Kitzscher, Leipzig Area, --- Shopping Mall / Residential Apartments ---, (Yield: 7.1%), [Ref. 226],

Features

• Type: Shopping Mall / Residential Apartments 
• Ref: 226GEOH07 
• Location: Kitzscher, Leipzig Area 
• Area: Rented: 1,948 sqm (20,968 sq ft); Site: 6,380 sqm (68,674 sq ft) 
• Annual Rent: EUR 187,847 
• Gross Yield: 7.1% 
• Price: EUR 2,650,000 

Description

This small shopping mall is situated in the centre of Kitzscher, a town of 6,000, some 25 km from Leipzig. The shopping centre is located in a pleasant residential area close to the town centre. The anchor tenant is a major German food retailer with lease expiring on 17/02 /2014. There are three further retail tenants including a branch of the major continental European drugstore chain.

Leipzig (pop. 507,000), the largest city in Saxony, is a progressive forward looking city which continues to attract major investment in the services and industrial sectors. Leipzig is a major fairs and exhibition centre which attracted 1.3 million visitors in 2006.

Insight Property Ltd. specialise in the sourcing and marketing of high-quality investment property opportunities. Please do not hesitate to contact us in case you should have any questions or queries on this property or if you would like to obtain knowledgeable, reliable assistance with investing in the German property market.

(c) 2007 Insight Property Ltd.
While every effort has been made to ensure the accuracy of the data provided, neither Insight Property Ltd nor its agents or representatives will be responsible for any loss or damage on the part of users however caused.

Quick link to this property www.propertynews.com/jzgk