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Supermarket Penny
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The facility is located in the district Lüchow-Dannenberg. The area is part of the Lower Saxony and has a population of about 52 000 inhabitants. Lower Saxony in Germany takes the second place on the square after Bavaria. Lower Saxony's economy is mainly agricultural character, although it is also well-developed automotive, Volkswagen (VW) in Wolfsburg. 95 percent of oil and gas are produced in Germany in Lower Saxony.

Price 1 400 000 EUR
Plot area5.592 m2
Property area1015,0 m2
Year built2009
Number of parking spaces64
Rented outyes
Number of commercial units1
Rentable area1015 m2
Current year’s income117 700 €
Full year’s income117 700 €
Actual yield8.41%
Potential yield8.41%

Purchase costs
Notarization21 000 €
Purchase tax70 000 €
Brokerage commission (6% excl VAT)84 000 €
Total175 000 €
Property description:

Built in 2009. Lessee - heavy hitter Penny. Signed long-term lease until 2024 non-cancellable + extension option.

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