Commercial property 1 085 m² in Lower Saxony, Germany

Germany Lower Saxony Land, Hanover District.Spring Supermarket Penny Commercial building, long-term rental to the Penny supermarket (Rewe group) The facility is located in the center of Springe-Bennigsen, Hanover district, population 30 thousand.), near the railway station. Land area: 4850m2 Building area leased: 1085m2 Year of building: 2006 Number of parking spaces: 80 A lease agreement with a supermarket is valid from the day the building is completed and put into operation, the contract is concluded until 30.11.2021 with the option to extend 5 × 3 years. In addition to the supermarket, the building rents a bakery. The lease agreement with the bakery was extended in 2011 for 10 years - until 2021. Income from rental in the year: 135 360 € A loan of 1 100 000 € is possible at 2.8% per annum. Profitability of own invested funds, subject to a loan: 14.5% per year. Price of the facility: 1 581 000 €