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14 000 000 €

Investment project in Vienna, Austria, 3 300 sq.m

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  • Property ID on Prian.info: 3332238
    Property ID on company's website: 1444
    Last update: 17.10.2023
    Number of views: 2371

14 000 000 €

Investment project in Vienna, Austria, 3 300 sq.m

3300 sq.m 4.75% per year
Business on sale

  • On the map
  • Property ID on Prian.info: 3332238
    Property ID on company's website: 1444
    Last update: 17.10.2023
    Number of views: 2371

Specifications

Sale price 14 000 000 €
Price per square meter 4 242.42 €
Floor area 3 300 sq.m
Construction phase Resale
Address Austria, Vienna
Location in suburbs

Business on sale


Finance

Profitability
Annual return 4.75 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Business expenses
Not included in the price

Description

Investment proposal

Purchase of a shopping center building with a long-term lease agreement with a Class A+++ tenant in the Stadlau shopping area g. Vienna, Austria

The Decathlon sports store building is offered for purchase in one of the largest shopping areas in Vienna – Gewerbepark Stadlau. On the territory of the shopping mall there are such large and well-known chain stores and companies as McDonalds, OBI, Media Markt, Intersport, Möbelix, BP, Tedi, Renault, Müller, C&A, Pagro Diskont, Eurospar, Hervis, Conrad, Ikea and many others.

Regular customers and visitors of the shopping area are more than 700,000 people living in the north-eastern part of Vienna and the suburbs.

The building was renovated in 2020. As part of the repair, an increase in the retail space was carried out with the replacement / modernization of communications and equipment. A long-term and irrevocable lease agreement on the part of the tenant with Decathlon has been concluded for 10 years. The official opening of the store took place in November 2020.

The first branch of the Decathlon network in Austria, also in one of the shopping areas of Vienna, was opened 5 years ago and is very popular with the residents of Vienna. The Decathlon network plans to open a number of branches in Austria in the coming years.

Building: usable leased area after reconstruction of about 3,300 sq.m., gross area of about 3,730 sq.m. Tenant: Decathlon Company is the world's largest retail chain, the number of branches of which is more than 1,500 worldwide. Decathlon is owned by the same owners as the Auchan supermarket chain. The annual turnover of the network exceeds 11 billion. euro.

General data:

- Usable area of about 3300 sq.m.
- The lease agreement has been signed, the lease agreement is irrevocable on the part of the lessee, for 10 years + 2 options for an extension of 5 years, with a guarantee of the concern for 1.5 million euros + a bank guarantee for 3 monthly rent.
- Rent: about 620,000 euros / year, from the fifth year about 663,000 euros / year.
- Opening: November 2020
- Yield: about 4.75% per year
- Cost: 14 million euros.
Transaction type: share deal / asset deal

Brokerage Commission: 3% of the property value + 20% VAT

Related expenses:

3.5% - tax on the purchase of real estate;
1.1% - fee for entering into the cadastral book;
Expenses for drawing up a purchase and sale agreement and conducting DD

Terms of purchase:

All the information provided is based on the data provided by the owner and his representatives. The information provided has been compiled with due competence and integrity. Responsibility for the completeness and correctness of the information provided in this memorandum, as well as for any other written or oral information transmitted to the interested party or third parties involved by him, both on the part of WESTINVEST and on the part of the seller is categorically and irrevocably excluded.

In other cases, the definitions of the Law on Brokerage Activities BGBl. 262/1996, as well as the Regulations of the Ministry of Economy on the Rules for the activities of Real Estate Brokers BGBl. 297/1996 apply. In relation to the seller, our company also acts as a broker and thus acts as a double broker.

In the interests of the seller, we ask for confidentiality and state that information about this property has been provided to the interested party for the first time by our company as part of our activities as a real estate broker. We ask you to conduct reviews and negotiations only through WESTINVEST. The transfer of this offer, including any information and documents to a third party, is allowed only with the written permission of WESTINVEST. The transfer of this offer to a third party without explicit permission leads to compensation for damages or payment of the brokerage commission in full. WESTINVEST's General Terms and Conditions of Transactions apply.

The seller is informed about the need to draw up an energy passport of the facility, in accordance with the Law on the Presentation of Energy Passports.

In order to avoid misunderstandings, we point out that in the case of concluding a purchase and sale agreement with respect to the object described in this section, the buyer pays a brokerage commission in the amount of 3% of the purchase price plus VAT determined by law when signing the purchase and sale agreement.

Investment proposal

Purchase of a shopping center building with a long-term lease agreement with a Class A+++ tenant in the Stadlau shopping area g. Vienna, Austria

The Decathlon sports store building is offered for purchase in one of the largest shopping areas in Vienna – Gewerbepark Stadlau. On the territory of the shopping mall there are such large and well-known chain stores and companies as McDonalds, OBI, Media Markt, Intersport, Möbelix, BP, Tedi, Renault, Müller, C&A, Pagro Diskont, Eurospar, Hervis, Conrad, Ikea and many others.

Regular customers and visitors of the shopping area are more than 700,000 people living in the north-eastern part of Vienna and the suburbs.

The building was renovated in 2020. As part of the repair, an increase in the retail space was carried out with the replacement / modernization of communications and equipment. A long-term and irrevocable lease agreement on the part of the tenant with Decathlon has been concluded for 10 years. The official opening of the store took place in November 2020.

The first branch of the Decathlon network in Austria, also in one of the shopping areas of Vienna, was opened 5 years ago and is very popular with the residents of Vienna. The Decathlon network plans to open a number of branches in Austria in the coming years.

Building: usable leased area after reconstruction of about 3,300 sq.m., gross area of about 3,730 sq.m. Tenant: Decathlon Company is the world's largest retail chain, the number of branches of which is more than 1,500 worldwide. Decathlon is owned by the same owners as the Auchan supermarket chain. The annual turnover of the network exceeds 11 billion. euro.

General data:

- Usable area of about 3300 sq.m.
- The lease agreement has been signed, the lease agreement is irrevocable on the part of the lessee, for 10 years + 2 options for an extension of 5 years, with a guarantee of the concern for 1.5 million euros + a bank guarantee for 3 monthly rent.
- Rent: about 620,000 euros / year, from the fifth year about 663,000 euros / year.
- Opening: November 2020
- Yield: about 4.75% per year
- Cost: 14 million euros.
Transaction type: share deal / asset deal

Brokerage Commission: 3% of the property value + 20% VAT

Related expenses:

3.5% - tax on the purchase of real estate;
1.1% - fee for entering into the cadastral book;
Expenses for drawing up a purchase and sale agreement and conducting DD

Terms of purchase:

All the information provided is based on the data provided by the owner and his representatives. The information provided has been compiled with due competence and integrity. Responsibility for the completeness and correctness of the information provided in this memorandum, as well as for any other written or oral information transmitted to the interested party or third parties involved by him, both on the part of WESTINVEST and on the part of the seller is categorically and irrevocably excluded.

In other cases, the definitions of the Law on Brokerage Activities BGBl. 262/1996, as well as the Regulations of the Ministry of Economy on the Rules for the activities of Real Estate Brokers BGBl. 297/1996 apply. In relation to the seller, our company also acts as a broker and thus acts as a double broker.

In the interests of the seller, we ask for confidentiality and state that information about this property has been provided to the interested party for the first time by our company as part of our activities as a real estate broker. We ask you to conduct reviews and negotiations only through WESTINVEST. The transfer of this offer, including any information and documents to a third party, is allowed only with the written permission of WESTINVEST. The transfer of this offer to a third party without explicit permission leads to compensation for damages or payment of the brokerage commission in full. WESTINVEST's General Terms and Conditions of Transactions apply.

The seller is informed about the need to draw up an energy passport of the facility, in accordance with the Law on the Presentation of Energy Passports.

In order to avoid misunderstandings, we point out that in the case of concluding a purchase and sale agreement with respect to the object described in this section, the buyer pays a brokerage commission in the amount of 3% of the purchase price plus VAT determined by law when signing the purchase and sale agreement.


Representative

Galina Balogh
manager
Languages: english
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