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Brand new trade complex in Hesse with a 6,4% yield

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Brand new trade complex in Hesse with a 6,4% yield

3,750,000 €
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Total area: 1,465 m² Yield: 6.4%
  • Absolute return: 241,693 €
  • Land area: 6,500 m²
  • Year of construction: 2017
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 90
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0%
  • Street retail
  • Development

It is a complex of two buildings in one of the suburbs of Kassel. Description

The total area is 1,465 m², of which:

  • 1,195 m² — supermarket;
  • 270 m² — fast food restaurant.

The plot of 6,500 m².

There will be 90 parking spaces in front of the compex.

Completion is scheduled for November 2017.

The property is already fully leased out.

Financial performance

Absolute income is 241,693 €.

The current yield of 6,4%.

Tenants

The anchor tenant is Netto, a subsidiary of Edeka Group, founded in 1984.

Netto has more than 4,000 branches throughout Germany, its staff exceeds 70,000 employees. Company's annual turnover exceeds €11 billion.

The other tenant is Burger King, on of the largest fast foor chains in the world.

Burger King has more than 34,000 employees and its annual turnover exceeds $4 billion.

Both lease agreements are signed for 15 years starting from the date of commission.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 5,95%.

Location

The propety will be the only grocery store in the area.

There is a gas station across the street and major industrial enterprise nearby.

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