Supermarket in a building under construction, Munich, Germany

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Supermarket in a building under construction, Munich, Germany

15,800,000 €
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Total area: 2,874 m² Yield: 4.8% Completion in 2018.I
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Features
  • Operating Incomе: 752,520 €
  • 6-floor building
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2033
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

It is retail premises in the very heart of Munich.

Description

Total area is 2,874 sq. m.

Property situated in a new building, construction will be ended in 2018.

The supermarket is leased out to two major tenants.

Financial performance

Absolute income is 752,520 €.

The current yield of 4,8%.

Tenants

Anchor tenant is REWE Group — one of the largest grocery chains in Europe. The annual income of company exceeds more than € 50 billion.

Rented area is 2,000 sq. m., the lease agreement is signed for 15 years with extension options for 3x5 years.

Second tenant presented by DM-Drogerie — the largest german concern of drusg-store chain. In 2013 annual income of company exceeds € 6,4 billion.

Rented area is 874 sq. m., the lease agreement is signed for 10 years with extension options for 2x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 4,76%.

Location

Supermarket situated in the centre of Munich — third largest city of Germany with congenial investment climate. There are community amenities in proximity to the property, advanced public transportation.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services