Two supermarkets and five stores in North Italy, 8.18% yield

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For this Property please contact: Alfiero Massimini

Telephone: +39 392 5071967
Skype:
Listing ID: ID-6998
Tenant: Eurospar + LD Discount
Break Option: Yes
Contract Type: Property Rent
Annual Rent Income: €253,533
Triple Net: No
Yield: 8.18%
Tot. Built sqm: 3,190
Loan/Leasing: 2.2 ML
Land Plot sqm: 7,619
Rent Contract Duration: 6+6
Vacancy: 0%
23 March 2015

Property description

Two supermarkets and five stores for sale in Northern Italy, fully leased to top tenants, generating € 253,533 annual rental income equal to 8.05% annual gross yield.

 

Two supermarkets and five stores in North Italy – Position

These two supermarkets and five stores for sale are located in Northern Italy, in areas with high population density and limited competition. Both pedestrian and vehicular accessibility of two supermarkets and five stores in Northern Italy is very easy being all properties in urban areas, easily accessible via major municipal roads. Contact us for further details!

 

Two supermarkets and five stores in North Italy – Clientele

The supermarket, the discount and the five stores for sale in Northern Italy are all well established and have a loyal clientele with high spending power.

 

Two supermarkets and five stores in North Italy – Tenancy

All two supermarkets and five stores in Northern Italy are rented at 100% and located in areas with a high percentage of population and a good commercial catchment area.

 

Two supermarkets and five stores in North Italy – Assets

These two supermarkets and five stores in Northern Italy comprise:

  • 1 supermarket + 1 Discount + 5 Stores:

    Full commercial building, located in the Veneto regions, in a major town in the province of Rovigo, developed on one level on the ground floor, with 1 supermarket + 1 discount + 5 stores.
    The supermarket is leased from 2009 to the company ASPIAG, which here has created a store with the brand ”EUROSPAR”, with a rental contract of 6+6 years.
    The discount is leased from 2009 to “LD DISCOUNT” (former GRUPPO LOMBARDINI).
    All 5 stores are leased with a rental contract of 6+6 years (one with effect from 2011 and four with effect from 2012).
    Total surface: approx. 3,190 square meters.

Three supermarkets and five stores in North Italy – Loans on Assets

On the two supermarkets and five stores in Northern Italy are active loans with a current balance of approximately 2.2 million Euros at very good condition (two points above the spread).

 

Two supermarkets and five stores in North Italy – Assets for Sale

The supermarket, the discount and the five stores in Northern Italy are sold together. Best solution is acquiring the owning company, which is a special purpose vehicle and owns this asset only.

 

NOTE #1situation updated to June 2017;

NOTE #2: the investor may invest in equity a small amount, € 902,000 and take over the leasing, which is self-liquidating (ie paid with rental incomes);

NOTE #3: leasing currently reimburses € 33,600 per year, given that Euribor rates are now lower than those agreed at the beginning of the contract (2 percentage points above the spread);

NOTE #4: in recent years have been carried out redesign and maintenance works amounting to € 212,506

NOTE #5: by acquiring the company shares, the investor saves VAT and has only 1,000 euro expenses for legal fees for the shares purchase.

 

Detailed information upon signing of Non Disclosure Agreement and Letter Of Interest (also non-binding). Contact us!

 

Contact us for this Property!

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Corso Silvio Trentin, 78-90, 30027 San Donà di Piave VE, Italia - Lat.45.630335; Long.12.566099200000053
La posizione è indicativa e non coincide con l'indirizzo dell'immobile

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