General information
An existing shopping center in Western Hungary is offered for sale. The sale is being carried out in the form of a share deal for the sale of the Hungarian Kft., which is owned by an Austrian holding company. The property generates stable income, has long-term lease agreements and significant development potential thanks 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.
Shops, restaurants, banks, administrative offices and public transport stops are within walking distance.
Chorna railway station provides regional connections, including the directions of Győr and Sopron. An extensive bus network improves accessibility. The M85M86 motorway provides fast road connections to Austria and regional business centres.
Accessibility for people with limited mobility
The building has an entrance at ground level and is equipped with an elevator, which ensures comfortable use for people with limitedcompliance with the technical standards for a barrier-free environment can be additionally verified during inspection.
Building and equipment
The two-story shopping center was completely reconstructed and expanded in 2018 with the addition of an additional floor. Regular updates were carried out in subsequent years
roof repair
façade renovation
heating system replacement
Main Features
11 retail premises 10 leased
3 storage rooms
2 service rooms
1 room in the basement
freight elevator
95 parking spaces, part of which can be used for development
Plot area approximately 3,952 m²
Rent and profitability
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 approximately 3.23.5%.
Development potential
expansion of retail and service areas
additional construction possibilities
optimizing the tenant mix to increase profitability
Purchase price
€3,000,000 negotiable
plus 4% agency fee, as well as legal and governmentThis property is part of a portfolio of four commercial properties in Western Hungary. Purchase is possible either separately or as a single package. The package price for all four objects is 5.8 million euros is being discussed.
Inspection and further actions
An inspection may be arranged upon receipt of the LOI.
We will be glad to receive your request and are ready to provide additional information.
