Mixed-use building in Saxony-Anhalt.
Description
The building with a leasable area of 2,000 m²:
- supermarket — 1,100 m²
- outlet — 500 m²
- private doctor's office — 150 m²
- bakery — 250 m²
The property was renovated in 1994 and expanded in 2014.
There is a parking for 90 cars.
Plot area — 7,500 m².
Financial performance
The annual income is 97,050 €.
The yield is 6.2%.
Tenants
The property is fully let.
- The anchor tenant is a well-known supermarket chain with more than 1,300 grocery stores in Europe. The lease agreement is concluded till 2031 with 3x5 years extension options.
- Outlet. The lease agreement is concluded till 2028 with 2x5 years extension options.
- Private doctor's office. The lease agreement is concluded till 2025 with 2x3 years extension options.
Transaction costs
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
The property is located in the federal state of Saxony-Anhalt, in a town with a population of about 3,000 people.
Saxony-Anhalt is a state of Germany, bordering the states of Brandenburg, Saxony, Thuringia and Lower Saxony. Saxony-Anhalt is renowned for its rich cultural heritage and possesses the highest concentration of UNESCO World Heritage sites in Germany.
