Shopping center with chain tenants in Burgenland.
Description
New shopping center with well-known chain tenants. The leasable area is over 4,000 m².
The complex has a car parking for ~ 150 spaces.
Financial performance
The annual income is 550,000 €.
The yield is 5,9%.
Tenants
The property is fully let. Tenants:
- chain of clothing and footwear stores with 500 branches in Europe
- branch of an Italian chain restaurants
- Austrian hunting chain
- gift shop
- chain of stores of footwear and bags with 800 branches in Europe
New long-term lease agreements have been signed. WAULT ~ 8 years.
Transaction costs
Brokerage fee is 3% + VAT 20% (total 3.6%).
Location and nearby infrastructure
The shopping center is located in the easternmost state of Austria — Burgenland.
