A shopping center in Salzburg.
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.
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%.
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.
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 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.