Property Detail

Portfolio of 11 Supermarkets in Germany for Sale, WAULT = 5.6 Years, ROI = 15.2%

Portfolio of 11 Supermarkets in Germany for Sale, WAULT = 5.6 Years, ROI = 15.2%

Property type: 11 supermarkets, to be purchased as portfolio
Purchase of established rental business

Location: Germany

• the portfolio provides a diversified investment opportunity, with locations in 9 federal states, albeit with 75% of rental income generated within the west of Germany
• the states: Lower Saxony (2 properties), Baden-Wurttemberg (2), North Rhine-Westphalia (1), Rhineland-Palatinate (1), Hesse (1), Saxony (1), Saxony-Anhalt (1), Thuringia (1), Brandenburg (1)

Total lettable area: ca. 21,300 m2
Total land area: ca. 59,400 m2

Total car parking facilities: ca. 800 spaces

Tenants: NORMA, EDEKA, LIDL
• these leading retail chains account for 91% of the rental income within the portfolio, offering strong covenants and a very high rate of collection

Occupancy: 95%

Weighted Average Unexpired Lease Term (WAULT): ca. 5.6 years

Possibility of renewal: YES
Rent Review: YES

Purchase price: 23,900,000 EUR

Bank financing: up to 70%
Interest rate: from 2,0%

Amount of investor’s own capital required: 9,655,600 EUR

Overall Rental Income: 1,980,000 EUR per annum

(+ indexation linked to inflation)

Yield: 8.3%

Return on investment (ROI): 15.2%
If using bank finance

Value-add potential:
Whilst all assets have stable income profiles, the portfolio comprises a number of value-add opportunities primarily through lease prolongations and re-letting of vacancies.

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http://www.brantstone.com/property/supermarkets-for-sale-in-germany-03023536 03023536 Portfolio of 11 Supermarkets in Germany for Sale, WAULT = 5.6 Years, ROI = 15.2%