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Property description
Construction shopping center in the city of Wilhelmshaven.The shopping center will be built and opened in the summer of 2018. Start of construction - spring 2017. The project is supported by the city administration and regional administrations. Total area - 7000 sq.m. Total land area - 15 000 sq.m.Wilhelmshaven - city of district subordination in the north of Germany, in Lower Saxony. The population of 75 900 people (as of 2013). Founded in 1869 by King William I of Prussia as the basis of the Prussian Navy. It was the German Navy's main base in the two world wars. At the present time - the main naval base in the German North Sea and the third largest port (after Hamburg and Bremen, a port group and Bremerhaven), specializing in the handling of petroleum products.The coast of the North Sea, on which the city is annually visited by 19.1 million tourists. Wilhelmshaven and its surroundings visit each year 5.7 million people who remain there all night. Their vacation is usually combined with shopping. an increase of tourist flow is expected by 34% in the coming years. The shopping center will be located in the city center, near the central railway station and the main shopping street.The cost of the shopping center - 36 000 000 EUR + commission paid by the buyer at the conclusion of a notarial contract .. Thanks to successful marketing activities of the shopping center is already leased 80% of world-renowned brands. The owner will not only receive an annual income from lease payments in the amount of 2.4 million euros, according to the forecast, after the opening, but also 10% of total revenue. According to the most conservative estimates it could reach 3000 euro per sq.m. In a more optimistic scenario, the income will be 4400 euros per sq.m. Margin - 6.67% per annum. Payback period - 15 years. All information received by the project owner. The documents are ready to deal. Additional information is available upon request and upon signing NDA and LOI potential purchaser.