North West Estate - income properties in Germany
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Shopping center near Munster
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Location:
Munster is located in the north of the federal state of North Rhine - Westphalia. The city's population is about 270 thousand people. There are Constitutional and Supreme Administrative Courts of North Rhine-Westphalia in Munster. Munster is considered a university town. In total, it trained about 50 000 students. The nearest major cities are Dortmund to Munster (61 km south), Bielefeld (62 km east). It is also 65 km to the northwest is the Dutch city of Enschede

Price 5 400 000 EUR
Sold
Plot area12012 m2
Property area4519 m2
Year built1995
Rented outyes
Number of commercial units3
Current year’s income392 659 €
Full year’s income392 659 €
Actual yield7.27%
Potential yield7.27%


Purchase costs
Notarization81 000 €
Purchase tax351 000 €
Brokerage commission (6% excl VAT)324 000 €
Total756 000 €
Property description:

There are a few stores in this building. The building was completely restored in 1995 and is in a good condition. The lease Agreement until 2024.

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