It is retail premises for sale.
Description
Building area is 6,260 m²
The construction of property will be ended in December of 2016.
Supermarket is leased out to a single large tenant.
Financial performance
Absolute income is 468,300 €.
The current yield of 6,1%.
Tenants
The tenant is BayWa company — one of the biggest retail chains of construction materials and garden equipment in Europe. Annual turnover of company exceeds € 14,9 billion.
The lease agreement is signed for 15 years with extension options 3x5 years. Lease agreement states that there is an indexation of the lease payment.
Transaction costs
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4%.
Location
Property situated in town with population of 15 thousand people, in 50 km away from Nuremberg. The supermarket is close to motorway.
