For sale, a shopping center in Bavaria - Munich. The area is 5350 m2. All areas are leased, 20 - tenants. The main tenant is EDEKA Supermarket. In excellent condition, near the center of Munich. Possibility with 70% of equity.
- 3. 95% interest rate
- 3. 05% eradication
The ability to pay off plus interest is saved, i. e. Annual rent 7% = EUR 294,000, - or EURO month 24,500
- As of June 30, 2013 the balance of the debt is about 4 million euros.
The loan is granted for a period of 10 years with a fixed interest rate, so that the outstanding debt at 8/31/2021 is approximately EUR 26800003 estimates: As of the reporting date, on 07. 09. 2010, real estate appraisal for mortgage lenders for the commercial center estimation was carried out, the real value of EURO is 8200000. After 2010, the value of real estate in Munich has grown significantly. Meanwhile, the rent per month EURO 57. 000, - about 10% increases. EUR 62. 900
Especially important is the fact that the lease agreement with EDEKA was again concluded for a 10-year period plus 3 options for 5 years.
The rent remained approximately unchanged, however, due to repairs, operating costs were substantially reduced. The Big Edeka store with 1500 sq. m. Space. Has been completely renovated, with all new installations, including air conditioning.