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Retail business for sale in Berlin, Germany, 8500 m²

Retail business for sale in Berlin, Germany, 8500 m² - photo 1
Price€14,700,000
TypeRetail business
Covered area8500 m²
Land area4849 m²
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Environment

Description

Department store in immaculate condition, 1966 year of construction (completion in 1992). Over the past 10 years, the facility was repaired. The shopping area is modern and consistent with time. Lease: up to 31.01.2022 + 4 x 5 option Income from renting: 1.201.940,76 EUR / year Factor payback: 11,8 Total area: 8.500 sqm Trade area: 5.500 sqm Commission of 7.14 % incl. VAT Equipment and parts: cargo lift, lift, sloped entry, basement, air conditioning, alarm system, adapted for people with disabilities. Location: 5 minutes from the nearest airport. The store is located in the center of Tegel. Bus stop and metro station are in front of the door. The motorway is easily accessible.

Extra Сosts when Buying Property

Property Transfer Tax 3,5-6%
Notary Fees 0,7-3%
Legal Costs 0,3-1%

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Ongoing Ownership Costs

Annual property tax for a small flat €70-150 p.a.
Gaz €3-4/m³
Electricity, on average €0,29 KW/h
Water €0,30-0,50/m³
Radio and Cable TV €17/month
Internet ADSL €9,95/month
Fixed Telephone €15-40/month
Management company fees €30-50/month

Additional Services Costs

Agent Fee 3-6%+VAT

Return on Investment

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