Supermarket under construction in Baden-Württemberg

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Supermarket under construction in Baden-Württemberg

4,400,000 €
2,412 € /m²
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  • Total area
    1,824 m²
  • Yield
    6.0%
  • Built in 
    2017
Details
Property parameters
  • Land area: 16,000 m²
  • Number of parking lots: 70
  • 1 floor
Financial performance
  • Annual income: 267,460 €
Tenants
  • Fully let
  • End of lease: 2032
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.5% + VAT

It is a supermarket on the ground floor of the apartment building in the center of one of the cities with a population of about 20,000 people.

Description

The total area of the supermarket is 1,824 m².

The plot of 16,000 m².

The property is being built with the latest technology and is scheduled to completion by the end of 2017.

There will be parking for 70 cars.

The supermarket is already fully leased out to two tenants.

Financial performance

Absolute income is 267,460 €.

The current yield of 6%.

Tenants

The anchor tenant is Müller Drogerie, retail chain, founded in 1953.

The company's staff consists of more than 31,000 employees, its annual revenues exceed € 3.3 billion.

The lease agreement is signed for 15 years from the date of commissioning.

The second tenant is Ernstings Family, clothing store chain.

The lease agreement is signed for 10 years from the date of commissioning.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4.5%.

Location

Supermarket is located in the city center, next to the town hall, residential and office buildings.

Public transportation and railway station are in the immediate vicinity from the area.

The town is situated jast a dozens of kilometers from the border with Switzerland.

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in Baden-Württemberg.

All ads in the country: supermarkets for sale in Germany.

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