Supermarket in Saxony

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Supermarket in Saxony

1,926,000 €
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Total area: 1,589 m² Yield: 8.0% Built in 2014
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Features
  • Absolute return: 154,440 €
  • Land area: 4,865 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

It is a supermarket in one of the towns not far from Zwickau.

Description

This new supermarket area of 1,589 m² was built in 2014.

Plot of 4,865 m².

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

Financial performance

Absolute income is 154,440 €.

The current yield of 8%.

Tenants

Tenant is a major retail company NETTO.

The lease agreement is signed for 12 years until 2026 with an extension options for 6x3 years.

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 €.

Transaction costs

The broker's fee of 3,57%.

Real Estate Transfer Tax is 3,5%.

Notary fee of 1,5%.

More properties

If this property wasn’t for you, take a look at other retail space for sale in Germany.

You can see more retail space for sale in Saxony elsewhere on our website.

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Sofiya Bulanova
Sofiya Bulanova
Investment Consultant
+44 20 3608 1267
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