This fully leased property consists of a retail building and two apartments in an easily accessible location in Schiedam, within walking distance of Rotterdam. It concerns a corner building at Buys Ballotsingel 62 (01 and 02) and Lorentszstraat 25A on a beautiful canal with a sleeping VvE.
The store (Lorentszlaan 25A-BG) is leased to a small supermarket and has a contract until 2027 with a total duration of 10 years. The monthly basic rent is EUR 1,050. The metrage of the store is 130m2.
The apartment on the 1st floor (Buys Ballotsingel 62-1) has been rented for EUR 750 per month and this contract runs until March 2023.
The apartment on the 2nd and 3rd floor (Buys Ballotsingel 62-02) has been rented for EUR 1,750 per month and this contract runs until March 2023.
This brings the total annual rent to EUR 42,600 with a total area of 325m2.
The asking price for this investment is EUR 795.000.
The condition of the property is good. The apartment on the 2nd and 3rd floors has recently been refurbished. In addition, the store building has a basement and there are no signs of misalignment. Lease contracts and energy labels (A/E/D) are available on request.
A nice investment with a good initial yield (BAR 5.25%) in combination with a decent meter price (EUR 2,492.- per m2).