New shopping center with well-known chain tenants near Vienna, Austria

Additional information is provided after the signing of an NDA

New shopping center with well-known chain tenants near Vienna, Austria

22,000,000 €
2,268 € /m²
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  • Total area
    9,700 m²
  • Yield
    5.7 %
  • Rental rate (m²/month)
    10 €
  • Completion in
    2020.II
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Details
Property parameters
  • Leasable area: 9,700 m²
Financial performance
  • Annual income: 1,250,000 €
Tenants
  • Occupancy: 60 %
Transaction costs
  • Acquisition tax: 3.5 %
  • Broker: 3.0 %

Shopping center under construction with long-term lease agreements on the border of Austria and Slovakia.

Description

The shopping center consists of two buildings with an area of about 6000 m² and 4000 m², there is parking in front of the center.

Construction work is underway, the center will be fully commissioned next spring.

There is a similar shopping center nearby which shows very good financial results.

Deal type: Share deal/ Asset deal, Forward purchase. Terms by agreement.

Financial performance

The expected annual income is 1,250,000 €.

The expected yield is 5,7%.

Tenants

Lease agreements with well-known tenants have already been partially concluded. Lease agreements are perpetual, tenants refuse to cancel agreements for several years. Most tenants are anchor and have a high degree of financial security.

Transaction costs

Acquisition tax is 3.5%

The fee for inclusion in the cadastral book is 1.1%

Brokerage fee is 3% + 20% VAT (in total 3.6%).

Location and nearby infrastructure

The property is located in a small town with a population of about 2 thousand people, 60 km from Vienna. The property is located near the border with Slovakia and Hungary, which ensures a constant flow of customers from Austria and neighboring countries.

Vienna is the capital of Austria with population of over 1,800,000 people.

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.

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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

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

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The best development offer

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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
    Sofia Bulanova
    Sofia Bulanova
    Investment consultant in Vienna
    +44 17 4822 0039
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