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

stockach
Landlord: Louis Group Properties GR11 Ltd
City: Stockach
Street: Bahnhof Str. 10
Postcode: 78333
Location:
Stockach is a town of 16,500 inhabitants less than 15km
north of Radolfzell, in the district of Konstanz, in Baden-
Württemberg. Its idyllic location encourages outdoor
pursuits, and the nearby Bodensee (5km away) offers
excellent water sports facilities. Stockach has existed
since the 8th century and was awarded a town charter
1278. Annual events such as the "Schwaebischalemannisch-carnival"
and the "Stockacher cuckoo tribunal"
present opportunities for the locals to display their townpride.
Lettable Area: 3,942m 2
Purchase Price: €5,705,243 (excluding acquisition costs)
Rental Schedule: Refer to enclosed Rental Schedule.
Annual Gross Rental: €433,859 (plus VAT)
properties germany
Approx. Annual Expenses: €30,000 (Estimated)
Approx. Annual Net Rental: €403,859 (Estimated)
Net Initial Yield: 7.1%
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
12