Six German Retail Properties - the Louis Group International ...

aunfels
Landlord: Louis Group Properties GR12 Ltd
Town: Braunfels
Street: Wetzlaer Str. 16
Postcode: 35619
Location:
Braunfels is a town of 11,500 inhabitants in the charming
valley of Lahn, in the Lahn-Dill-Kreis district in Hesse.
First named in the 12th century, Braunfels received its
town charter in 1607. With festivals running throughout
the year, and a state-approved climatic spa, Braunfels is
a family friendly holiday town.
Lettable Area: 1,444m 2
Purchase Price: €2,057,387 (excluding acquisition costs)
Rental Schedule: Refer to enclosed Rental Schedule.
Annual Gross Rental: €156,455 (plus VAT)
Approx. Annual Expenses: €10,500 (Estimated)
Approx. Annual Net Rental: €145,955 (Estimated)
Net Initial Yield: 7.1%
Important Lease Provisions:
• Rent reviews are all upward only.
properties germany
• The tenant bears the cost of their own utilities
consumption, as well as cleaning and maintenance
of all interiors, the winter services and maintenance
of installations such as heating and ventilation.
• The Landlord is responsible for insurance, property
rates and structural maintenance.
Notes:
• The acquisition of this property is subject to the
fulfillment of certain suspensive conditions in favour
of the Purchaser. In the event that these conditions
are not fulfilled the Purchaser may elect to withdraw
from the acquisition.
Private Placement Memorandum Six German Retail Properties
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