Supermarket in a new residential complex.
The total area of the property is 1,626 m².
The supermarket will be equipped with panoramic windows and technical rooms.
The purchase price of the property includes parking for 13 lots.
The construction of the residential complex will be completed in the summer of 2019.
Absolute annual income is 464,000 €.
The current yield is 4.4%.
The tenant is a large chain of German supermarkets with a workforce of more than 300 thousand employees nationwide. It operates about 200 supermarkets in Berlin. The company's income reached 60 billion € in 2017.
The lease agreement is valid until 2034. It includes extension options for 3х5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 4% + 19% VAT (in total 4.76%).
Location and nearby infrastructure
The property is located in the central district of Berlin. Public transport stops and Metro stations are situated within few minutes of walking from the building.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
The average monthly salary in Berlin is about 2,200 €.
The purchasing power index for March 2019 is 108.67 (12th place in the country).
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
Tegel and Schönefeld Airports of Berlin serve more than 40 million passengers a year.