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Retail and Leisure Complex with Apartments
Ernst-Thälmann-Str. 55
DE 15517 Fürstenwalde
 Deutsch |
| Kind of Property |
Complex with Retail, Workshop and Residential Spaces |
| Year built |
1935, Center Wing 1950, Heating House 1985 |
| Conversion/Reconstruction |
1993 |
| Land Area (developed) approx. |
4,360 sqm / 1.08 acre |
| Kind of Construction |
Solid Structure |
| Stories |
1 to 2 |
| Living Space approx. |
371 sqm / 3,992 sq. ft. (6 Apts.) |
| Workshop approx. |
235 sqm / 2,529 sq. ft. |
| Retail/Shop approx. |
910 sqm / 9,792 sq. ft. |
| Office Space approx. |
36 sqm / 387 sq. ft. |
| Veterinary Practice ca. |
78 sqm / 839 sq. ft. |
| Restaurant approx. |
250 sqm / 2,690 sq. ft. |
| Total Commercial Space approx. |
1,511 sqm / 16,258 sq. ft. (8 Units) |
| Total Floor Space approx. |
1,880 sqm / 20,229 sq. ft. |
| Current Vacancy approx. (~ 31%) |
585 sqm / 6,295 sq. ft. (Commercial) |
| Parking Lots |
40 (7 rented out) |
| Over-all Monthly Net Rent around |
EUR 4,675 (plus utilities and partly VAT) |
| Over-all Annual Net Rent around |
EUR 56,094 (plus utilities and partly VAT) |
| Minimum Price (~ € 220 per sqm) |
EUR 413,600 immediatly in court (Subject to higher bids!) |
| Minimum Price (~ € 213 per sqm) |
EUR 400,000 suspension of decision (Subject to higher bids!) |
| Market Value set by Court |
EUR 1,400,000 (~ € 765 per sqm) |
| Auction in Court to be held |
September 23, 2010 |
| Current Rental Yield more than |
13.5% @ about 69% Occupancy |
