- Vienna Shop 500,000 €
- Basic parameters
- Photo
№ 1,796,492
Commercial area in the center of Vienna, Austria
500,000 €
3,787 € /m²
- Total area 132 m²
- Yield 3.5%
- Lease term —
- Constructed 1900
Key project parameters
- Total area
- 132 m²
- Constructed
- 1900
Project description
A commercial area in a historic building in the center of Vienna.
Description
A commercial area on the ground floor of the building.
Benefits
- central location
- developed infrastructure
- capitalization growth potential
Tenants
- Agreement
- n/a
The tenant is a hairdresser.
The lease agreement is indefinite (since 1989), the indexation is provided.
Financial performance
- Yield
- 3.5%
The absolute annual income is 17,500 €.
The current yield is 3.5%.
Transaction costs
Brokerage fee is 3% + VAT 20%.
Location and nearby infrastructure
The property is located in the 8th district of Vienna, in a 5–10 minutes walk from the 1st district of Vienna (the Town Hall and the museum quarter).
Vienna is the capital of Austria. The population of the city is about 1,900,000 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.
The Old Town of Vienna and Schönbrunn Palace are listed as a UNESCO World Heritage Site.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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