Retail park with chain tenants in Bavaria.
Description
The total leasable area of the buildings is over 2,000 m².
Financial performance
The annual income is 84,500 €.
The yield is 3.7%.
Tenants
- A well-known chain of grocery stores with more than 1,300 branches in Europe. The lease was concluded until 2021. At the end of the contract, the tenant leaves the building.
- A well-known German chain of non-food stores with more than 2,000 branches in Europe. The lease was concluded until 2024 with the extension options of 4x3 years.
- A chain beverage store with over 200 branches. The new lease until 2030.
- A chain pharmacy. The lease was concluded until 2029.
Transaction costs
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
Location and nearby infrastructure
The property is located in Bavaria, in the suburb of Erlangen (15 km). The population of Erlangen is over 110,000 inhabitants.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
