- 27,285,000 €
- 4.7% yield
- Darmstadt Supermarket 5,900,000 €
- Basic parameters
- Photo
№ 2,254,112
Supermarket 2,300 m² in Darmstadt
5,900,000 €
2,565 € /m²
- Total area 2,300 m²
- Yield 4.0%
- Lease term 2037
- Constructed 2006
Key project parameters
- Total area
- 2,300 m²
- Number of parking lots
- 120
- Floors
- 1
- Constructed
- 2006
Project description
Shopping mall with a long-term lease agreement in the nearest suburb of Darmstadt.
Description
A building with a total area of 2,300 m² was built in 2006 and renovated in 2022.
Retail space — 1,900 m².
There is a parking for 120 cars.
Extra information
Car parks
Tenants
- Agreement
- Yes
- End of lease
- 2037
The property is fully let to three tenants.
The main tenant 1 (occupies an area of about 1,400 m²) is a well-known chain of grocery stores with several thousand branches in Europe. The lease agreement is concluded for 15 years with 3x5 extension options.
The tenants 2 and 3 are well-known German chain stores.
Financial performance
- Yield
- 4.0%
The annual income is 239,519 €.
The yield is 5.6%.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
Location and nearby infrastructure
The property is located in the district of Darmstadt, in a town with a population of about 30,000 people.
- Frankfurt am Mein — 30 km
- Darmstadt — 5 km
Darmstadt is the 4th largest city in the state of Hessen after Frankfurt am Main, Wiesbaden and Kassel.
About 161,000 people live in Darmstadt, and about 431,000 people live in urban agglomeration (according to Eurostat data).
The advantage of Darmstadt is a close proximity to Frankfurt Airport (the main transport hub of Europe) and the Frankfurt Fair (about 200,000 visitors and more than 2,400 exhibitors annually).
The main industries that determine the Darmstadt economy are: IT, chemical and pharmaceutical (plants of Merck KGaA), engineering and space technology.
There are numerous local research institutes in Darmstadt.
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Tranio helps to manage property after purchase
Our local team at Tranio in Germany will take up property management or recommend professional German partners.
The terms and conditions of our engagement depend on the condition and location of the property and are to be discussed in each particular case.
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Property maintenance and insurance
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Search for tenants, contracting, and control over rent collection
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Arrangements for bookkeeping and tax advice
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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