Supermarket in a brand new building in the center of Berlin

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Supermarket in a brand new building in the center of Berlin

7,600,000 €
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Total area: 1,097 m² Yield: 5.0% Built in 2016
  • Absolute return: 380,000 €
  • 1 floor
  • Percentage of the rented area: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%

It is a supermarket on the ground floor of the newly built house made by the famous architect.

Description

The total area of the property is 1,097 m².

It is located in a new building which is scheduled for completion in autumn 2016. The project features high-quality modern materials and unique asymmetric design.

Supermarket is already fully leased to a major tenant.

Financial performance

Absolute income is 380,000 €.

The current yield of 5%.

Tenants

The anchor tenant is Edeka, the largest German supermarket corporation.

Edeka was founded in 1898, is employs more than 250,000 people. Annual revenue exceeds €45 billion.

The lease agreement is signed for 15 years from the date of commission with extension options for 3x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 5,95%.

Location

The property is situated in the historical center of Berlin near to the luxury residential complex and other large developments.

Public transportation, metro stations, shops, cafes and restaurants are within the walking distance.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Mitte
+44 20 3608 1267
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