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Supermarket in Eastern Hessen with a 6,8% yield

2,510,000 €
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Total area: 1,437 m² Yield: 6.8%
  • Absolute return: 173,106 €
  • Land area: 7,194 m²
  • Built in 2006
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 100
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 4.8%

It is a supermarket in one of the towns of Eastern Hessen with a population of more than 5,000 people.

Description

The total area of a single-storey building is 1,437 m².

The plot of 7,194 m².

Supermarket was built in 2006.

There is parking for 100 cars.

The property is fully leased out to two tenants.

Financial performance

Absolute income is 173,106 €.

The current yield of 6,8%.

Tenants

The anchor tenant is a Penny-Markt, grocery chain founded in 1973.

The company employs more than 40,000 people and its annual turnover exceeds €10 billion.

The lease agreement is signed for 15 years until 2021 with extension options for 5x3 and 1x1 years.

The second tenant is beverage store.

The lease agreement is signed for 10 years until October 2016 with extension options for 5x3 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 6%.

The broker's fee of 4,76%.

Location

Supermarket is situated near the regional highway on the outskirts of the town.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Hessen
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