Supermarket with a well known retail chain as a tenant, Rhineland-Palatinate, Germany

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Supermarket with a well known retail chain as a tenant, Rhineland-Palatinate, Germany

1,480,000 €
1,147 € /m²
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  • Total area
    1,290 m²
  • Yield
    8.1%
  • Built in 
    1994
Details
Property parameters
  • Land area: 8,654 m²
Financial performance
  • Annual income: 120,000 €
Tenants
  • No tenants
  • End of lease: 2021
Property status
  • Most recent total renovation: 2006
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0% + VAT

A supermarket with a well known retail chain as a tenant in the land of Rhineland-Palatinate.

Description

A one-storey commercial building with a retail area 1000 m².

Financial performance

The absolute annual income is 120,000 €.

The current yield is 8,1%.

Tenants

The tenant is a large chain of grocery supermarkets, with more than 10,000 stores in more than 25 countries. The company's sales exceed 85 billion dollars. The number of employees is more than 300,000 people.

The lease agreement is valid until 28.02.21.

The extension of the lease is currently at the negotiation stage.

Transaction costs

Notary (state registration) is 1,5 – 2%.

Acquisition tax is 5,0%.

Brokerage fee 6% + 19% VAT (in total 7.14%).

Location

A supermarket is located in one of the communes in Rhineland-Palatinate.

There is a supermarket Edeka, a bus stop, a cafe nearby. There are kindergartens, schools, a college, an outdoor swimming pool in the commune.

Rhineland-Palatinate — the land in the south-western part of Germany. The capital is the city of Mainz. The population of the region is more than 4 million people.

Rhineland-Palatinate is ahead of all German lands in terms of export. Important sectors of the economy are the winemaking, chemical, pharmaceutical industry and the production of auto parts. The main employer is the chemical and processing industry, which is represented by BASF in Ludwigshafen. There is the Gas Industry Training Center (jointly with OAO Gazprom) in Rheinland-Pfalz.

Forests occupy about 42% of the entire Rhineland-Palatinate (the largest biosphere reserve in Central Europe).

Rhineland-Palatinate is the largest wine region in Germany (there are 6 of the 9 wine-growing regions of Germany here).

The region is attractive for tourists due to a large number of museums, castles (over 200), churches, exhibitions.

The list of world cultural heritage of UNESCO includes 4 landmarks of the Rhineland-Palatinate.

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in Rhineland-Palatinate.

All ads in the country: supermarkets for sale in Germany.

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