Retail and office building in Munich
Price: 11,400,000 euros + 19% VAT (reclaimable)
Gross yield: 6.2%
Retail and office building in Munich, completed in 2010, fully rented to four tenants with long term leases. Annual rental income 711,711 euros with provision for indexed adjustments.
Well situated in the centre of one of the new urban quarters at Munich’s periphery and convenient to both the regional rail (S-Bahn) and the autobahn.
The well lit, four storey structure is built to an unusually high standard, using the most modern equipment, high value materials and flexible, open spatial design.
Total area: 4,563 sqm; Sales and exhibit areas on the ground and first floor: 2,593 sqm; offices on the 2nd and 3rd floors: 1,554 sqm; underground storage: 416 sqm; underground parking spaces: 38
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