A building with commercial premises.
Description
The building was built in 1993 and completely renovated in the summer of 2016.
Absolute annual income is 82,680 €.
The current yield of 7.0%.
There is the possibility of obtaining a mortgage lending in the amount of 50% of the total value of the property at 2.8% per annum. The loan term is 11 years.
The anchor tenant is a large supermarket chain with over 3,000 stores in Germany. The annual turnover of the company exceeds 10 billion euros.
The lease agreement is valid through 2028 without right of dissolution.
Another tenants are a bakery and a butcher.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
The broker's fee of 6%.
The supermarket is located in a small town in the federal state of Saxony. The population of the town is more than 30 thousand people.
