Description
For sale: multifunctional modern commerical center convering a surface of 1090 sqm, built on a surface of 2000 sqm, consisting of commerical premises.
The building is situated in a vast commerical zone, in one of the most dynamically developing districts of the town of Mougins, which is located within a 10 minutes' drive from the internationally well known seaside resort of Cannes.
Both the exterior and the interior architecture of the building was assembled using the highest quality materials.The commercial center features fire alarm, ventilation and communication systems as well as thermal insulation.
Currently, around 85% of the surface is leased to renters, who rent the premises in this commercial center for several years. There also is a capacious parking near the building.
The main renters are small local shops. The rent agreements are concluded for a term lasting up to 6 years with an option of prolongation for every 3-6 years.
The strategic location in the center of a vast commerical zone and in the surroundings of several other shops and boutiques, as well as the presence of secure renters with long term agreements creates a perfect opportunity for development and a great investment potential for this object; therefore enabling one to rent the remaining premises within very short delays.
Surface of land property – 2000 sqm
Surface of the office premises – 1090 sqm
Price – 2 850 000 EUR
Rentability – 5,12%
Return on invested capital with loan of 60% of project cost – 12,8%
Financing is possible on the following conditions:
Personal contribution – from 40 %
Mortgage – up to 60% of value of object
Repayment terms – up to 20 years
Interestrate – 2,5-2,8 % per year
Interest paid monthly or quarterly.