Property Detail

Supermarket NORMA in the State of Brandenburg for Sale, Lease Agreement Ends 2028, Freehold

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%

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http://www.brantstone.com/property/supermarket-for-sale-in-brandenburg-germany-03023797 03023797 Supermarket NORMA in the State of Brandenburg for Sale, Lease Agreement Ends 2028, Freehold