Retail premises at the lower levels of the complex under construction in one of the developing central districts of Vienna.

Description

The project implies the construction of several multi-storey buildings, where apartment buildings and a large office building will be located.

The area of the premises is more than 3,500 m².

Deal type: Asset Deal/ Share Deal

Commercial premises in a residential complex:

• kindergarten
• several restaurants
• retail stores and grocery supermarket
• pharmacies
• medical center

Commercial premises are located on the ground and the first floors and are sold only in a package.

Long-term lease agreements are envisaged.

The rent for premises is 12 to 15 euros per 1 m² per month, depending on the tenant's.

Projected yield: 5%

Brokerage fee: 3% of the value of the object.

Related costs:

3.5% — real estate purchase tax;

1,1% — fee for cadastre entering;

Costs for drawing up a sales contract, due diligence costs.

The buildings are located in the business and residential part of the district, near two metro stations (about 5 minutes walk).

Around the complex there are several large office buildings, where not less than 6,000 people work.