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

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

[ Note:
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