Commercial property 1 050 m² in Lower Saxony, Germany

Germany Federal Land Lower Saxony Netto Supermarket (12.5 % per annum) Commercial building for long-term rental to the Netto-Markt network supermarket (Edeka group, Germany's largest food supplier, owns 85 % shares of Netto Marken-Discount). Netto is a reliable tenant: one of the largest retailers in Germany, 4,000 branches, an annual turnover of more than 11 billion euros. The lease is concluded until December 2026. Year of construction of the building: 2013 Location: a small town 30 km from Hanover. Object characteristic: Land area: 5903m2 Useful area of the building: 1050m2 Parking for 76 cars Year of construction: 2008 Good rental income per year: 120,840 € (7.9 % per annum brutto, 5.5 % per annum netto) It is possible to obtain a loan in the amount of 1100,000 € under 2 % per annum. Return on equity subject to the purchase of an object using credit funds: 12.5 % per annum Price: 1 631 340 €