Commercial property 3 735 m² in Hesse, Germany

Germany Land of Hesse. Dimelstadt (adm. Kassel County) New REWE Supermarket New Commercial Building (commissioning - January 2014.) leased to the REWE network supermarket. Location: g.Dimelstadt (population 6 thousand. person.) Land area: 18936m2 Commercial area leased: 1905m2 Type of heating: gas Area occupied by the supermarket: 1745m2 The lease agreement is concluded for 15 years with the right to extend 3 times for 5 years. The building also has a commercial premises of 1830m2, of which 160m2 have been commissioned, the rest of the area is currently without a tenant. Income from rental per year (incomplete occupancy of space): 302,400 € It is possible to obtain a bank loan in the amount of 2,300,000 € at 3.2% per annum Profitability subject to a loan: 9% Price: 4,150,000 €