Property Detail

Office Centre in Linz for Sale, Net Yield = 8.4%

Office Centre in Linz for Sale, Net Yield = 8.4%

Property type: office centre
Purchase of established rental business

Location: Linz, Austria
• the property is conveniently located in Linz, close to the city centre
• Linz is the third-largest city of Austria and capital and largest city of the state of Upper Austria
• the population of Linz is over 200,000

Complete renovation: 2016

Lettable area: ca. 4,100 m2
Plot size: ca. 5,800 m2

Car parking facilities: ca. 3,600 m2

Number of tenants: 50+

Tenants: transport company, manufacturer of plumbing equipment, real estate agency, recruitment company, etc.

Occupancy: 90%

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

Possibility of renewal: YES
Rent Review: YES

Purchase price: 4,970,000 EUR
(+ closing costs)

Net Rental Income: 419,300 EUR per annum
(+ indexation linked to inflation)

Net Yield: 8.4% per annum

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/office-building-for-sale-in-linz-austria-06033546 06033546 Office Centre in Linz for Sale, Net Yield = 8.4%