Shopping center, Salzburg, Austria

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Shopping center, Salzburg, Austria

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  • Total area
    7,300 m²
  • Yield
    6.9 %
  • Rental rate (m²/month)
    16 €
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Details
Property parameters
  • Land area: 4,780 m²
  • Number of parking lots: 190
  • 2-floor building
Financial performance
  • Annual income: 1,460,000 €
Tenants
  • Occupancy: 94 %
Object status
  • Most recent total renovation: 2011
Transaction costs
  • Acquisition tax: 3.5 %
  • Broker: 3.0 %

A shopping center in Salzburg.

Description

A two-storey shopping center consists of two buildings and includes a two-level underground parking for 190 spaces (115 of them are rented for long-term rent).

The part of the building for sale is 51% of the total shopping center.

The management company is one of the largest holdings in Austria, which manages about 30 shopping centers in Austria.

Financial performance

The absolute annual income is 1,460,000 €.

The current yield of 6,9%.

The projected yield, in a condition that all premises are rented, will be 7,5%.

Tenants

The anchor tenants are large retail chains (clothes, footwear, manufactured goods), they occupy about 70% of leased space.

The WALT is 4 years.

374 m² of retail space and 113 m² of storage facilities are currently in the process of being transferred to the lease.

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%).

Location

The property is located in the center of Salzburg, the fourth largest city in Austria, with a population of more than 149,000 people.

The shopping center is characterized by high traffic of customers (about 5 million people a year).

The central historical part of Salzburg is listed as a UNESCO World Heritage Site and attracts numerous tourists.

Salzburg is located in 145 km to the east from Munich, in 300 km to the west from Vienna, and only in 5 kilometers from the German border.

  • Property on the map
    Location right down to the building, street or city

Statistics in Salzburg city

Price per m², €
5,800
Safely rate
82
Index 82 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 5,800.0
Apartment in a bedroom community, m² 4,033.33
Transport Price, €
Public transport, 1 ride 2.0
Monthly travel card 53.9
Taxi, 1 km 1.45
Petrol, 1 l 1.2
Food Price, €
Water, 1.5 l 0.77
Milk, 1 l 1.1
White bread, 500 g 1.87
Eggs, a dozen 2.76
Chicken fillet, 1 kg 10.0
Education Price, €
Kindergarten, per month 229.0
International school, per year 15,933.33
Security index
Crime rate 7.61
The risk of being robbed 11.96
The risk of car theft 11.96
The risk of break-in and property damage 26.09

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

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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 Salzburg city elsewhere on our website.

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Enquire about this mixed-use building
Julia Morozova
Julia Morozova
Project Manager at Tranio.Com Capital Markets Department
+44 17 4822 0039
  • Bank financing from 2% annually
  • Property, plot and construction site survey
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