Retail Park with Development Potential for Sale in Romania

The property is located next to the E578 national main road, in the direct vicinity of two residental areas. Just 6 km from this end of Gheorgheni, the A8 East-West highway is under construction, connecting Cluj-Napoca and Moldava (Iasi). The completion of this section of the highway is planned for 2024-25. The agglomeration of the shopping center has a population of ca. 42,000 people. Gheorgheni is the central town of the tourist zone of the Killer lake and Frogs Canyon, with, in a wider area, the Bear lake in Sovata, the salt mines in Praid, as well as Baie Tusnád, Saint Anne lake, Baie Balvanyos. During the tourist season, the number of people in the agglomeration increases by 10-50,000 people. The property is located on 16,100 m2. It is equipped with complete infrastructure. Its surface is paved, on which there are 3 mono-block construction buildings. Total floor area of the buildings add up to 6,687 m2. Main building: 5,015 m2, plus side buildings: 778 m2 and 894 m2. Total rentable area in the buildings (corridors, staircases, bathrooms subtracted from the usable area) is 6,912 m2. Total leasable area in the yard: 905,38 m2. The number of long-term tenants is 23, including Supeco (Carrefour Cash&Carry Supermarket, 10 years contract), Jysk (10 years contract), SC Orange Romania (GSM Antenna 8 years). Sustainability: 235 kW/hour solar park operates on the roof of the building. The park was placed in operation in May 2023. Governance: The mall is operated by a management company with a headcount of 4: one managing director, reporting directly to owner and three maintainers (reporting to manager). All other functions are outsourced. Competition: Sláger dominates the market in Gheorgheni and its 90 km radius with no competition that provides entertainment in addition to shopping venues. The nearest similar complex is located in Targu Mures (100 km), Brasov (200 km) and Cluj (200 km).