Lot number 64658
Investment project 3376 m2
Germany, Isernhagen
- Price
Price on request
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Description
The shopping center is located in the industrial zone of Hannover, in the village of Altwarbüchen, at the exit to the A2 motorway. Altwarbüchen is part of the Isernhagen commune in the Hannover district. Altwarbüchen is the largest settlement in Isernhagen in terms of population. It borders the city of Hannover to the northeast. Isernhagen leads in terms of average income among the communes of Lower Saxony.
- Located in the area with a high concentration of trade in northern Hannover
- The center is called "A2-Center" and houses major outlets such as Real, C&A, Deichmann, Intersport, Saturn
- One of the significant furniture and interior design centers in the Hannover area.
- Planned renovation of the building including electrical equipment, floors, ceilings, walls, showcases, automatic doors, restrooms, and facade.
- Aldi is willing to sign a new lease agreement for 15 years with the possibility of 5 extensions of three years each due to the extensive renovation and advantageous location of the property.
- The local administration's refusal to allocate new areas for large food discounters, combined with the advantageous location and extensive renovation of the existing building, makes it highly sought-after by tenants.
Property Specifications:
- Land area: 7,340 sqm
- Rental area: 3,376 sqm
- Parking spaces: 102
- Tenants: Aldi, Ulla Popken, KiK, Wolters Cat and Dog, Langrehr bakery, Wurst-Basar
- Annual rent: €556,591 (net)
- Lease term: 15 years (Aldi) and 8-10 years for other stores
- Start of construction works (general renovation): planned for the 4th quarter of 2018
- Completion: planned for the 1st quarter of 2019
- Price: €10,350,000
- Current project stage: preliminary positive decision from the administration for construction
- Return on investment: 5.4%
- Commission: 4% + VAT
Characteristics
Square
3376 m2
Bedrooms
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Bathrooms
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Readiness
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Number of storeys
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Rooms
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Ceiling height
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Finishing
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Architect, founder of Tsimailo, Lyashenko and partners
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Founder and owner of Kelly Hoppen Interiors
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