Germany
The land of Lower Saxony, the Hanover district
of Springe
Penny Supermarket
Commercial building for long-term lease
Penny Supermarket (Rewe Group)
The object is located in the center of Springe (Springe-Bennigsen, Hanover district, population 30 thousand), next to the railway station.
Land area: 4850m2
Building area for rent: 1085m2
Year of construction of the building: 2006
Number of parking spaces: 80
The lease agreement with the supermarket is valid from the date of completion of the construction of the building and its commissioning, the contract is concluded until 30.11.2021 with an option to extend 5 × 3 years.
In addition to the supermarket, a bakery rents a room in the building.
The lease agreement with the bakery was extended in 2011 for 10 years - until 2021.
Rental income per year: 135,360€
A loan of 1,100,000€ is possible at 2.8% per annum
Return on own invested funds subject to a loan: 14.5% per year
The price of the object: 1 581 000€
