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Supermarket in Eastern Bavaria with a 6,8% yield

3,066,000 €
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Total area: 1,700 m² Yield: 6.8%
  • Absolute return: 211,434 €
  • Land area: 5,587 m²
  • Built in 2007
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 82
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 4.8%

It is a supermarket in one of the cities in Eastern Bavaria.

Description

The total area of a single-storey building is 1,700 m².

The plot of 5,587 m².

Supermarket was built in 2007 and is in excellent condition.

There is a parking for 82 cars.

The property is fully leased out to two major tenants.

Financial performance

Absolute income is 211,434 €.

The current yield of 6,8%.

Tenants

The first tenant is a grocery chain PENNY Markt, founded in 1973.

The company operates more than 2,200 stores in Germany and its annual turnover exceeds €10 billion.

The lease agreement is signed for 15 years until 2022 with extension options for 5x3 and 1x2 years.

The second tenant is a textile chain KiK Textilien Markt, which has more than 3,200 branches throughout Europe. The company's annual turnover exceeds €1,4 billion.

The lease agreement is signed for 15 years until 2022 with extension options for 6x3 and 1x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 4,76%.

Location

The property is situated on a retail thoroughfare, a few kilometers from the city center.

There is a major highway nearby.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
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