Supermarket with a well-known chain tenant.
Description
Building with a leasable area of more than 1,000 m².
The annual income is 130,000 €.
The yield is 5.8%.
The property is fully let.
The tenant is a retail grocery store chain with more than 4,000 supermarkets throught Germany.
The lease agreement is valid until 2022 with the extension options 2x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5%.
Brokerage fee is 6% + VAT 19% (total 7.14%).
The property is located in the federal state of Saxony-Anhalt.
Saxony-Anhalt is located in eastern Germany and has a population of around 2.19 million. The federal state borders on Lower Saxony to the west, Brandenburg to the east, Saxony to the southeast and Thuringia to the southwest. Saxony-Anhalt is renowned for its rich cultural heritage and has the largest concentration of UNESCO World Heritage Sites in Germany. Thanks to the chemical industry, Saxony-Anhalt attracts more foreign direct investment than any other state in East Germany.
