Supermarket with a well-known chain tenant in Freiburg.
Description
Commercial space of about 900 m² on the ground floor of a residential building.
The annual income is 77,000 €.
The yield is 5%.
The property is fully let. The tenant is a German supermarket chain with over 4,000 grocery stores in Germany.
The lease agreement is valid until 2024 with the extension options 2x5 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5%.
The brokerage fee is 5% + VAT 19% (5,95% total).
The supermarket is located in a residential area in the northwest of Freiburg (7 km) with well-developed infrastructure and good transport links.
The city of Freiburg, with a population of 230,000, is the economic and cultural center of a region with an interesting history and numerous attractions.
Baden-Wurttemberg is a land in the south-west of Germany, on the border with France and Switzerland. The region has a developed economy and represents a local industry hub for advanced technology and scientific research.
