+44 20 3608 1267
Brand new supermarket in Lower Saxony

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Brand new supermarket in Lower Saxony

2,990,000 €
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Total area: 1,500 m² Yield: 6.6%
  • Absolute return: 196,380 €
  • Percentage of the rented area: 100%
  • Street retail

It is a new supermarket in one of the towns near Braunschweig in Lower Saxony.

Description

The new supermarket area of 1,500 m² has been completed in 2016.

The object is aldready fully leased to NETTO, the one of the largest retail companies in Germany.

The project of the property was created specifically for NETTO.

Financial performance

Absolute income is 196,380 €.

The current yield of 6,6%.

Tenants

Tenant is a major retail company NETTO.

The lease agreement is signed for 15 years until 2031.

Facts about NETTO:

  • NETTO is one of the major discount networks in Germany with an annual income of more than 10,000,000,000 €.
  • NETTO belongs to Germany's largest retailer EDEKA Gruppe, which annual revenues exceeding 45,000,000,000 €.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Lower Saxony
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