Two supermarkets, Baden-Wurttemberg, Germany

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Two supermarkets, Baden-Wurttemberg, Germany

7,000,000 €
2,661 € /m²
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  • Total area
    2,630 m²
  • Yield
    5.0%
Details
Property parameters
  • Land area: 7,000 m²
  • Number of parking lots: 90
Financial performance
  • Annual income: 348,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 3.0% + VAT

Two detached buildings with retail premises.

Description

Total lettable area of the property is 2,630 m²

Area of the first building is 1,800 m²

Area of the second building is 830 sqm/

Buildings are situated on the same land plot with the area of 7,000 m²

The purchase price of the property includes a parking for 90 cars.

The property is under construction.

Financial performance

Absolute annual income is 348,000 €.

The current yield of 5%.

Tenants

The anchor tenant is a supermarket chain. The lease agreement is signed for 15 years and includes extension options for 3x5 years.

The second tenant is a store chain. The lease agreement is signed for 12 years and includes extension options for 4x4 years.

Tenants pay the costs related with the maintenance of buildings.

Transaction costs

Notary (state registration) is 1.5 – 2%.

Acquisition tax is 5%.

The broker's fee of 3%.

Location

The property is situated in the residential area of the city. The population of the city is about 30 thousand people. There is a railway station located within few minutes drive from the property.

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in Baden-Württemberg.

All ads in the country: supermarkets for sale in Germany.

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