Mercury Group
Shopping Center in Hesse for sale
- Germany, Giessen
- 0
- Germany, Giessen
- 0
Property description
The shopping center is located in the city center. The building has four tenants, each of them large German network operators with lease agreements until 2025-2029 without the right to terminate. Anchor tenants Wollworth occupies 1123 m2, lease agreement until 2042, without the right to terminate until 2029, Peny occupies 1014 m2 with lease agreement until September 30, 2024. Peny is ready to take the option early for 3 years, thereby extending the contract until 2027 without the right to terminate. Parking lots are located on the 3-4 floors of a building managed by a specialized company, generating more than 100,000 euros of income per year. The second floor of the building was rented for a fitness studio until May 31, 2021; negotiations are currently underway with a large fitness chain in Germany to conclude a long-term lease agreement. Location: Welzaar is an ancient city in Germany, the industrial and cultural center of Hesse. The city's population is about 52 thousand people. The city's optical, electrical, metalworking and precision mechanics industries are world famous.
Return on investment - 7.75%
Rental income per year total - 426.505 Euros
Basic parameters:
- Germany, Giessen
- 0
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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