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Store in a suburb of St. Pölten with a 7,1% yield

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Store in a suburb of St. Pölten with a 7,1% yield

2,500,000 €
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Total area: 1,170 m² Yield: 7.1%
  • Absolute return: 178,045 €
  • Land area: 3,979 m²
  • Built in 2000
  • 1-floor building
  • Renter: 100%
  • Loan size: 70% of the value of the object
  • Rate: 2.5%
  • Broker: 3.6%

It is a store located in a suburb of St. Pölten, in the center of the town with a population of approx. 10,000 people.

Description

The total area of the property is 1,170 m².

The plot of 3,979 m².

The building was constructed in 2000.

The property is fully leased out to two tenants.

The store is located on roundabout near the city center and is highly visible from the highway connecting Vienna and St. Polten.

Financial performance

Absolute income is 178,045 €.

The current yield of 7,1%.

Broker's fee of 3,6%.

Loan

There is a possibility to take a loan for 70–80% of property value.

The rate is 2–2,5%.

Tenants

There are two tenants.

The anchor tenant is Spar retail chain, founded in 1932.

Spar operates more than 15,000 retail units in 34 countries, the company's annual turnover exceeds €27 billion.

The second tenant is Admiral Entertainment.

Perpetual lease agreements.

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 Sankt Pölten
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