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

adolfzell
Landlord: Louis Group Properties GR12 Ltd
Town: Rädolfzell
Street: Böhringer Str. 79
Postcode: 78315
Location:
Radolfzell am Bodensee is a town of over 30,000
inhabitants at the western end of Lake Constance. It is
the third largest town in the district of Konstanz, in Baden-
Württemberg. Radolfzell is a well known health care city
and a very important railroad junction. The city was
founded in 826 and was dedicated to Jesus Christ by
Bishop Radolf of Verona, from whom the town took its
name. In 1990 Radolfzell was named the Federal
Environment Capital City of Germany.
Lettable Area: 2,442m 2
Purchase Price: €4,683,258 (excluding acquisition costs)
Rental Schedule: Refer to enclosed Rental Schedule.
Annual Gross Rental: €356,141 (plus VAT)
properties germany
Approx. Annual Expenses: €23,600 (Estimated)
Approx. Annual Net Rental: €332,541 (Estimated)
Net Yield: 7.1% (Based on above estimates)
Important Lease Provisions:
• Rent reviews are all upward only.
• Negotiations are underway with Lidl GmbH & Co KG
(representing 31% of lettable area and 41% of gross
annual rental) to enlarge their trading area and sign
a new 10 year lease.
• 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
11