North West Estate - income properties in Germany
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Shopping center near Wolfsburg
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Location:
Wolfsburg has a population of approx. 124.000 and is located in the county of Lower Saxony.

Price 700 000 EUR
Sold
Property conditionnew
Plot area8409 m2
Property area2357 m2
Year built1998
Number of parking spaces110
Rented outyes
Number of commercial units4
Current year’s income79 537 €
Full year’s income152 037 €
Actual yield11.36%
Potential yield21.72%


Purchase costs
Notarization10 500 €
Purchase tax35 000 €
Brokerage commission (6% excl VAT)42 000 €
Total87 500 €
Property description:

Tenants - large network companies. Lease contract until 2014 and 2016 2x5 + extension option years. On an empty area of ​​the tenant found.

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