£11,966,906 GBP | $14,907,119 USD
Type: Commercial-Retail
Floor area: 3700 m2
Date Built: New
Agent/Owner:
Cyprus Luxury Properties
Yiannis Panagides
Location: Cyprus
Speaks: English, Italian,Russian
Advert last updated: 4/25/2024
Avoid Fraud - Read our Disclaimer
Holprop LTD does not act as a broker or agent in anyway for any of the properties hosted/advertised on this website and we do not take or arrange bookings. The content information is provided by the Agent/Owner of the property. Any contractual arrangements regarding purchase or rental of any of the properties will be strictly between the property Agent/Owner
and yourself and does not involve Holprop Ltd. in any way.
It is the responsibility of the person proposing to rent or buy any property to satisfy themselves of the accuracy of the details before they proceed and the responsibility of the Agent/Owner to satisfy themselves as to the validity of any proposed renter/buyer. We are simply a hosting portal for individuals or companies to advertise their properties.
We do however reserve the right to remove any properties for any serious misrepresentations or unsatisfactory practices where we have received multiple complaints.
Report this advert
Commercial (Shop) in City Center, Vienna for Sale
A shopping center for sale in one of the largest shopping areas in Vienna, with 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.
More than 700,000 people living in the north-eastern part of Vienna and they are regular customers and visitors to the shopping area.
At the moment, a project is ready. A long-term lease agreement with one of the world's largest retail chains has already been signed for 10 years. The number of its branches is more than 1500 worldwide. The network's annual turnover exceeds 11 billion euro.
Building: useful area about 3700 sq. m.
The lease contract is signed for 10 years with a guarantee of the group € 1.5 million Bank guarantee for 3 month rent.
Rent: apx. 620,000 euros / year, from the fifth year about 663,000 euros / year.
Opening: November 2020
Yield: about 4.75% per year
Type of deal: share deal / asset deal, terms as agreed by the parties.
The construction / reconstruction permit has already been issued. At the same time, the General contractor provides a guarantee for construction work for several years in accordance with the law