Commercial property in Leipzig, Germany, 2 220 m²

URGENT SALE!
The property is the main shopping center in the city's infrastructure. Anchor tenant NORMA, lease agreement from 1994 to 12/31/2023, not including renewal options. The total duration of lease agreements for all tenants is 5.8 years, without the right to terminate. There is approved financing of 1.200.000 € at 1.75%, the rate is fixed for 5 years.

Location:
The property is located in a residential area of Leipzig. Leipzig is the largest city in the federal state of Saxony. Population is about 550 thousand people. The city is located at the intersection of the most important highways in Germany (A9, A14, A38). One of the most important areas of Leipzig's economy is the automotive industry - BMW and Porsche factories are located in the north of the city. There is also a representative office of DHL, which actively uses Leipzig/Halle airport for shipments to Brussels, the construction crane company Kirow Ardelt AG, as well as Spreadshirt, Unister, Siemens, TAKRAF and Verbundnetzgas.

Return on investment: 9.17%
Land area: 7,562 sq. m. m
Facility area: 2,220 sq. m
Year of construction: 1994
Year of modernization: 2017
Number of parking spaces: 117
Commercial units: 6
Rentable area: 2220 sq. m. m

Rental income
Rental income per year current: €176,778
Rental income per year total: €176,778
Yield current: 7.07%
Yield total: 7.07%