • Sale Price: €9,500,000

Financial Information

Price
€9,500,000
Guaranteed rent
Rent Income per year
€652000
Rent Income per month
€54334
Profitability
6,86%
Payback
14,6 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
Additional Information OTHER INFO
FEATURES
Shopping center with tenant in Cologne for sale
Shopping center with tenant in North Rhine-Westphalia for sale
Commercial property with tenant in Cologne for sale
Shopping center with tenant in North Rhine-Westphalia

ATTRIBUTES

Total Area: 12000 sq m
Year Built: 1990
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