Aengevelt is brokering the sale of commercial space in a residential/commercial building on Luegallee in Düsseldorf-Oberkassel on behalf of an exclusive mandate of a community of heirs. The buyer of the commercial part-ownership, which is rented to a pharmacy on a long-term basis, is a private investor who has acquired the property as a capital investment. The purchase price was not disclosed. The gross initial yield is given as approx. 7% p.a.
“The placement of commercial fractional ownership is associated with special challenges, as investors generally prefer the acquisition of complete properties. On the other hand, commercial fractional ownership in a sought-after location offers attractive opportunities, especially for private investors who are looking for investment opportunities in the six- to lower seven-digit euro range. This is particularly true in the present case of sale: The space is located in a prime location on the well-known Luegallee in an established environment with high footfall and a solvent neighbourhood and is also leased to a pharmacy on a long-term basis,” explains Fabio Mata from the Investment & Development team at Aengevelt Düsseldorf, adding: “In view of these location and property qualities, just eight years passed between the start of sales and the notarial certification weeks. In addition, there were several serious interested parties, which further proves the special micro-location quality.”
