Supermarket with a tenant in Bavaria.
Description
Building of 1,200 m² is located on a land plot with an area of 5,000 m².
Annual rental income — 166,500 euro.
Yield — 4.6%.
The property is fully let.
The lease agreement is concluded for 8 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 the central part of a town with about 10,000 inhabitants, 70 km from Nurnberg and 110 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.
