6 984 800 €
6 984 800 €
Shopping center located on the main street of the city, next to river, between other retail spaces and shopping centers shopping centers.
- Building is in good condition with great potential to improve profitability.
- Best usage for building is long term commercial rent for offices and grocery store.
To prepare premises with 2nd floor retail space required minimal investment approximately € 1 527 000 to prepare offices and retail space for rent for price (7,5 € / sqm) with NOI €486 311 (7,54% yield).
To prepare premises with 2nd floor office space required minimal investment approximately € 1 810 000 to prepare offices and retail space for rent for price (8,5 € / sqm) with NOI €526 415 (7,82% yield).
Exit sales price for renovated and leased property with 7,5% cap rate would be €6 500 000 – €7 000 000. Property can be renovated, fully rented and exited within 15 - 18 months.