Finland
Supermarket near Helsinki
A commercial building leased for a long-term lease to a large grocery retail chain in Finland for a supermarket. A suburb of Helsinki.
Year of construction: 1988
The land plot is owned.
Next door in the building there is a restaurant (pizzeria, kebab, sushi) and residential buildings (townhouses).
There is a post office in the supermarket building.
The supermarket has been open since 1988, all lease agreements were regularly renegotiated for the next 3-5 years. The current lease agreement with a large grocery chain 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. A good return to the tenant is ensured by the fact that this supermarket is the only grocery store in this residential area, which consists of private residential buildings and tanhouses, and is located just 3 km from the famous golf club and ski center Oyakkala.
In 2015, cosmetic repairs were carried out in the building, new waterproofing, tiles, shower cabin in the bathroom.
Purpose of the commercial premises:
grocery store, restaurant, retail.
Building area: 235 m2
Gross rental income per year: 43,366. 32€ (6.23% per annum)
Utility bills, including annual property tax and building insurance:7,191€/year
Net rental income per year: 36,175€ (5.2% per annum)
Price: 695,500€
Purchase costs:
transfer of ownership tax: 13,910€
