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Shopping center with rental income

Savonlinna, FinlandUnlock address

84%

€13.000.000

Retail

#9472

Core+

20 Feb 2024

Property Details

Broker

For sale

13,654 m²

Leasable area

952 €/m²

9.70 %

Freehold

20

X

Fees

2.00 %

0.00 %

1.80 %

0.00 %

0.20 %

Investment Overview

Two shopping centers in the main street of Savonlinna city. Own land 12.443 m2. Two commercial buildings with the size of 9.891 m2 + 3.763 m2. Built in 1981-1992 and renovated 2006-2013. Buildings are well maintained and in good technical condition. 90 % of lease area is leased to well known reliable tenants. Long term agreements. Annual income from rental agreement 1.824.000 EUR. Operational cost 564.000 EUR. Net Initial Yield 9.7 %. Existing management company. Can be sold as share or asset deal.