Supermarket with a long-term lease agreement, Vienna, Austria

Additional information is provided after the signing of an NDA

Supermarket with a long-term lease agreement, Vienna, Austria

2,000,000 €
2,886 € /m²
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  • Total area
    693 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    14 €
  • Built in 
    2000
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Details
Property parameters
  • Land area: 2,189 m²
  • Number of parking lots: 40
Financial performance
  • Annual income: 120,000 €
Tenants
  • Occupancy: 100 %
  • End of lease: 2027
Object status
  • Most recent total renovation: 2017
Transaction costs
  • Acquisition tax: 3.5 %
  • Broker: 3.0 %

A supermarket in 10 km away from the historical center of Vienna.

Description

The total land area is 2,189 m², the non-built-up area is 1,496 m².

Another building can be built/ attached on the plot (the base area is about 200 m², 2 floors previously, total — about 400 m² of extra space).

Deal type: Share deal (Asset deal is possible).

Equipment

  • ceiling height 3–5.2 m
  • combined gas heating system
  • air conditioning system

Benefits

  • possibility of increasing the commercial area (due to the construction of an additional building)
  • access to the warehouse for trucks
  • billboards on the facade of the building

Financial performance

The absolute annual income is 120,000 €.

The current yield is 6,0%.

Tenants

The supermarket is fully rented by a single tenant.

The lease agreement is valid from 05.2017 to 05.2027 (with the impossibility of exiting the lease agreement by the tenant).

The tenant is a well known in Germany and Austria retail chain with more than 120 partners and more than 330 branches. The company's turnover is about 300 million euros.

The lease agreement provides for the rent indexation (based on the 2015 index, annually, totally), the mortgage on the rent (36,000 euros, 3 months, bank guarantee).

Rental type: NNN Lease (the tenant is responsible for the internal equipment — timely maintenance and operation; the owner is responsible for the external elements of the building — facade, roof, etc.).

Transaction costs

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

Acquisition tax is 3,5%.

Brokerage fee is 3% + 20% VAT.

Location

The supermarket is located on a busy highway directly on the border of Vienna (in 10 km away from the historical center). There are gas stations and several stores nearby.

Vienna is the capital of Austria. The population of the city is about 1,900,000 people. Vienna is the fastest growing city in the German-speaking space.

Vienna is the 3d city-residence of the United Nations after New York and Geneva. There are the headquarters of such international organizations as OPEC and the OSCE here. Vienna 9 times in a row took the 1st place in the world for quality of life (Economist, 2018).

Public transport is well developed in Vienna, a chain of autobahns and railways connects Vienna with other cities in Austria and Europe. Schwechat International Airport is the largest in Central Europe, with more than 60 airlines from around the world registered, annually serving more than 14 million passengers.

The Old Town of Vienna and Schönbrunn Palace are listed as a UNESCO World Heritage Site.

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

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in Austria.

You can see more supermarkets for sale in Klosterneuburg 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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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Klosterneuburg
    +44 17 4822 0039
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