Supermarket in Bayern

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Supermarket in Bayern

2,390,000 €
1,624 € /m²
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  • Total area
    1,471 m²
  • Yield
    7.8%
  • Built in 
    2010
Details
Property parameters
  • Land area: 12,556 m²
Financial performance
  • Annual income: 187,484 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.0% + VAT
Features
  • Street retail

It is a supermarket in one of the towns of Bayern.

Description

The supermarket area of 1,471 m² was built in 2010.

Plot of 12,556 m².

The anchor tenant expanded his trade areas in 2013 and due to this fact the lease agreement was resigned.

In 2013, the anchor tenant extends the trading area, in connection with what has been extended lease.

The object is already fully leased out to three tenants.

Financial performance

Absolute income is 187,484 €.

The current yield of 7,8%.

Tenants

Tenant is a retail chain Norma.

The lease agreement is signed until 2025 with an extension options for 3x5 years.

The second tenant is a bakery.

The lease agreement is signed for 10 years until 2020 with an extension options for 4x5 years.

The third tenant is a beverage store.

The lease agreement is signed for 10 years until 2020 with an extension options for 5x3 years.

Transaction costs

The broker's fee of 3%.

Real Estate Transfer Tax is 3,5%.

Notary fee of 1,5%.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Bavaria.

All ads in the country: retail space for sale in Germany.

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