Chain supermarket in the federal state of North Rhine-Westphalia.
Premises with a leasable area of about 1,000 m².
The annual income is 145,000 €.
The yield is 5.6%.
The property is fully let. The tenant is German supermarket chain with more than 4,000 grocery stores in Germany.
The lease agreement is valid until 2029 with the extension options 2x5 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 6.5%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the federal state of North Rhine-Westphalia, in a city of about 170,000 inhabitants on the border with Cologne. The center of Cologne is only 10 km away.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.