Plot of land with a supermarket project in Bavaria.
Description
The plot of land with an area of 6,000 m².
There is a development plan and a construction permit for an eco-friendly brick building with a total area of 2,500 m² and a retail area of 1,500 m².
Parking for 78 cars.
Completion — spring of 2024.
Expected annual rental income — 389,247 euro.
Expected yield — 6%.
Construction expense will be met.
The property is fully let.
The tenant is a well-known supermarket chain with more than 3,300 grocery stores in Germany.
The lease agreement is concluded for 15 years with 3x5 years extension options.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The supermarket is located in the federal state of Bavaria, in a town with about 15,000 inhabitants, less than 100 km from Munich.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
Tourism is one of the main sources of income for Bavaria. The annual number of tourists in Bavaria exceeds 34 mn people. The most popular places are the Bavarian lakes, the Alps, as well as the cities of Munich, Augsburg, Regensburg with their historical sights, museums, beer gardens, fairs and the famous Oktoberfest.
