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2 500 000 €

Shop in Kassel, Germany, 1 100 m²
  • Shop in Kassel, Germany, 1 100 m² - picture 1
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  • Shop in Kassel, Germany, 1 100 m² - picture 1
  • Property ID on Prianproperty.com: 3383768
    Last update: 13.08.2024
    Number of views: 5397

2 500 000 €

Shop in Kassel, Germany, 1 100 m²

1100 sq.m 5.4% per year
Credit from 1.8 up to 2 % Business on sale

  • Property ID on Prianproperty.com: 3383768
    Last update: 13.08.2024
    Number of views: 5397

Specifications

Sale price 2 500 000 €
Price per square meter 2 272.73 €
Floor area 1 100 m²
Construction phase Off-plan
Facility completion deadline 1 кв 2022
Parking 77 places
Address Germany, Kassel
Business on sale

Finance

Profitability
Annual return 5.4 %

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

Annual income 135 000 €

Annual rental revenue, excluding operating expenses

Pay-off period 18.5 years

Rental income covers all the expenses in

Business expenses
Not included in the price
Commission fee 5.95 %
Tax 6 %
Notary Services 2 %
Credit conditions
Crediting assistance
Rate on credit from 1.8 up to 2 %
Finance leverage 50 %

Description

• A supermarket under construction in Hesse

• Construction completion date: 1st quarter 2022

• Leasable area: 1,100 sq.m

• Land area: 6,000 sq.m

• Rental income per year — 135 000 euros

• The tenant is a well–known German supermarket chain with more than 4,000 stores in Germany, part of one of the largest grocery retail concerns in Germany, founded more than 100 years ago.

• Lease agreement – tight for 15 years until 2037 with 3 extension options for 5 years each

Transaction costs are calculated individually.


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Representative

Elena Pinkhasik
Head of EU Direction
Languages: english
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Seller
Elena Pinkhasik Head of EU Direction

Intermark Global

Languages: english
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