Supermarket 2,600 m² in Athens

1,500,000 €

576 € /m²

Total area 2,600 m²
Yield 6.9%
Lease term 2032
Constructed —

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Key project parameters

Total area: 2,600 m²

Project description

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)

Tenants

Agreement: Yes
End of lease: 2032

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).

Financial performance

Yield: 6.9%

The absolute annual income is 103,200 €.

The current yield is 6,9%.

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Transaction costs

Notary — 1,5% + 24% VAT

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Brokerage fee is 5%.

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Location and nearby infrastructure

The property is located in the suburbs of Athens, near the airport.

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investment exit horizon: 2–3 years
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