Renovated supermarket with a well-known retail chain tenant and a separate bakery in Bavaria.
Description
The total area of the property is 3,950 m², leasable area – 2,000 m².
The supermarket has existed since 2000 and has a large number of regular customers. Renovation of the building will give it a more modern appearance and will contribute to the expansion of retail space. Repairs will be completed in the third quarter of 2019.
The absolute annual income will be 212,000 €.
The yield after repairs wiil be 5,3%.
The anchor tenant is a large supermarket chain with several thousand stores in Germany. The company's annual turnover exceeds 10 billion euros. The lease agreement is valid for 15 years.
Another tenant is one of the largest baking chains in Germany with more than 100 stores. The lease agreement is valid for 5 years.
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 Баварии, in the city with a population over 300,000 people.
About 8,000 people live within a radius of 800 meters from the supermarket. Near the property there are schools, a stadium, tennis courts and a business complex with a total area of 20,000 m². Also there are two bus stops in a walking distance.
