Supermarket, Baden-Württemberg, Germany

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Supermarket, Baden-Württemberg, Germany

5,205,000 €
3,717 € /m²
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  • Total area
    1,400 m²
  • Yield
    4.5%
  • Built in 
    2023
Details
Property parameters
  • Land area: 4,500 m²
  • Number of parking lots: 60
  • 1-floor building
Financial performance
  • Annual income: 236,536 €
Tenants
  • Fully let
  • End of lease: 2038
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 5.0% + VAT

New supermarket in the federal state of Baden-Württemberg.

Description

The building with a total area of 1,400 m²:

  • retail space — 1,100 m²
  • utility rooms — 300 m².

Plot area — 4,500 m².

There is a parking for 60 cars.

Financial performance

The annual income is 236,536 €.

The yield is 4.5%.

Tenants

The property is fully let. The tenant is a well-known chain of grocery stores with several thousand branches in Europe.

The lease agreement is concluded till 2038 with extension options.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 6%.

Brokerage fee is 5% + VAT 19% (total 5.95%).

Location and nearby infrastructure

The property is located in the north-east of the federal state of Baden-Württemberg, in a town with a population of about 5,000 people.

Baden-Wurttemberg is a land in the south-west of Germany, on the border with France and Switzerland. The region has a developed economy and represents a local industry hub for advanced technology and scientific research.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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