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Supermarket in Upper Palatinate with a 6,8% yield

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Supermarket in Upper Palatinate with a 6,8% yield

2,525,000 €
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Total area: 1,610 m² Yield: 6.8%
  • Absolute return: 173,534 €
  • Land area: 6,200 m²
  • Built in 2012
  • 1-floor building
  • Renter: 100%
  • Number of parking lots: 65
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%

It is a supermarket for sale in one of the settlements with a population of more than 5,000 people in the North-Eastern Bavaria.

Description

The total area of a single-storey building is 1,610 m².

The plot of 6,200 m².

The property was built in 2012 and now is in excellent condition.

There is parking for 65 vehicles.

Supermarket is leased out to two tenants.

Financial performance

Absolute income is 173,534 €.

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 15 years until 2027 with extension option for 5 years.

The second tenant is a textile chain NKD.

NKD has more than 2,000 branches in Europe and its annual turnover exceeds €500 million.

The lease agreement is signed for 10 years until 2022 with extension options for 4x5 years.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 7,14%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Bavaria
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