Shopping Mall

Hanover, Germany

For Sale

$15,280,739

  • hannver shopping mall
  • hannover mall

Property ID :

 25

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Price

$15,280,739

Current Yield

6.8%

Potential Yield

10.8 %

Financing

50%

Equity Required

$7,640,370

Area

8585

Land Size

5525

Description

Shopping mall situated in Hannover, this Real Estate Investment offers a long-term secured rental income and high yield. Financing is available up to 50 %. The building of the shopping center meets all technical criteria and is in good condition. The main tenants are large German chain stores, the anchor tenant has lease agreements until 2031 without the right to terminate. The property has a current yield of 6.8% Net Yield. Return on Equity with Financing will yield 10.78%.
Rental Income
Income                956 625  €
Financing
The interest rate 2.2%
Loan period 15 years
Down payment 50%
Interest (in the first year) 136833 €
Location
The shopping center is located in the center of the city with a population of 100 thousand people, 60 km from Hanover. Hannover is the administrative center of Lower Saxony, home to over 500,000 people. It is a major railway junction at the intersection of two highways – Hamburg – Munich, and Berlin – Amsterdam. Hannover is today the largest exhibition city in Germany, the economic and industrial center, one of the musical capitals of the north of Europe, and, of course, the city of the World Expo 2000. 

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