Income Producing Commercial Real Estate

Income producing, commercial real estate. Long term revenue, none speculative. The developer is searching to exit.

2 x Hypermarkets located in top 6 and top 10 cities in Bulgaria
Tenants: Well-known Western European Chain

Hypermarket 1

Land Plot: 30 500 sq.m.
Shopping area: 10 000 sq.m.
Gardening area 1 500 sq.m.
Offices 500 sq.m.
Open Parking Lots 316

Monthly Gross Rental Income 70 000.00 €
Gross income per annum 840 000.00 €
Property tax 6 050.00 €
Garbage fee covered by tenant
Insurance of the building 2 870.00 €
Non recoverable expenditures 1 000.00 €
Occupancy 100.00% one single tenant
Lease contract 10 years unbreakable plus 4 x 5 years extensions
• 50 % indexation Eurostat after the second year
• 4 months rent deposit as a guarantee

Hypermarket 2

Monthly Gross Rental Income 83 300.00 €
First Rent Due February 2012
Gross income per annum 999 600.00 €
Occupancy 100.00% one single tenant
Lease contract 10 years unbreakable plus 4 x 5 years extensions
• 50 % indexation Eurostat after the second year
• 4 months rent deposit as a guarantee

- Parent company guarantees
- Financing:
o Developers own capital
o UniCredit Bulbank Bulgaria
- Long term tenant contracts
- Annual gross Income from both hypermarkets = Euro 1 839 000.00
- Exit yield 9,0%. Acquisition price Euro 20 000 000.00.
- Corporate tax in Bulgaria 10% flat
- Due diligence can start immediately

2% commission on the sale price

All details will be given on the first meeting with the current owner/developer.