ItalianoTwo supermarkets and five stores in North Italy, 8.18% yield
Descrizione immobile
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 #1: situation 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!
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