Description
The supermarket with an area of about 1,100 m² is in good condition.
Plot area — about 4,600 m².
There is a parking for 60 cars.
It's possible to build a residential house with an area of about 2,100 m² on the plot.
The current annual income is 170,613 €.
The yield is — 2.8%.
In case of 6% Cape Rate the Gross Profit on cost will be 16.3%.
The property is fully let. The tenant is a well-known German grocery retail chain with several thousand stores throughout Germany.
The lease agreement is concluded till October, 2026 with 3x5 years extension options.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
The property is located in Treptow-Köpenik.
Berlin is the capital of Germany with the population more than 3.9 million people.
Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP.
Today Berlin is a world cultural center and one of the most visited cities on the continent. The annual number of tourists exceeds 30 million people.
Berlin-Brandenburg Airport serves over 20 million passengers annually.