Chain hypermarket with long-term lease, Salzburg, Austria

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Chain hypermarket with long-term lease, Salzburg, Austria

4,230,000 €
1,166 € /m²
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  • Total area
    3,627 m²
  • Yield
    5.7%
  • Built in 
    1989
Details
Property parameters
  • Land area: 8,422 m²
Financial performance
  • Annual income: 243,000 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 3.6%

Hypermarket with a well-known tenant in Salzburg.

Description

The total area of the premises is 3,627 m².

Financial performance

The net annual income is 243,000 €.

The net yield is 5.7%.

The land area of 8,422 m² is in use for a period of 80 years. The cost of the right to use is 56,772 € per year.

Tenants

The property is fully let. The tenant is a large international non-food retailing company.

The lease agreement is valid until 2030 with extension options of 3x5 years. According to the agreement there is an indexation of the rental rate.

Transaction costs

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

Location

The hypermarket is located in Salzburg, 4 km away from the historic city center. There are various chain stores and grocery discounters in the immediate vicinity.

Salzburg is a city in western Austria, the capital of the federal state of Salzburg. Salzburg is Austria's fourth largest city after Vienna, Graz and Linz.

Salzburg is located 145 km east of Munich, 300 km west of Vienna and just five kilometers from the German border.

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

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