Commercial space with a well-known retail chain tenant in the city center.
Description
The store occupies three floors in a building renovated in 2011 and located right in the center of the city.
The absolute annual income is 342,600 €.
The current yield is 5.5%.
The expected annual income is 384,000 €.
The expected yield is 6.2%.
Anchor tenant is a well-known fashion brand.
The lease agreement is valid until 2022 with options to extend for 3x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 6% + 19% VAT (in total 7.14%).
The property is located in the center of the city with a population of about 20 thousand people in the federal state of Bavaria.
Bavaria is the largest in terms of area among the 16 federal states of Germany, it has the largest economic and scientific potential and it is in the lead in terms of economic growth. The population of Bavaria is more than 12 million people. The capital city is Munich.
Machine building is played the most important role in the economy of Bavaria, in particular, the automobile industry and the aerospace industry. Electrical engineering, precision mechanics, optics, the production of medical equipment, and the chemical industry are also developed.
Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 million people. The most popular places are the Bavarian lakes, the Alps, as well as the cities of Munich, Augsburg, Regensburg with their historical sights, museums, beer gardens, fairs and the famous Oktoberfest.
