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Description

Description: Price: €2,019,000 Annual rent: €176,080 Yield: 8.72% The new shopping center is located in central Germany, in the center of a small town. The shopping center occupies a land area of nearly 7,500 m². The property includes a complex of various stores offering a wide range of services to the community. The entire property is fully leased. Rental agreements with tenants are for 10 years or more with additional extension options. The total annual rent (net) for the property is €176,080. The site also includes approximately one hundred parking spaces. There is good potential for new investments: expansion opportunities are available. Additionally, there are plans to build a new rental building on the vacant land. Preliminary agreements with tenants are in place.