Shop in Lower Austria

Auto parts store and car service with a well-know chain tenant.

Description

The building with a leasable area of 1,500 m². Plot area is approx. 4,000 m².

Deal Structure: Asset Deal.

The property is fully let. The tenant is a well-known chain of car shops and services with 600 branches throughout Germany and Austria.

The lease agreement is termless, but the tenant can't withdraw from the treaty till 2036. There is a warranty from the consolidation parent, which defends the owner from the tenant's pre-term withdrawal.

The tenant is responsible for all operational maintenance expenses.

The annual income is 214,560 €.

The yield is 5,2%.

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

The property is located in Lower Austria, in a city of about 50,000 inhabitants, in close proximity to the autobahn. Distance to Vienna is 50 km.

Lower Austria is a federal land in northeast Austria. The population of the land is more than 1.5 million people.

The administrative center of Lower Austria is the city of Sankt Pölten, whose population is 50 thousand people. Sankt Pölten is located 60 km west of Vienna.

There are such developed industries as winemaking and agriculture (42% of the federal land is occupied by agricultural areas), livestock and forestry. The metallurgical, food and chemical industries are also considered as developed industries. An oil field is located in the city of Schwechat, and the largest oil refinery in Central Europe is there.