Commercial property 4 931 m² in Bavaria, Germany

Germany Federal State of Bavaria, Fürt Shopping Center in Bavaria Shopping Center in the beautiful historic city of Fürth in northern Bavaria. Fürth, together with Nuremberg and neighboring cities, is agglomeration with a population of 750 thousand people. The shopping center is located in a specialized shopping area on the outskirts of the city, on the same territory as IKEA (the only one for the entire agglomeration), Selgros, Rossmann, Aldi, Lidl, Reno, Adler. Excellent transport links: 8 km from Nuremberg Airport, trips to the A3, A6, A9, A73 expressways. Tenants: REWE supermarket (treaty until 12/31/2028), shoe store (treaty until 08/31/2018), fitness club (treaty until 12/31/2021), building materials supermarket (treaty until 12/31/2018), several small tenants. All leases have extension options. Year of construction of the building: 1980 Expansion and repair work: 1996/1998/2012. Land area: 7935m2 Useful building area: 4931m2 Parking for 153 cars Building condition: good rental income per year: 522 047 € (5.5 % per annum) It is possible to obtain a loan in the amount of 5 000 000 € under 2 % per annum. Subject to the loan, the return on equity will be 11.5 % per annum.   Price: 7 600 000 €