Description
Network store building materials in Essen
(Bauhaus)
Year of construction 1988
The plot is 9.319 sq.m.
The area of the premises is 3.038 sq.m.
Parking places 200
100% leased
Lease agreement 31.12.2029 + 5 years extension option
Annual income approximately 337.000 EUR
Price 4.650.000 EUR
Brokerage commission 5,95% incl. VAT
Essen is a very large city. It ranks 9th in terms of population in Germany and 4 in the region (North Rhine-Westphalia). The population of the city is about 580,000.
The city was founded in the 9th century, and it is more than a thousand years old. It is located near the state border, in the neighboring Netherlands, Belgium.
Nearby cities: Bottrop (10 km), Bochum (14 km), Duisburg (18 km),
Wuppertal (23 km), Dortmund (30 km), Dusseldorf (31 km), Cologne (57 km).
Düsseldorf Airport is about 30 minutes from Cologne Airport about 60 minutes.
The proposed facility is located about 8 minutes drive from the city center. Nearby there are such chain supermarkets and stores as (ALDI, LIDL, REAL, DM, TEDOKS, etc.).
Tenants:
The main tenant of BAUHAUS
Annual return 284.816 EUR
Lease agreement until 31.12.2029 + 5 years extension option
The second lessee is Ruda
Annual revenue 52.437 EUR
Lease agreement 5 years
Total annual income 337.253 EUR
Both objects are leased with indexation
At this facility there are costs that are not transferred to tenants and amount to 50,000 EUR per year.
The price from the seller was initially 5.750.000 EUR, but due to non-shifting costs the seller lowered the price by 4.650.000 EUR (this price is also not the final small bargain is still appropriate).
Due to the location, the land area of 9.319 sq.m., as well as the long-term lease agreement makes this facility generally safe for investment.
BAUHAUS has been renting this space for almost 30 years and has extended the contract for another 12 years + 5 years extension option.
According to the newspaper (Frankfurter Allgemeine Zeitung) for January 26, 2018 network building materials stores are one of the largest taxpayers with a positive growth in turnover and profit.
* All data provided is based solely on information,
provided to us by the seller. Therefore, we are not responsible for
completeness, correctness and relevance of these data.