- 27,285,000 €
- 4.7% yield
- Hannover Supermarket 12,271,000 €
- Basic parameters
- Photo
№ 2,299,937
Supermarket in Hannover
12,271,000 €
- Total area —
- Yield 4.0%
- Lease term 2038
- Constructed 1991
Key project parameters
- Leasable area
- 7,800 m²
- Number of parking lots
- 120
- Constructed
- 1991
Project description
Description
The supermarket with an area of about 7,800 m².
In 2023–2024 the tenant will renovate the unit at his own expense. The following works will be carried out:
- retail space modernization;
- warehouse extension;
- new transformer installation;
- facade renovation;
- asphalt coating renewal in the territory.
Extra information
Car parks
Tenants
- Agreement
- Yes
- End of lease
- 2038
The property is fully let. The tenant is a well-known German supermarket chain with more than 4,000 grocery stores in Germany.
The tenancy contract has been concluded till 2038 with 3x5 years extension options.
Financial performance
- Yield
- 4.0%
The annual income is 689,390 €.
The yield is 5.6%.
Transaction costs
Notary (state registration) is 1.5–2%.
Acquisition tax is 5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
Location and nearby infrastructure
The property is located in Hannover.
With a population of more than 500 thousand people, Hanover is on the 13th place in the country.
Hanover is one of the leading exhibition cities in the world. It hosts more than 60 international and national exhibitions every year. Hannover International Airport (9th largest in Germany) annually welcomes more than 5 million passengers.
Lower Saxony is situated in northwestern Germany. It is the second largest state and fourth largest in population (7.9 million).
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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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