High-Yield Shopping Centre in a Prime Downtow
Property Overview
Available for sale via share deal is a small, established shopping center located in Western Hungary. The sale comprises a Hungarian Kft. owned by an Austrian holding company. The property offers stable rental income, long-term leases and significant development potential due to the generous site area.
Location & Infrastructure
The shopping center is situated in a central downtown location of Csorna, in a busy urban environment with high visibility and solid pedestrian activity.
Shops, restaurants, service companies, banks, public buildings and public transport stops are all within short walking distance.
Csorna railway station provides regional connections to cities such as Győr and Sopron. A comprehensive bus network further enhances accessibility. Via the M85/M86 expressways, the location provides fast road access to Austria and regional economic hubs.
Accessibility (Barrier-Free Use)
The property features ground-floor access and an elevator, providing generally wheelchair-friendly usability. Full certification of barrier-free standards can be verified during an on-site inspection.
Building & Facilities
The two-story shopping center underwent extensive refurbishment and expansion in 2018, including the addition of an upper floor. Ongoing improvements ensure a modern and well-maintained state:
Roof renovation
Facade refurbishment
Replacement of the heating system
Key features:
11 retail units (10 currently leased)
3 storage rooms
2 staff rooms
1 basement room
Goods elevator
95 parking spaces, partly convertible into buildable land
Plot size: approx. 3,952 m²
Letting & Returns
All leases have an initial 5-year term with options for additional 5-year extensions.
Current net rental income: EUR 90,000 – 100,000, equivalent to a return of approx. 3.2 – 3.5 %.
Development Potential
Expansion of retail or service areas
Structural extensions
Optimization of tenant mix to increase yield
Purchase Price
EUR 3,000,000 (negotiable)
plus 4% agency fee, legal costs and statutory charges.
Note: This property is part of a portfolio of four commercial real estate assets in Western Hungary. Acquisition is possible individually or as a full package. The total package price for all four assets is EUR 5.8 million (negotiable).
Inspection & Next Steps
A site visit can be arranged upon receipt of a Letter of Intent (LOI).
We look forward to your enquiry and will gladly provide further information.
