Supermarket with yield of 5.1%, Essen, Germany

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Supermarket with yield of 5.1%, Essen, Germany

4,910,000 €
839 € /m²
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  • Total area
    5,850 m²
  • Yield
    5.1 %
  • Built in 
    1977
Details
Property parameters
  • Land area: 11,677 m²
  • Number of parking lots: 128
Financial performance
  • Annual income: 252,689 €
Tenants
  • Occupancy: 38 %
  • End of lease: 2022
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 6.5 %
  • Broker: 4.8 %

Three commercial buildings.

Description

Total area of the property is 5,850 m²

Property consists of supermarket, office building and warehouse.

Office building was built in 1977 and extended in 1990. Supermarket was built in 2002.

38% of the area is leased out.

Financial performance

Absolute annual income is 480,000 €.

The current yield of 8.2%.

Projected absolute annual income is 473,438 €.

The projected yield of 9.6%.

Tenants

The anchor tenant is a supermarket chain.

The lease agreements are valid through 2022.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6.5%.

The brokerage fee is 4.76%.

Location and nearby infrastructure

The property is situated in the residential district of the city. There are a hospital, public transport stops and tram stations located in close vicinity from the property.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in Germany.

You can see more supermarkets for sale in Essen elsewhere on our website.

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