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Property ID: 7795
Price: €1,585,000.-
The property is an approximately 2,671 -square-meter corner lot with two single storey retail properties.
The buildings are leased to two major tenants, a pet shop and a bakery. Special feature of the bakery is the drive-through counter. There are approximately 22 ground-level parking spaces available.
The pet shop is Germany's second largest retail chain for pet food and accessories. The company has signed a lease until June 2022. Furthermore, the tenant requested an option to extend the lease contract two times for another 5 years, which also has been agreed. For a space of around 440 m² the tenant pays a net rent of approximately € 57,514.00 per year.
The bakery has existed for over 120 years and has approximately 300 branches nationwide. The lease of the bakery ends in June 2020. Furthermore, the tenant requested an option to extend the lease contract one time for another 5 years, which also has been agreed. The net rent is approximately € 65,400.00 per year for a lettable area of approximately 164 square meters.
The property at the north-eastern outskirts of Berlin.
The property is located on a corner lot. The main road has a strong car frequency.
A medical center has been established at the neighboring property.

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