ID: 1770
House

Shopping center for sale North Rhine-Westphalia, Germany

Shopping center in North Rhine-Westphalia. 9% profitability

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€1,700,000
Shopping center in North Rhine-Westphalia. 9% profitability

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Additional Information DESCRIPTION
We are happy to offer you a shopping center located in a superb location at a busy intersection in the city of Hagen (Land - North Rhine-Westphalia). The object was built in 1997 on a land plot of 3,865 sq. m. The shopping center has a bright, prestigious and modern architecture.
 
The layout of the building is very efficient, which allows you to optimally use every corner of the area used. On the plot there are 42 parking spaces.
 
At the moment, the building is leased to a large international network specializing in the sale of office supplies and office furniture. The current lease term expired by the end of 2019, but has already been extended for another 3 years, until the end of 2022. There are further options to extend the lease agreement.
 
The tenant is fully responsible for the maintenance, repair, maintenance of the building, as well as, if necessary, the replacement of the roof.
 
Price - 1 700 000 euros
The total area is 1 450 sq. m.
Rental income - 155 000 euro / year
Profitability - 9,12%
 
The building is located in a well-functioning and developing commercial area of ​​the city on the B54 between the Hagen West motorway exit and the Altenbohum district, which can be reached in just a few minutes, only 2 km away. Across the road is a car dealership and a company that provides services for the repair and replacement of automotive windows. Also located next to a gas station. A large number of well-known companies (mainly car service companies, building stores, fast food restaurants, and other specialty stores) are also in close proximity and thus perfectly complement the entire industrial park. A bus stop is also nearby. Hagen’s city center and main railway station are less than 15 minutes away. Due to the good transport connection of the object, it is possible to reach neighboring cities, such as Dortmund, Witten, Wuppertal and others, as quickly as possible (both by car and by public transport).
 
Hagen is a city of land subordination in the west of Germany, in the federal state of North Rhine-Westphalia, in the southeast of the Ruhr region. Hagen is often called the Sauerland Gate, as it borders the northwestern part of this region. The population is over 190 thousand people. Hagen is the only state university in Germany that offers correspondence courses - Hagen Correspondence University.
 
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
  • Type of Property: Shopping center
  • Property Type: Secondary market
  • Location: North Rhine-Westphalia, North Rhine-Westphalia, Germany
  • Land Area: 3865 sq m
  • Total Area: 1450 sq m
  • Sale Price: €1,700,000

Financial Information

Price
€1,700,000
Guaranteed rent
Rent Income per year
€155000
Rent Income per month
€12917
Profitability
9,12%
Payback
11 years
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

Near metro / stop
Parking place
Additional Information OTHER INFO
FEATURES
Shopping center with tenant in North Rhine-Westphalia for sale
Shopping center with tenant in Germany for sale
Commercial property with tenant in Germany for sale
Commercial property with tenant in North Rhine-Westphalia for sale

ATTRIBUTES

Land Area: 3865 sq m
Total Area: 1450 sq m
Year Built: 1997
Parking: yes
Parking Spaces: 42
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