Commercial property 1 834 m² in Vienna, Austria

Austria, Vienna
Archive cost €2,50M
Sold or out of date
Updated at: 04/11/2023

Location

Country: Austria
City: Vienna

Property parameters

Total area: 1 834 m²

Description

Austria.Vienna Fitness Center in Vienna (6% per annum) Investment facility in Vienna with a valid lease. Tenant: one of the largest medium-budget mass networks of fitness centers in Austria, designed for a wide range of visitors. Managed by a network of more than 35 fitness centers in Central Europe. A subscription to visit the hall is purchased for a period of at least 1 year, the cost of the subscription is ≈ 20 € / month.  Visiting the center is possible on any day of the week, from 06.00 to 00.00 hours. Location: densely populated area of Vienna. The fitness center is very popular and characterized by high attendance. Building area: 1834m2 Lease agreement: valid from 1.09.2014 for 8 years + extension option 2 times for 5 years. Rental rate 6.8 € per 1 m2 of area / month. Rental income: per month: 12,471.2 € per year: 149,654.4 € Profitability ≈ 6% per year Payment to the building repair fund ≈ 1,730.4 € / month. (20 764.8 € / year) Price: 2 500 000 € Type of acquisition: asset deal.  When purchasing, 20% of VAT is added to the purchase amount (returned to the buyer). By agreement with the owner, VAT recounting is possible in the Austrian tax authority.   Purchase costs: 3% of the cost + 20% of VAT - agency remuneration 3.5% of the value - tax on the acquisition of real estate; 1.1% of the cost - fee for inclusion in the cadastral book; Costs of drawing up a contract of sale, expenses for conducting due diligence.

Location

Austria, Vienna