Commercial property 235 m² in Helsinki sub-region, Finland

Finland Supermarket near Helsinki Commercial building, leased for long-term rental of a large grocery distribution network in Finland for a supermarket. A suburb of Helsinki. Year built: 1988 Land in ownership. Next door to the building are a restaurant (pizzeria, kebab, sushi) and residential buildings (townhouses). The supermarket building has a post office. The supermarket has been open since 1988, all lease agreements have been regularly renegotiated for the next 3 - 5 years. The current lease agreement with a large product network is valid for 5 years from 1.3.2016 to 28.2.2021. The tenant has already given his consent to the subsequent extension of the contract. The tenant is well aware that this supermarket is the only grocery store in this sleeping area, which consists of private residential buildings and tank houses, and is also located just 3 km from the famous golf club and the Ojakkala ski center. In 2015, cosmetic repairs were carried out in the building, a new waterproofing, tiles, and shower in the bathroom. Purpose of the commercial premises: grocery store, restaurant, retail. Building area: 235 m2 Gross income from rental per year: 43,366, 32 € (6.23% per annum) Utilities, including annual real estate tax and building insurance: 7 191 €/year Net income from rental per year: 36 175 € (5.2% per annum) Price: 695 500 € Purchasing costs: transfer tax: 13 910 €