New chain store with a long-term lease agreement, Vienna, Austria

Additional information is provided after the signing of an NDA

New chain store with a long-term lease agreement, Vienna, Austria

14,000,000 €
3,783 € /m²
Send a request
Send via email
  • Total area
    3,700 m²
  • Yield
    4.4 %
  • Rental rate (m²/month)
    13 €
  • Completion in
    2020.IV
Send a request
Send via email
Details
Property parameters
  • Leasable area: 3,300 m²
Financial performance
  • Annual income: 620,000 €
Tenants
  • Occupancy: 100 %
  • End of lease: 2040
Transaction costs
  • Broker: 3.0 %

New detached commercial building with the project for reconstruction and expansion of the area in one of Vienna's shopping areas.

Description

The shopping area is one of the largest in the city, there are shops of large chain tenants: McDonalds, OBI, Media Markt, Intersport, Möbelix, etc. There are also many other small shops.

The clients of this shopping center are more than 700,000 people living around the shopping area.

The useful leased area after reconstruction will be about 3300 m², the total area – about 3700 m².

The general contractor performing reconstruction works gives a guarantee for several years in accordance with the law.

The tenant will install all the necessary equipment and systems in the building.

Completion of the project and opening: November 2020.

Deal type: share deal/ asset deal, forward purchase (conditions as agreed by the parties).

Tenants

Tenant is a European chain of sporting goods stores with more than 1,500 stores in 49 countries.

The lease agreement will be signed very soon, the agreement is irrevocable and valid for 10 years, with a guarantee of 1.5 million euros + bank guarantee for 3 rents.

Rent: about 620,000 €/year in the first two years and about 660,000 €/year from the third year.

Location

The property is located in one of the largest shopping areas in Vienna.

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.

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

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

More properties

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

You can see more retail space for sale in Vienna 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.

Invest in development project

Send a request
    When you submit a request, you agree to our terms and conditions

    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

    Similar listings

    We select ads that may interest you.

    Enquire about this shop
    Sofia Bulanova
    Sofia Bulanova
    Investment consultant in Vienna
    +44 17 4822 0039
    Send a request
      When you submit a request, you agree to our terms and conditions
      • Bank financing from 2% annually
      • Property, plot and construction site survey
      • Management company services
      Call us
      Send a request
      Location choice
      • еще ...
      • City, Region, Country
      Loading...
      • Nothing found
      • Nothing found