Construction hypermarket, leased for a long term network Kingfisher.
Total area - 6 982 sq. m. land Area - 16 255 sq. m. Parking for 175. Kingfisher is the third company in the world and a leading company in Europe in sales of building materials and home products. The Kingfisher company was founded in 1982. She owns approximately 1176 stores in Europe and Asia under the brands B&Q, Castorama, Kostas, Hornbach, and Screwfix. The number of staff 79 000 people as of 2013. Turnover - 11,125 billion euros. Net profit of 746 million euros.
The cost of the hypermarket - 5 500 000 euros. The lease agreement was signed in August 2005 and is valid until August 2030. The contract of compulsory execution of the agreement until 2020, with prolongation scheme 2+2+2 year. Annual rental income is 550 000 euros + VAT. Profitability - 10% per annum. Investment profitability (leverage - 50 %) - 18,5 %. Tenant pays IBI, comunidad, basura. Documents ready to deal. Additional information is available upon request.
Asking Price Between $5,000,000 and $7,500,000
Sales Between $5,000,000 and $10,000,000
Profit Available On Request
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