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Existing Shopping Center For Sale
Location: Finland -> Imatra
Industry: Food and Beverage > Grocery and Supermarkets

Business Summary

The mall is located near Mansikkala, next to the big ''Prism''. In total, the shopping center consists of 4 sections:

1) In one plot with permission to build on the area of ​​8800 square meters, in the 90s of the 20th century built a two-storey shopping mall. Center in good condition, has a fairly modern design. Of all the built commercial space for lease rent of about 7992 square meters, the remaining area of general public use and technical rooms. All permits for construction at the site used.

2) An area of ​​8319 sqm with a building permit commercial development, an area of ​​6,200 sq.m. (2 floors). Now used for surface parking (this site leased from the city).

3) An area of ​​3541 square meters, with a building permit commercial development on the area of ​​3900 sq.m. (2 floors). Now used for surface parking.

4) An area of ​​4159 square meters, is only intended for parking.

Shopping center leased. The total annual rental income - 12.8%, net income after all expenses - 6.5%. The process of transferring real estate investor can take up to four months, together with the creation of the company. At the signing of the preliminary contract payment is made at the rate of 50% of the center, the final payment after the transfer of the company together with the shopping center. Possible purchase of the shopping center or an investment (for 3 or 5 years) of the capital in the investment portfolio for 3 years at 4% or 5 years at 5% per annum income. The project cost - 5,845,000 euros


Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $988,993
Cash Flow:   $502,223
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  2007
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale


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Existing Shopping Center For Sale Photo 1 Existing Shopping Center For Sale Photo 2 Existing Shopping Center For Sale Photo 3

Print Listing Id: 700205299
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