Shopping center, Vienna, Austria

Additional information is provided after the signing of an NDA

Shopping center, Vienna, Austria

7,000,000 €
1,901 € /m²
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  • Total area
    3,682 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    9 €
  • Built in 
    1993
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Details
Property parameters
  • Land area: 6,531 m²
  • Number of parking lots: 47
  • 1-floor building
  • 1 floor
Financial performance
  • Annual income: 424,424 €
Transaction costs
  • Acquisition tax: 3.5 %
  • Broker: 3.0 %

Shopping center in Vienna.

Description

A one-storey shopping center with parking.

Type of purchase: Share deal/ Asset deal.

In case of Asset deal 20% VAT is added to the value of the property (the tax can be returned).

Tenants

The shopping center is fully rented by two well-known Austrian companies.

The anchor tenant is one of the largest in Austria seller of bicycles and accessories for cycling with a turnover of about 7 million euros per year.

The lease agreement is valid until October 2022 and includes extension options for 5 years. The tenant has the right to terminate the agreement not earlier than December 31, 2019.

The second company is a part of a large holding company, which owns more than 140 stores of clerical and household goods in Austria.

The lease agreement is valid until August 2022 and includes extension options for 5 years. The tenant has the right to terminate the agreement not earlier than August 31, 2020.

Both contracts provide for annual indexation of rent.

Transaction costs

Fee for entering into the cadastral book is 1,1%.

Acquisition tax is 3,5%.

Brokerage fee is 3% + VAT 20% (total 3,6%).

The cost of ownership

The cost of maintenance is 12,500 euros per year.

Location

The property is located in a residential quarter of the southern part of Vienna on the central exit street with a large traffic flow.

There are food supermarkets, cafes, car dealerships, workshops, office buildings, elementary school on both sides of the street.

The distance to the center of Vienna is about 15 km.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
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Statistics in Vienna

Price per m², €
6,308
Healthcare efficiency level
80
Index 80 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
77
Index 77 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 6,308.13
Apartment in a bedroom community, m² 3,870.08
Transport Price, €
Public transport, 1 ride 2.4
Monthly travel card 47.0
Taxi, 1 km 1.3
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.58
Milk, 1 l 1.03
White bread, 500 g 1.77
Eggs, a dozen 3.11
Chicken fillet, 1 kg 9.84
Education Price, €
Kindergarten, per month 200.9
International school, per year 15,933.33
Health care index
Staff competence 82.74
Medical equipment 92.34
Research accuracy and completeness 82.11
Attitude towards patients 69.47
Security index
Crime rate 20.2
The risk of being robbed 19.13
The risk of car theft 19.75
The risk of break-in and property damage 28.48

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Austria.

You can see more mixed-use buildings for sale in Vienna elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this mixed-use building
    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Vienna
    +44 17 4822 0039
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