Retail complex with two well-known chain tenants and long-term leases in Upper Austria.
Description
The complex was built in 2009. The gross leasable area of the premises is 1,381 m².
The net annual income is 216,000 €.
The net yield is 6%.
The property is fully let. The lease agreements are valid until 2029 without the possibility of termination.
The first tenant is a popular retail store chain that sells cosmetics, healthcare items, household products and food — 686 m².
The second tenant is the largest pet food chain store — 695 m².
Brokerage fee is 3% + VAT 20% (total 3.6%).
The shopping complex is located in one of the cities of Upper Austria along the federal highway in the retail park with famous retail chain tenants.
Upper Austria is one of the nine states or Bundesländer of Austria. Its capital is Linz. Upper Austria borders on Germany and the Czech Republic, as well as on the other Austrian states of Lower Austria, Styria, and Salzburg. With an area of 11,982 km2 and 1.437 million inhabitants, Upper Austria is the fourth-largest Austrian state by land area and the third-largest by population.
