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

ellwangen
Landlord: Louis Group Properties Pink Ltd
Town: Ellwangen
Street: An der Jagt 42
Postcode: 73479
Location:
Ellwangen an der Jagst is a town of 25,000 inhabitants
in the district of Ostalbkreis in the east of Baden-
Württemberg in Germany. First settled in the 7th century,
the town is situated in the valley of the river Jagst, between
the foothills of Swabian Alb and and Swabian-Franconian
Forest. 1300 years later the combination of the town's
rich architecture, ancient cultural events, fascinating
history and natural beauty make Ellwangen a popular
holiday destination.
Lettable Area: 2,200m 2
Purchase Price: €4,600,000 (excluding acquisition costs)
Rental Schedule: Refer to enclosed Rental Schedule.
Annual Gross Rental: €330,000 (plus VAT)
properties germany
Approx. Annual Expenses: €19,500 (Estimated)
Approx. Annual Net Rental: €310,500 (Estimated)
Net Initial Yield: 6.8%
Important Lease Provisions:
• Rent reviews are all upward only.
• 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
9