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

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Landlord: Louis Group Properties GR15 Ltd
City: Berlin
Street: Buckower Damm 106 - 110
Postcode: 12349
Location:
Berlin is the capital city of the Federal Republic of
Germany. With a population of 3.4 million, it is Germany's
largest city, and the second most populous city in the
European Union. Berlin is one of the most influential
centers in European politics, culture and science, and
serves as an important hub of continental transportation.
Following the reunification in 1990, the city regained
its status as the capital of all Germany.
Lettable Area: €1,010m 2
Purchase Price: 3,050,000 (excluding acquisition costs)
Rental Schedule: Refer to enclosed Rental Schedule.
Annual Gross Rental: €221,125 (plus VAT)
Approx. Annual Expenses: €15,500 (Estimated)
properties germany
Approx. Annual Net Rental: €205,625 (Estimated)
Net Initial Yield: 6.7%
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:
• This is a development site and construction is due to
commence on or about 1 April 2007 and should take
approximately 7 months to complete.
• A lease agreement with the Tenant for a period of 15
years has already been
concluded.
• 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 7