Property Detail

Supermarket NORMA in the State of Bavaria for Sale, Lease Agreement Ends 2024

Supermarket NORMA in the State of Bavaria for Sale, Lease Agreement Ends 2024

Property type: supermarket
Purchase of established rental business

Location: the state of Bavaria, Germany
• property is located in a town with a population over 10,000
• close to the town centre
• convenient location on a busy street

Construction year: 2007

Lettable area: ca. 1,000 m2
Land area: ca. 4,500 m2

Car parking facilities: 60+

Anchor tenant: NORMA (supermarket chain)

Occupancy: 100%

Lease Agreement: until 2024 (+ renewal options 3x4 years)

Possibility of renewal: YES
Rent Review: YES

Purchase price: 1,850,000 EUR

(+ closing costs)

Rental Income: 145,650 EUR per annum
(+ indexation linked to inflation)

Yield: 7.9%

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http://www.brantstone.com/property/commercial-property-for-sale-in-bavaria-germany-03023539 03023539 Supermarket NORMA in the State of Bavaria for Sale, Lease Agreement Ends 2024