Description
For sale a shopping center located in the busiest shopping district of Cologne (land - North Rhine-Westphalia).
The shopping center was built in 1990 and has an area of about 12,000 m2.
The well-known anchor tenant renting 80% of the area has a lease agreement until the end of 2025 + extension options.
The tenant occupying the remaining 20% has a lease agreement until 2020, but wants to continue to rent his part of the premises.
Total area - 12.000 m2
Rental income - 652.000 € per year
Profitability - 6.86%
Cologne is a city in the Federal Republic of Germany, in North Rhine-Westphalia. The million-plus city of Cologne is the fourth largest and third largest city in Germany, as well as one of the country's largest economic and cultural centers.
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