Supermarket with a well-known chain tenant in Nuremberg.
The building with a total area of about 1,400 m² is located on a land plot with an area of 4,300 m².
The facility has been completely renovated.
The annual income is 210,000 €.
The yield is 4.3%.
The property is fuly let. The tenant is a well-known chain of grocery stores with more than 1,300 branches in Europe. The lease agreement is valid until 2034.
The second tenant is a bakery (about 200 m² + terrace). The lease agreement is valid until 2030.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The building is situated in the state of Bavaria, in Nuremberg. The population of Nuremberg is over 500,000 inhabitants.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.