Property Detail

Shopping Centre in a Suburb of Salzburg for Sale, Yield = 5.9%

Shopping Centre in a Suburb of Salzburg for Sale, Yield = 5.9%

Property type: shopping centre
Purchase of established rental business

Location: suburb of Salzburg, Austria

Complete renovation: 2013

Lettable area: ca. 6,100 m2
Plot size: ca. 5,600 m2

Car parking facilities: 140 spaces

Number of tenants: 13

Occupancy: 90%

Lease Agreements: from mid- to long-term lease agreements

Possibility of renewal: YES
Rent Review: YES

Purchase price: 16,000,000 EUR

(+ closing costs)

Rental Income: 936,200 EUR per annum
(+ indexation linked to inflation)

Yield: 5.9%

Share Deal only:

• acquisition of the shares of the company that owns the property
• in case of Share Deal there is no obligation to pay property transfer tax

Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial spaces.

Property Contact

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http://www.brantstone.com/property/commercial-property-for-sale-in-salzburg-austria-06023543 06023543 Shopping Centre in a Suburb of Salzburg for Sale, Yield = 5.9%