Supermarket, Baden-Wurttemberg, Germany

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Supermarket, Baden-Wurttemberg, Germany

2,800,000 €
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Total area: 1,880 m² Yield: 6.9% Built in 1985
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Features
  • Operating Incomе: 193,008 €
  • Land area: 3,325 m²
  • 1-floor building
  • Most recent total renovation: 2015
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 3.6%
  • Street retail

Supermarket in a single-storey building.

Description

Total area of the property is 1,880 m²

The building was renovated in 2015. All communications were replaced and the facade was refurbished.

Financial performance

Absolute annual income is 193,008 €.

The current yield of 6.9%.

Tenants

The tenant is a large supermarket chain.

The lease agreement is signed for a long term.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5.0%

The brokerage fee is 3.57%.

Location

The property is situated in the central part of the city, in the state of Baden-Württemberg. The population of the city is 93 thousand people. The city is located within 20 km away from Stuttgart and forms one agglomeration with it.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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