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%.
Real Estate Transfer Tax is 3,5%.
Notary fee of 1,5%.
