Supermarket in the suburbs of Freiburg, Germany

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Supermarket in the suburbs of Freiburg, Germany

4,600,000 €
3,377 € /m²
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  • Total area
    1,362 m²
  • Yield
    5.3%
  • Built in 
    2003
Details
Property parameters
  • Number of parking lots: 51
  • 1 floor
Financial performance
  • Annual income: 244,359 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT

A retail units on the ground floor of the building.

Description

Total area of the supermarket is 1362.4 m².

The trade area is 797.7 m².

The warehouse area on the ground floor is 17.5 m².

The warehouse area in a basement is 286 m².

The area of the a commercial premises is 78 m².

The cost of the property includes a parking for 44 cars and an underground garage for 7 cars.

The building was built in the end of 2003.

Financial performance

Absolute annual income is 244,359 €.

The current yield of 5.3%.

Tenants

The anchor tenant is a supermarket chain (the lease agreement is valid through 2027).

The tenant of the commercial premises is a post office (the lease agreement is valid through 31/12/2019).

According to the lease agreement, tenants pay operating costs.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%.

The broker's fee of 3%.

Location and nearby infrastructure

The supermarket is located in the central part if the city in the suburb of Freiburg

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in Freiburg.

All ads in the country: supermarkets for sale in Germany.

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.

Find out more
  • icon Property maintenance and insurance
  • icon Search for tenants, contracting, and control over rent collection
  • icon Arrangements for bookkeeping and tax advice
Сonstruction loan as an alternative to commercial property investment

Developers with a good track record that give warranties or procure a record in the land register.

There is no need to incorporate a legal entity or open an account in Germany.

No extra charges to maintain or operate the property.

Comparing a supermarket purchase with a construction loan

Investment vehicle
Supermarket
Construction loan
Yield per annum
5.3%
8—10%
Investment budget
4,600,000 €
from 300,000 €
Buying expenses
10—15%?
  • 1 – 1,5 % — lawyer
  • 2,3 – 3,2 % — notary and state registration
  • 3,5 % – 6,5 % — acquisition tax
  • 3-6% + VAT — broker's fee

Percentage of the property value

0—2%?

The expenses on an independent legal review of the project

Investment term
from 5 years
to 3 years
Risk level
Low
Moderate
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