Attractive yield property with approx. 7.5% annual return – Commercial property with storage and deep-freeze storage areas 1230 Vienna, Austria (Wien)

Building and use

The property comprises two building structures that are not connected to one another (Hall 1 and Hall 2). A total of approximately 7,373 m² of usable floor space is available, consisting of production, storage and office space. The site is asphalted and offers sufficient maneuvering and parking areas.

The buildings were constructed using solid construction methods, have flat roofs and average, orderly fittings. The state of preservation is good for the age, with isolated signs of wear and visually outdated surfaces.

Income and yield information

The property is fully let and currently generates monthly net rental income of € 60,000,-, corresponding to annual income of € 720,000,-.

Tenancy

The entire property is currently fully let to an Austrian food wholesaler specializing in the storage and distribution of fresh and frozen goods.

The company generates annual sales of approximately € 8 million and uses the entire property as its central operating location.

Lease term

• Indefinite with mutual waiver of termination for 10 years
• Monthly net rent. € 60,000,-
• Annual net rent. € 720,000,-

Based on the current sales value of approximately € 9.9 million (let), this results in an attractive net yield of approx. 7.3% p.a..

Market value (according to the valuation report)

• Valuation Value
• Market value (let). approximately € 11,240,000,-
• Market value (vacant). approximately € 9,060,000,-
• Valuation date
• 19.12.2024

The contact person named in this listing is available to coordinate a viewing appointment and show you around the property.

The information about the property offered is provided with the care of a proper real estate agent; no guarantee is given for the accuracy of such information, which is based on information provided by those authorized to dispose of the property. The provisions of the enclosed Real Estate Agent Regulation apply; furthermore, the overview of the expected ancillary costs pursuant to the KSchG has been provided. Pursuant to Section 6 para. 4 third sentence MaklerG and Section 30b KSchG, the real estate agent points out an existing economic close relationship with the seller due to regular business activity. However, there is no corporate-law connection to the seller whatsoever. This offer is intended exclusively for the addressee. Disclosure to third parties is permitted only with our express consent provided in writing. Note: Since 1.1.2009, the seller or landlord of a property has been obliged to submit a valid energy performance certificate. If it is not submitted, an overall energy efficiency corresponding to the age and type of the building shall be deemed agreed. The broker, Boom Living GmbH & Co KG, acts as a dual agent.

The broker acts as a dual agent.