Verified listing
Shopping center with rental income
Shopping center with rental income

Shopping center with rental income

Savonlinna, Finland

84%

Retail

€13.000.000

17 Nov 2020

#9472

Property Details

13,654 m²

Leasable area

952

9.70 %

Freehold

20

For sale

Broker

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.

X

Market data