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Supermarket near the town of Lübeck
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Location:
Lubeck - a city in northern Germany, located in the southeast of the state of Schleswig -Holstein , on the Baltic coast , the second largest city after the capital of the earth - the city of Kiel . A population of about 214,000 people. Lubeck is known as the largest port in northern Europe . He connects Germany to Scandinavia , Russia and the Baltic States , and is the major economic , scientific, commercial and cultural center . Marzipan , Thomas Mann, Holstein Gate, the UNESCO cultural heritage - an association which is inextricably linked to Lubeck .

Price 1 400 000 EUR
Plot area5540 m2
Property area1470 m2
Year built1995
Number of parking spaces95
Rented outyes
Number of commercial units2
Current year’s income140 000 €
Full year’s income170 070 €
Actual yield10%
Potential yield12.15%


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

The building is leased by a large discounter Penny. The lease contract is signed till 2023. Penny is a discount supermarket chain based in Germany, which operates 3,550 branches in Europe. It is owned by Rewe Group. At the European market Penny is the third-biggest grocery discount. Throughout Europe more than 43,000 employees are occupied. Penny is present with his supermarkets in Germany, Italy, Hungary, Romania and Czechia. Penny offers currently an assortment of about 1,400 articles. Self-service meat, fresh cakes and pastries as well as newspapers and magazines also belong to it. Also there are Non Food articles, such as electrical appliances, clothes, household appliances, photo service, trips etc.) on offer.

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