Object Description

To sell shopping arcade in Reinickendorf.

Attractive Location:

Berlin is in accordance with the city ranking in 2015 and 2016 by the Urban Land Institute (ULI) and PwC, the city with the best Investment prospects in Europe

- The object is located in the District of Reinickendorf and is part of the eponymous administrative district in the North-West of Berlin

- The street on which the property is located, has established itself as a strong trading position of the part of the city for decades

- The Passage is located in the busiest piece of road and acts as a retail and district centre of Berlin-Reinickendorf

Excellent Property:

- Established, single-storey shopping arcade with 15 Shops in round 2.300m2 sales area

- Large Parking space supply with more than 70 free Parking spaces

- Very good public TRANSPORT connection due to direct proximity to the metro Station (2min walk) and a busy bus stop directly in front of the Passage

Long-term, secure rental income:

- 100% occupancy rate

- 15 years lease (2030) mitzzgl. 2 x 5 years 1 x 3 years option to extend

- Strong interest in well-known tenants at the location

- Healthy Mix of chain stores, such as Kaiser's, and regional providers

- WALT 8,3

- Sustainable and stable MietniveauvonØ 17,3€/m2

Great potential through densification:

- Densification potential due to an increase of 2 full storeys and a penthouse on top (approx. 1,700 m2 more surface area)

- Adaptation to surrounding buildings

- Number of Parking spaces remains the same

If you are interested, we can provide you more information.