It is a supermarket investment on the ground floor of the house in Berlin-Mariendorf. Description
The total area of the supermarket is 1,117 m².
The property was constructed in 1998. It was renovated in 2014 and now is in good overall condition, the tenant has invested 200,000 € in repair.
The property is fully leased out to anchor tenant.
Absolute income is 105,600 €.
The current yield of 6%.
The anchor tenant is Kaiser's-Tengelmann supermarket chain, a subsidiary of the Tengelmann Group.
The company owns 550 supermarkets in three regions of Germany and employs about 17,000 people.
Kaiser's-Tengelmann annual turnover exceeds €2,5 billion.
Tenant occupies the area since 1998, the lease agreement is valid until 2019 with the extension option for 5 years.
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 5,95%.