Different purpose in Dusseldorf

€ 14,500,000

Description

High-profit commercial center with reliable tenants in the airport area

Düsseldorf - Airport

The building of 1993. The building consists of 3 commercial units
The owner carried out extensive repairs with a large redevelopment in 2016.

1) Grocery store "Aldi", a long lease until 30.06.2025 + 3 * 5 options for renewal (starting from 2026 it is possible to increase the rent).

2) The upper floors are leased to the City of Düsseldorf, the main contract until 2021, plus one extension option for 5 years until 2026 without the prior right of cancellation. According to the lease agreement after the end of the period, the city undertakes to deliver the object in the form in which it was accepted (ie, to make repairs and transfer to the owner as it was originally accepted). It may be possible to agree with the city that he transfers the amount of money that the buyer can then use for reconstruction to the hotel or office.


3) Part of the land plot is leased airport-parking with an unlimited contract. On this site, you can build a 4-storey parking and raise the cost of rent.

Aviokompaniya Eurowings moved the headquarters in Düsseldorf, thereby more flights, more passengers, more need for parking, hotel rooms.

After the end of the lease with the city of Düsseldorf, the building can be rebuilt with a small investment in a hotel category "2 * +" for 134 rooms. A preliminary permit for perestroika has already been issued by local authorities. Different large networkers expressed their interest in renting a hotel after perestroika.

Since the neighboring building is 2 stories taller, it is possible that this building can be increased by 2 floors, but this depends on the statics, and on the construction department.

The building is located 1 km from Düsseldorf Airport (DUS) in the northern part of the city.


Land area 10.446 m²
General. Area: 7.869 m²
Number of Floors 3
Number of comm. units 3
Commercial space 6.998 m²
Year of construction 1993
Refurbishment 2016
Basement yes
Parking places 240
Heating Gas-central

Income 918.000, - €
Yield of 6,3%
Price 14.500.000,00 €

Broker commission 4.76% (inclusive of VAT)

Property details

Floor
3
Guard
1
Type of location
Countryside
Number of premises
3
Currently functioning
1
Type of parking
Open
Rental income
918000
Ownership type
Proprietary
Payback period
6.3
Last renovation
2016
Year of construction
1993

Location

Dusseldorf

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