Our properties
Here are some of our properties
Investment Property on Askøy – Kiwi Supermarket and Car Dealership/Workshop
Off Market Eiendom is pleased to present an attractive commercial investment property in Storebotn Business Park on Askøy, approximately 20 minutes from Bergen city centre.
The property comprises two modern commercial property sections completed in 2018, with established tenants operating within grocery retail, car sales and automotive services.
Key highlights:
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Modern commercial property completed in 2018
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Located in Storebotn Business Park, Askøy
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Tenants: Kiwi / NorgesGruppen, car dealership and automotive workshop
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Total area: approximately 5,100 sq.m. GFA
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Kiwi rent: 3.5% of annual turnover
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Projected Kiwi turnover for 2026: approximately NOK 165 million
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Estimated annual Kiwi rent: approximately NOK 5.77 million
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Car dealership/workshop: indicated annual rent of approximately NOK 5.5 million
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Total indicated annual rent: approximately NOK 11.2–11.3 million
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Total asking price: approximately NOK 160 million
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Potential for rental growth through continued turnover growth at Kiwi
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Potential for new and/or longer lease agreements for the car dealership and workshop
Two modern retail/building materials buildings from 2022/2023
Commercial property – Tønsberg
Two modern building materials properties with long leases and stable cash flows.
The properties were built in 2022/2023 and have a total annual rent of approximately NOK 9.4 MNOK.
Long remaining lease term with CPI regulation provides predictable cash flow.
The properties are centrally located in Barkåker in Tønsberg municipality, only approx. 2 km from the E18 exit/onset and approx. 5 km from Tønsberg city center. The plot is 15,512 m2 and is leased from Stamhuset Jarlsberg for 100 years from 01.03.2015, with an annual lease fee of NOK 465,366.
The buildings will be constructed in 2022 and 2023, and investments have been made in modern technical solutions, including ENOVO systems, COREX systems and energy supply from a drilled well.
Key information:
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Building 1: 4,069 sq m, completed in 2022
Remaining lease term approximately 11 years, with option for 5 + 5 years on the same terms. -
Building 2: 2,013 sq m
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Remaining lease term approximately 12 years, with an option for 5 years on the same terms.
Both leases are regulated with 100% annual CPI adjustment.
Please contact us for further information and to arrange a viewing of the properties.
