New shopping mall in Upper Franconia

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New shopping mall in Upper Franconia

4,400,000 €
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Total area: 2,956 m² Yield: 7.0% Built in 2016
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Features
  • Operating Incomе: 307,968 €
  • Land area: 8,164 m²
  • 1-floor building
  • Occupancy: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

It is a brand new shopping center in a small town in northern Bavaria.

Description

The shopping mall has been finished in 2016.

The total area of 2,956 m².

The land area is 8,164 m².

The property is fully leased out to several tenants.

Financial performance

Absolute income is 307,968 €.

The current yield of 7%.

Tenants

The anchor tenant is grocery chain Norma, founded over 50 years ago.

Norma operates more than 1,300 stores, its annual revenue is about € 6 billion.

The lease agreement is signed for 12 years until 2028 with extension options for 6x3 years.

Other tenants: bakery, laundry, post office, drugstore.

The lease agreements are signed for 10 years each.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 3,57%.

More properties

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

You can see more supermarkets for sale in Bavaria elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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