CBA SUPERMARKET – SIÓFOK
Location: 8600 Siófok, Petőfi sétány 20/A.
TENANT: CBA Széplak Kft.
CBA is one of Hungary’s major retail store chains, its main focus is in groceries and household goods. It has expanded its franchises beyond Hungary. The company started in 1992 with ten private entrepreneur’s 17 grocery stores. In 2005 CBA group became a franchise system. There are now over 3000 CBA stores nationwide, and over 7000 retail outlets in the Central-Eastern European region. CBA retail chain includes several different types of stores, with varying technological capacities, trade and business policies. Businesses vary in size and floor space from 50-80m2 specialist stores to several thousand square meter hypermarkets. With this in mind CBA might be considered the single retail market player most adapted to Hungarian shoppers’ needs as well as local market conditions.
(KEY SELLING POINTS)
- Located on the main avenue in Siófok
- 10 years fixed term contract
- Great location
- Good parking opportunities
- Potential further development opportunities
- Siófok is the summer capital of Hungary
The property is located on the main avenue along Lake Balaton in Siófok. Siófok has been the center of summer recreation on the southern shore of Lake Balaton, Hungary for a long time. Siófok is one of Hungary’s most popular holiday destinations, famous for its beaches and nightlife. Siófok is one of the richest municipalities of Hungary due to tourism. Hungarians often call the town “the capital of Balaton”, as it is the largest city on its shores and acts as the commercial and touristic hub of the region. The CBA Supermarket is only open in the high tourist season from May to October.
|THE PROPERTY IN NUMBERS|
|Property type||Retail supermarket|
|Total net floor area||707m2|
|Tenant||CBA Széplak Kft.|
|Start of lease||2017.|