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4 250 000 €

Shop in Munster, Germany, 1 200 m²
  • Shop in Munster, Germany, 1 200 m² - picture 1
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  • Shop in Munster, Germany, 1 200 m² - picture 1
  • Property ID on Prianproperty.com: 3068516
    Property ID on company's website: 2070
    Last update: 29.04.2024
    Number of views: 4015

4 250 000 €

Shop in Munster, Germany, 1 200 m²

1200 sq.m 5.55% per year

  • Property ID on Prianproperty.com: 3068516
    Property ID on company's website: 2070
    Last update: 29.04.2024
    Number of views: 4015

Specifications

Sale price 4 250 000 €
Price per square meter 3 541.67 €
Floor area 1 200 m²
Construction phase Off-plan
Facility completion deadline февраль 2020
Number of storeys 1
Parking 60 places
Address Germany, Munster
Location within the city

Finance

Profitability
Annual return 5.55 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 236 000 €

Annual rental revenue, excluding operating expenses

Pay-off period 18 years

Rental income covers all the expenses in

Business expenses
Not included in the price
Commission fee 7.14 %
Tax 5 %
Notary Services 1 %
Other expenses 0.5 %

Description

A new supermarket in Munster (North Rhine-Westphalia) is presented to your attention. The object is located in the center of a residential area on a large plot of land with an area of 6,625 sq.m. At the moment, the construction of the building is underway, the commissioning date is February 2020. There is a private parking for 60 cars near the building.

The tenant is the retail chain REWE, which is one of the top three discounters in Germany. The lease agreement is concluded for 15 years until 2034. The contract provides for 3 extension options of 5 years each, as well as the possibility of indexing the rent.

Cost — 4,250,000 euros
The total area is 1,200 sq.m.
Rental income — 236,000 euros/year
Profitability — 5.55%

The supermarket is located in the heart of the residential area. There are other chain stores in the immediate vicinity, which indicates a high interest of potential tenants in this particular area.

Munster is a city of land subordination in Germany, in the state of North Rhine-Westphalia. Munster is home to important judicial and administrative institutions of the State of North Rhine—Westphalia, including the Constitutional Court and the Supreme Administrative Court. The Catholic Bishopric of Munster, founded more than 1,200 years ago, is one of the oldest in northern Germany and plays a major role outside of Westphalia. The main employer organizations in Munster have never been industrial enterprises, rather educational and management institutions, including the university and the district administration. Therefore, Munster is often called the "desk of Westphalia". Munster also plays a much larger role in the area of trade in its region than other cities of the same size. Along with these industries, agriculture, especially in areas remote from the central part of the city, continues to play an important role in the city's economy.

If you are interested in this and other objects, you can submit a request. The employees of our company will contact you in the near future and will provide you with the objects corresponding to your request.

Don't miss the opportunity to purchase the new REWE supermarket in Munster!


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Representative

Igor Siebert
CEO
Languages: english, german
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Seller
Igor Siebert CEO

EW Real Estate

Languages: english, german
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