Hypermarket with a well-known tenant in Salzburg.
The total area of the premises is 13,411 m².
The net annual income is 349,000 €.
The net yield is 5.7%.
The land area of 16,612 m² is in use for a period of 80 years. The cost of the right to use is 451,000 € per year.
The property is fully let. The tenant is a large international non-food retailing company.
The lease agreement is valid until 2030 with extension options of 3x5 years. According to the agreement there is an indexation of the rental rate.
Brokerage fee is 3% + VAT 20% (total 3.6%).
The hypermarket is located in Salzburg, 4.5 km away from the historic city center. There are various chain stores and grocery discounters in the immediate vicinity.
Salzburg is a city in western Austria, the capital of the federal state of Salzburg. Salzburg is Austria's fourth largest city after Vienna, Graz and Linz.
Salzburg is located 145 km east of Munich, 300 km west of Vienna and just five kilometers from the German border.