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Street Retail In Elite District
Location: Germany -> Frankfurt
Industry: Real Estate > Other Real Estate

Business Summary

Street retail, in the elite district of Frankfurt. Commercial area - 845 sq.m. Completion of construction work: up to June 2017. Room 1: area - 416.16 sqm, purpose of use - kindergarten, rent for 10 years, in agreement with the city of Frankfurt am Main. Extending the agreement after 10 years is optional. Cost: 2,288,880 euros. Room 2: area - 194.70 sqm shop. Cost: 1,070,850 euros. Rooms 3: area - 234.20 sq.m., restaurant. Cost: 1,288,100 euros. Rental Guarantee: 17.85 euros per square meter, gross. Approximately 350 meters from the facility will be built first PORSCHE DESIGN TOWER in Europe, sales of which began in late 2015.

It is the price of 8 000 to 10 000 euros per square meter! The project cost - 4,647,830 euros. Brokerage commission is 5.95% of the purchase price (includes 19% VAT). Annual income from the rental: Kindergarten - 89 136 euros; Shop - 41 700 euros; Restaurant - 50 160 euros. Information about the developer: Experience: 42 year - quality and safety guarantee.
The company was founded in 1973, during her work sold about 6,000 residential and commercial projects in more than 53 locations. The authorized capital of the company in 2014 is 10 million. Euro. The company specializes in real estate development in fast-growing metropolitan areas in the central and their most profitable areas. 1) Professional management of the facility by the company-builder. 2) Warranty for the rental of more than 10 years. 3) Guarantee of calculating the cost of public services, according to economic standards. 4) Full payment of the final delivery of the object. 5.) The maximum guarantee on the value of the total cost from the builder - management company (sale price + interest + funding at registration, notary and other expenses associated with the acquisition + tax on the purchase). All of these items are components of the contract of sale. The documents are ready to deal. Additional information is available upon request and upon signing NDA potential purchaser.


Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale


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Street Retail In Elite District Photo 1 Street Retail In Elite District Photo 2 Street Retail In Elite District Photo 3

Print Listing Id: 700260028
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