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Supermarket in Lower Saxony
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Location:
The object is situated close to Hannover. Hannover is the capital of the federal state Lower Saxony with a population of over 500 000 people. The city is a major crossing point of railway lines and highways, as well as one of the most important industrial and commercial centers of Germany, known for hosting annual commercial trade fairs such as the Hanover Fair and the CeBIT. In 2000, Hanover hosted the world fair Expo 2000.
Hanover is also important because of its universities, medical school and its international airport.

Price 1 950 000 EUR
Sold
Plot area4000 m2
Property area1186 m2
Year built1996
Year of modernization2015
Rented outyes
Rentable area1186 m2
Current year’s income144 960 €
Full year’s income144 960 €
Actual yield7.43%
Potential yield7.43%


Purchase costs
Notarization29 250 €
Purchase tax97 500 €
Brokerage commission (6% excl VAT)117 000 €
Total243 750 €
Property description:

The facility is located in a small town in Lower Saxony. The object was built in 1996, full modernization of the building was carried out in 2015. The tenant is a grocery supermarket EDEKA. The lease Agreement until 2025 + extension option. The facility is located in the center of a small town.

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