Yield : 5.75%
This supermarket is located in Porto in Portugal and is currently let to a major privately owned supermarket chain with hundreds of stores across the nation. This award-winning supermarket is renowned for its fresh produce and ready meals.
– Selling price: €2,062,303
– Annual rent: €118,582 (+ VAT)
– Gross yield: 5.75%
– GLA: 1,560 sqm
– Duration: 4 years
– End of lease: 30th April 2024
– Deal type: Asset deal
This 1,560 sqm supermarket is currently let to an AAA client for four years and the lease is set to end on 30th April 2024. With an annual rent of €118,582 (+ VAT), this commercial property has a gross yield of 5.75%.
With a blue-chip tenant occupying the property and a convenient location, this supermarket represents a stable retail investment even in these times of uncertainty.
This supermarket is located in Porto which has a population density of 5,000 inhabitants per square kilometre, making it the third-most populous city in Portugal.
Named as the best European destination twice in the last five years, Porto is famed not only for its dramatic landscape overlooking the Douro River but also for its eclectic mix of historic and contemporary architecture. The fantastic Casa da Música is just as impressive and photogenic as the tile panels of São Bento Station. Porto has an inte...