+44 20 3608 1267
Store in Bavaria with a 7,2% yield

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Store in Bavaria with a 7,2% yield

1,550,000 €
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Total area: 1,319 m² Yield: 7.2%
  • Absolute return: 116,600 €
  • Land area: 6,038 m²
  • Built in 2006
  • 1-floor building
  • Renter: 100%
  • Minimum owner's capital: 775,000 €
  • Number of parking lots: 85
  • Most recent total renovation: 2015

It is a store in a small town in northern Bavaria.

Description

Single-storey modern building with total area of 1,319 m² was built in 2006.

The plot of 6,038 m².

The property is in good overall condition, the building was extended by 80 m² in 2015.

There is a parking for 85 cars.

The store is fully leased out to a major company.

Financial performance

Absolute income is 116,600 €.

The current yield of 7,2%.

Tenants

Tenant is NORMA Lebensmittel Handels Stiftung & Co. KG, a major grocery retail chain with more than 1,300 branches in Europe.

NORMA has been renting the building since 2006, but after the extension in 2015 the lease agreement was renegotiated for 10 years until 2025 with extension options 6x3 + 1x2 years.

Location

The store is located in the city center, just 200 meters from the town hall.

It is surrounded by houses, a gymnasium, and a hospital.

The property is the only grocery store in the city.

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