A supermarket with a well-known retail chain tenant Edeka in Bavaria.
Description
A supermarket in the mall with a parking in front of the store.
The property undergone a complete restructuring and rehabilitation in the first quarter of 2019.
The total usable area is 882 m².
Benefits
- advantageous location
- reliable tenant
- 15 year lease agreement + extension options
- modern, well maintained property
- ample parking
The absolute annual income is 280,000 €.
The current yield is 5,0%.
The tenant is a large supermarket chain with more than 4,000 stores in Germany. The company's annual turnover exceeds 50 billion euros.
The lease agreement is valid for 15 years + extension options 3 x 5 years.
The lease agreement provides for the indexation of rent.
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 one of the ancient towns in Bavaria.
The population of the city is about 50,000 people.
The shopping center is located in a busy part of the town with a developed infrastructure, and has convenient access roads.
The town is known for its sights and traditions of brewing.
The Munich International Airport is about 30 kilometers away.
Munich is the capital of Bavaria with the population of more than 1.5 million people. This is the largest city in Bavaria and the 3rd in Germany (after Berlin and Hamburg).
Munich is a major industrial and research center, as well as the IT capital of Germany.
The Messe München is one of the largest in Europe exhibition center with 2 million visitors a year.
The average monthly income per capita in Munich is 1,600 euros.
The purchasing power (one of the highest in Germany, 50% higher than the average in Germany) — 28.920 €.
The unemployment rate does not exceed 5%.
Per capita income after tax (the highest in Germany) is 33.746 €.
GDP per capita is 60.084 €.
The real estate in Munich is the most expensive in Germany — € 4000–6000/ m² (in Berlin — € 2000/ m²).
