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Supermarket in Stuttgart

1,838,000 €
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Total area: 821 m² Yield: 6.8% Built in 2004
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Features
  • Operating Incomе: 126,744 €
  • 3-floor building
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2018
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 4.8%

It is a supermarket with adjacent apartment in Stuttgart.

Description

The total area of the property is 821 m², 737 m² of which occupies the supermarket and 84 m² – the apartment.

The three-story building was constructed in 2004.

There is a supermarket on the ground floor, however, it takes several premises in the basement and on the first floor.

All areas are leased out.

Financial performance

Absolute income is 126,744 €.

The current yield of 6,8%.

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 lease agreement is signed for 14 years until 2018 with extension options for 2x5 and 2x3 years.

The apartment is leased out to a private person in perpetuity.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 4,76%.

Location and nearby objects

The property is located in North-Western Stuttgart.

There is a metro station nearby.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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