Shop in Munich, Germany

Retail unit on the ground floor of the building. Description The total area of the shop is 580 m². The area on the ground floor is 420 m². The area of the basement floor is 160 m². The length of the facade is 12 m. Financial performance Absolute annual income is 185,500 €. The current yield of 5.3%. Loan It is possible to obtain bank loan for 60% of the value of the project at 1.75% per annum. Tenants The tenant of the unit is a clothing store. The lease agreement is valid until 2022 and includes an extension option for 5 years. Transaction costs Notary (state registration) is 1.5 – 2%. Acquisition tax is 3,5%. The broker’s fee of 6%. Location and nearby infrastructure The building is located in 15 minutes drive from the city center. All amenities and public transport stops are situated in a close vicinity of the property.