Lordelo Retail investment - Lordelo
Located in Lordelo, Paredes, in the North of Portugal, this retail property for sale is currently let to a leading private supermarket chain with hundreds of stores throughout Portugal. This award-winning supermarket is renowned for its fresh produce and ready meals.
Since April 2020, this supermarket for sale has been let to a blue-chip (AAA) tenant for a term of three years. The annual rent of this property is €162,500 (+ VAT) which means that this supermarket has a gross rental yield of 6%.
With an excellent tenant and a highly accessible location with plenty of parking and residential streets within walking distance, this commercial property for sale represents a stable investment even during these times of uncertainty.
- Selling price: €2,708,338
- Gross yield: 6%
- GLA: 1,235 sqm
- Duration: 3 years
- Lease end date: 30th April 2023
- Annual rent: €162,500
Home to over 10,000 inhabitants Lordelo is a parish located in the northern part of Portugal in the municipality of Paredes which has a population density of 500 per square kilometre.
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Managing Director, Portugal