Shop 3 952 m² in Csorna, Hungary

General information An operating shopping center in Western Hungary is offered for sale. The sale is carried out in the form of a share deal - the Hungarian Kft., owned by an Austrian holding company, is sold. The facility forms a stable income, has long-term lease agreements and significant development potential due to a large land plot. Location and infrastructure The property is located in the central part of Chorna, in a busy urban environment with high visibility and good pedestrian traffic. Within walking distance - shops, restaurants, banks, administrative institutions and public transport stops. The Chorn railway station provides regional connections, including the Gyor and Sopron directions. The bus network improves accessibility. The M85/M86 motorway provides fast road connections to Austria and regional business centres. Accessibility for low-mobility groups The building has an entrance at ground level and is equipped with an elevator, which provides the possibility of comfortable use for people with limited mobility. Full compliance with the technical standards of the barrier-free environment can be further checked during the inspection. Building and equipment The two-storey shopping center was overhauled and expanded in 2018 – an additional floor was built. Regular updates were made in the following years: • roof repair • renewal of the facade • Replacement of the heating system Main characteristics: • 11 commercial premises (10 leased) • 3 storage facilities • 2 service rooms 1 room in the basement • freight elevator 95 parking spaces (part can be used for development) Area of the plot: about 3,952 m2 Rentals and yields All tenants have contracts for a period of 5 years with the possibility of extension for another 5 years. The annual net rental income is 90,000–100,000 euros, which corresponds to a yield of about 3.2–3.5 percent. Development potential • Expansion of retail and service areas • Additional construction opportunities • Optimization of the composition of tenants to increase profitability Purchase price €3,000,000 (trading possible) plus 4% of agency fees, as well as legal and government costs. Note: The property is part of a portfolio of four commercial properties in Western Hungary. Purchase is possible both separately and in a single package. The package price for all four objects is 5.8 million euros (discussed). Inspection and further action Inspection can be arranged after receiving a letter of intent (LOI). We welcome your request and are ready to provide additional information.