New retail complex with two well-known chain tenants, Silesian Voivodeship, Poland

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New retail complex with two well-known chain tenants, Silesian Voivodeship, Poland

1,733,000 €
2,253 € /m²
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  • Total area
    769 m²
  • Yield
    7.1%
  • Rental rate (m²/month)
    14 €
  • Built in 
    2020
Details
Property parameters
  • Leasable area: 729 m²
  • Land area: 2,475 m²
  • Number of parking lots: 16
Financial performance
  • Annual income: 123,000 €
Tenants
  • Fully let
Transaction costs
  • Notary (state registration): 1.0%
  • Broker: 6.0%

New retail complex with two well-known chain tenants and long-term leases.

Description

Complex with a leasable area of 729 m²:

  • 389.4 m² chain store of cosmetics and household goods;
  • 339.4 m² chain electronics store.

There is an outdoor parking for 16 cars.

Financial performance

The annual income is 123,000 €.

The yield is 7.1%.

Tenants

The property is fully let.

The first tenant is a popular retail store chain that sells cosmetics, healthcare items, household products and food. The lease agreement is valid for 3 years with extension options of 2x3 years.

The second tenant is a well-known electronics store chain. The lease agreement is valid for 5 years with extension option of 1х5 years.

Lease: NNN Lease.

Transaction costs

Notary (state registration) is 0.5 – 1%.

Brokerage fee is 6%.

Location and nearby infrastructure

The supermarket is located near the large grocery store in a residential area of high density housing with a well-developed infrastructure. The public transport stops, schools and kindergartens are situated close to the property. The city is one of the biggest cities in Upper Silesia Region, one of the most important industrial centers of Poland. The population is more than 120 thousand people.

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    Marina Filichkina,
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