Chain supermarket, Saxony, Germany

Shopping area with three grocery stores in Saxony.

Description

The total leasabke area of the buildings is more than 1,300 m²:

• chain supermarket
• butcher shop
• bakery

The premises are fully leased.

• The anchor tenant is a well-known supermarket chain with more than 10,000 grocery stores worldwide. The lease was concluded until 2032 with the extension options 3x5 years.
• Chain butcher shop. The lease was concluded until 2022 with an extension option for 3 years.
• Chain bakery. An open-ended lease.

The annual income is 147,000 €.

The yield is 5,3%.

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 3.5%.

Brokerage fee is 4% + VAT 19% (total 4,76%).

The property is located in the federal state of Saxony, in a town with a population of over 11,000 inhabitants. Distance to Zwickau — 35 km.

Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.

The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.

Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.

Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.