Supermarket with large retail tenants.
Description
The property includes two retail units.
The absolute annual income is 528,858 €.
Current yield is 5.5%.
Tenants are a chain of perfumery stores and related products for the home, with more than 3,000 branches and a large supermarket chain with more than 3,000 stores in Germany. The annual turnover of the company exceeds 51 billion euros.
Lease agreements are valid until 2025.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3,5%.
The brokerage fee is 4% + 19% VAT (in total 4,76%).
Nuremberg is the second largest city of Bavaria, it has a population of more than 500 thousand people. This is the largest economic and cultural center of Franconia and its unofficial ”capital“.
The Nuremberg region contributes to Germany's gross national product of 50 billion euros and it is the one of economically strongest regions of Germany.
Also, the city is a major junction of railways and highways.
