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Store in Wiener Neustadt with a 6,9% yield

5,000,000 €
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Total area: 2,294 m² Yield: 6.9%
  • Absolute return: 344,143 €
  • Land area: 677 m²
  • Built in 2010
  • Renter: 100%
  • Minimum owner's capital: 1,500,000 €
  • Loan size: 70% of the value of the object
  • Rate: 2.5%

It is a store in one of the historic towns of Austria.

Description

The floor area of 2,294 m².

Plot of 677 m².

Tenant renovated the building in 2010 and installed an elevator and 

escalator.

The object is already fully leased out.

Financial performance

Absolute income is 344,143 €.

The current yield of 6,9%.

Loan

There is a possibility to take a credit 70 to 80% of the cost with the rate about 2–2,5%.

Tenants

The tenant is H& M.

Perpetual lease contract, an agreement on the non-termination is signed until 2017, tenant wants to extend it.

Purchase costs regulated by law

  • Transfer tax 3.5 %
  • Agent commission 3.6 %(incl. VAT), for buy-to-let investors 3 %
  • Registration fee 1.1 %
  • Legal fees 1.2–2.4% (incl. VAT), for buy-to-let investors 1–2 %

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Natalya Latikova
Natalya Latikova
Real Estate Expert Tranio in Wiener Neustadt
+44 20 3608 1267
Free advice on real estate in Wiener Neustadt
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