A supermarket with a famous retail chain tenant in the suburbs of Athens.
Description
The property includes:
- ground floor (850 m²)
- mezzanine (350 m²)
- basement (1400 m²)
Financial performance
The absolute annual income is 103,200 €.
The current yield is 6,9%.
Tenants
The tenant is a large supermarket chain of food products and consumer goods. The company has more than 14,000 employees. The annual income of the company is about 4 billion euros.
The lease agreement is valid for 20 years (since 2012).
Transaction costs
Notary — 1,5% + 24% VAT
Acquisition tax is 3,09%.
Legal services — 1.5% + 24% VAT.
Brokerage fee is 5%.
Location and nearby infrastructure
The property is located in the suburbs of Athens, near the airport.
