New supermarket with a well-known chain tenant in Bavaria.
Description
Commercial space with an area of 1,300 m².
Opening date: IV quarter 2022.
The annual income is 160,000 €.
The yield is 4%.
The property is fully let. The tenant is a well-known German supermarket chain with more than 4,000 grocery stores in Germany.
The lease agreement is concluded for a period of 14 years with the option of extending 5x3 years.
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 a population of 3,000 inhabitants.
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.
