Commercial property in Hildesheim, Germany, 1 709 sq.m

The object is located in a small town. The tenant is the Penny-REWE retail chain. The lease agreement was signed until 2032, with no right to terminate until October 2022. REWE is one of the largest representatives of supermarket chains in Germany, with a turnover of more than 50 billion euros. The supermarket offers over 25,000 different products, including local products, organic products and Fairtrade products. Today, the supermarket chain has expanded to 3,300 branches throughout Germany. Location: Sölde is a commune in Germany, in the state of Lower Saxony. Part of the Hildesheim district. The population is 7914 people. Covers an area of 57.09 km². The official code is 03 2 54 032. The commune is divided into 9 rural districts

Rental income per year total - 209474 Euros

Current yield - 8.21%