DIY chain store in Bavaria.
Description
Building with a leasable area of about 2,000 m².
Financial performance
The annual income is 110,000 €.
The yield is 6%.
Tenants
The tenant is a DIY chain store with about 300 branches in Germany.
The lease agreement is valid until 2027 with the extension options 2x5 years.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 3.5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
Location and nearby infrastructure
The supermarket is located in the federal state of Bavaria.
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.
