Supermarket NORMA in the State of Brandenburg for Sale, Lease Agreement Ends 2028, Freehold
Property type: supermarket
Purchase of established rental business
Tenure: freehold
Location: the state of Brandenburg, Germany
• property is located in a town with a population of more than 17,000
Construction date: 1990’s
Latest renovation: 2015
Technical condition:
• property is in good condition
• additional investments in renovation or refurbishment are not required
Building size: ca. 1,700 m2
Area size: ca. 7,200 m2
Car parking facilities: 50 spaces
Anchor tenant: NORMA (supermarket chain)
Other tenants: game library, post office, etc.
Occupancy: 100%
Lease Agreement: until 2028
Possibility of renewal: YES
Rent Review: YES
Purchase price: 1,114,200 EUR
(+ closing costs)
Rental Income: 96,900 EUR per annum
(+ indexation linked to inflation)
Yield: 8.7%