Commercial in city Essen
2600.00 sq.m.

€ 3 800 000

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Germany. Essen. Supermarket commercial and 2 apartments.
Office building with EDEKA supermarket + 2 apartment in Essen.
* Great location on a busy shopping street in Essen
* The General condition of the facility, well maintained
* Very good level of rent 96 %
* Possibility of rent increases due to lease existing vacancies
* Attractive tenants (medical offices, offices, apartments and retail)
* Network EDEKA supermarket as a high quality anchor tenant (leases since 1995)
* Private underground Parking
* Penthouse (173 m2) is used free of charge during the life of the lessee (Treaty 1986)
Type: residential and office building with commercial area
Anchor tenants: EDEKA supermarket Network
Lease: an average of 5 years
Year built: 1986
Land area: 1.519 sq. m.
Rentable area/(vacant): 2.181 sq m (97 sq. m.)
Retail: 809 sqm
Office space: 881 sq. m. (97 sq. m.)
Warehouse: 237 sq. m.
Number of apartments 2 : 253 sq. m.
Parking spaces (underground garage): 32 (2)
Leased: 96 %
Net cold rent actual: 253.057 €
Net cold rent possible: 266.575 €
Price: 3.800.000,00 €
The actual margin of 6.7 %
Profitability possible: 7 %
Commission: 5,95
Price: 3.800.000,00 €
The proposed facility is located to the North-East of the centre of Essen.
Currently, the apartment has about 97 m2 of vacant space. Thus there is potential to increase revenue by renting empty spaces, and
also increasing the rent the second apartment. In total, tenants and customers are provided with 32 Parking spaces in the underground garage, as well as space for
Parking on the street.
The proposed facility has a Central location in the district on a busy main shopping street. In the vicinity of the object is a bakery, pharmacy,
the restaurants and cafes.
To city center: 7.0 km
Central station: 6.4 km
The nearest public transport stop: 0.3 km
There is a choice of apartments and houses in various budget, including commercial facilities.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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