Germany
Federal
State of Bavaria Fürth
Shopping center in Bavaria
A shopping mall in the beautiful historical town of Fürth in northern Bavaria. Fürth, together with Nuremberg and neighboring cities, is an agglomeration with a population of 750 thousand people.
The shopping center is located in a specialized shopping area on the outskirts of the city, on the same territory with IKEA (the only one in the entire agglomeration), Selgros, Rossmann, Aldi, Lidl, Reno, Adler. Excellent transport links: 8 km from Nuremberg airport, exits to the A3, A6, A9, A73 expressways.
Tenants:
supermarket REWE (contract until 31.12.2028),
shoe store (contract until 31.08.2018),
fitness club (contract until 31.12.2021),
supermarket of building materials (contract until 31.12.2018),
several small tenants. All lease agreements have renewal options.
Year of construction of the building: 1980
Expansion and renovation works: 1996/1998/2012
Land area: 7935m2
Usable area of the building: 4931m2
Parking for 153 cars
Building condition: good
Rental income per year: 522,047€ (5.5% per annum)
It is possible to obtain a loan in the amount of 5,000,000€ at 2% per annum.
Under the condition of a loan, the return on your capital will be 11.5% per annum.
Price: 7,600,000€
