A supermarket of a well-known retail chain in Graz.
Description
A supermarket on the ground floor of a residential building.
The store is in good condition, undergoing maintenance.
The absolute annual income is 59,365 €.
The current yield is 4,6%.
The tenant is a well-known supermarket chain in Europe, owned by a large German company. The company has more than 13,000 trading platforms and 300,000 employees. The company's annual turnover is more than € 45 billion.
The lease agreement is indefinite (since 1992).
Brokerage fee is 3% + VAT 20%.
The supermarket is located in a busy street in the western part of the city of Graz. There is a bakery, a hairdresser, apartment buildings nearby.
Graz is the center of the state Styria in Austria. The city is the 2nd largest in the country. The population of Graz is more than 270 thousand.
The city has developed such types of industry as brewing, engineering, chemical, food and textile. The Graz International Fair is an important commercial and industrial event in Southeast Europe.
Graz is the city of students. There are 4 universities with total 55 thousand students here. There are 2 special higher educational institutions of polytechnic and economic areas in the city.
The center of the Old Town of Graz has been declared by UNESCO a world cultural heritage.
Every year at the beginning of autumn the Styrian Autumn Festival of Contemporary Art is held in Graz. This is the oldest art festival in Europe of our era (held since 1968).
