A hotel with a supermarket in Bavaria.
Description
The property includes:
- hotel (3,027 m²)
- supermarket (1,398 m²)
- household goods store (433 m²)
- atelier (100 m²)
- underground parking
Bank financing is possible.
The absolute annual income is 691,976 €.
The current yield is 4,8%.
The anchor tenants are:
- hotel chain with more than 300 hotels in Europe
- large German home improvement supermarket chain with more than 4,000 stores. The company's annual turnover exceeds 12 billion euros.
- one of the largest German discounters of household goods, with more than 250 branches in Germany. The company's annual turnover is more than 150 million euros. The number of employees is more than 1600 people
The lease agreement with the hotel is valid 04.2018 for 20 years with extension option 2x5 years.
The lease agreement with the supermarket is valid 04.2018 for 15 years with extension option 1x5 years.
The lease agreement with the household goods store is valid for 10 years with extension option 1x5 years.
The lease agreements provide for rent indexation.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The property is located in the center of a small old town in Bavaria.
The population of the town is about 70,000 inhabitants.
The town attracts tourists with numerous parks, museums, exhibitions and theaters, among which are sights of the XVIII century, included by UNESCO in the World Heritage List.
Every year there are major music festivals and a beer festival here.
There is a university in the town, where more than 10,000 students study annually.
Nuremberg is about 90 km away.
