Business centre 9,700 m² in Vienna

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.

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.

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

The expected yield is 5,7%.

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%).

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.