Commercial in city Cologne
1337.00 sq.m.

€ 3 000 000

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Germany. Chain supermarket in Cologne
(long term lease).
Year built: 1975
Modernization: 2015
Land area: 2.412 sq. m.
Total area: 1.337 sqm
First floor: 1.121 sq. m.
Basement (storage) floor: 216 sq. m.
Modernization of buildings:
The building was completely renovated and modernized in 2015.
Upgraded Parking
Demolished the existing residential building
Completely redone sidewalk surface
Rebuilt entrance
Made canopy
Installed automatic door
Upgraded facade
New exterior stucco and coating of the entire facade
Fully modernized and replaced roof
Interior:
Replaced all the electrics, lighting and air conditioning and ventilation system
Installed new Windows and doors
Equipped warehousing facilities including refrigeration and freezer
Installed noise barrier (sound insulation)
Leased network supermarket Netto in 01.07.2015 with the main contract for 15 years before
30.06.2030 plus 3 x 5 year options of renewal.
Annual income: € 170.400,-
Price: € 3.000.000,-
Brokerage Commission: 5,95% (incl. VAT)
Yield: 5,7%
There is a choice of apartments and houses in various budget, including commercial facilities. There are rides for the selection and purchase of this and other properties.

Seller information

Seller type Agency
Company YouLand

Location of the property on the map

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