Property OverviewAvailable 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 & InfrastructureThe 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 & FacilitiesThe 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 systemKey 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 landPlot size: approx. 3,952 m²Letting & ReturnsAll 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 yieldPurchase PriceEUR 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 StepsA 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.