Chain supermarket in the suburbs of Hanover.
Description
Supermarket with an area of 1,000 m².
The annual net income is 50,000 €.
The net yield is 5.1%.
The property is fully let. The tenant is a well-known German supermarket chain with several thousand grocery stores in Germany.
The tenancy agreement has been concluded till the end of 2024.
Notary (state registration) is 1.5–2%.
Acquisition tax is 5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in a town of about 20,000 inhabitants.
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).