A Netto supermarket under construction with a new lease agreement for 15 years.
Description
The property will be built according to the latest standards and under the control of the Netto chain. Сompletion — September 2019.
The new building is built in place of the old one, which Netto has occupied for 10 years.
Advantages
The property has development potential: it is possible to build additional 600 m² of commercial space. The developer is ready to build it on a turnkey base at an extra charge and to put it into operation with the supermarket.
The absolute annual income (after moving to a new building) is 200,000 €.
Guaranteed yield is 5,4%.
The tenant is a large supermarket chain with more than 400 stores in 5 European countries. The company has more than 7 thousand employees.
The lease agreement is valid for 15 years + 2x5 years extension options.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The property is located in Bavaria, near a residential area of the community with a population of more than 7,000 people.
The distance to the nearest university city is about 20 km, to Munich — about 160 km.
Bavaria has the largest area among the 16 federal states of Germany, it has the largest economic and scientific potential and it is in the lead in terms of economic growth. The population of Bavaria is more than 12 million people. The capital city is Munich.
Machine building is played the most important role in the economy of Bavaria, in particular, the automobile industry and the aerospace industry. Electrical engineering, precision mechanics, optics, the production of medical equipment, and the chemical industry are also well-developed.
The well-developed areas of Bavaria:
- metropolitan area of Munich with developed auto industry (BMW, Audi, MAN, Knorr-Bremse, Seimens, Infineon Technologies, Microsoft, ProSiebenSat1, Sky Deutschland, Kabel Deutschland, Burda, EADS, Krauss-Maffei Weggmann)
- Augsburg area (EADS, KUKA, UPM-Kymmene)
- Ingolstadt (Media-Saturn-Holding)
- ”Bavarian chemical triangle“ between Lake Chiemsee and the Inns and Salzach rivers
