Salling Group puts commercial property with great potential up for sale for DKK 55 million

On a highly visible corner plot at Viby Torv, a prominent commercial property with significant development and value-creation potential is being offered for sale. Since the early 1990s, the property has been an integral part of commercial life in Viby. First as Horsens Bolighus and, in more recent years, as ILVA, the address has been a well-known destination for customers from across the Aarhus area. The Salling Group now believes that the time is right to sell the property.

Klaus Bugge Andersen, Head of Property at Salling Group, says: “The property has been part of our portfolio for many years and has, over time, been home to strong retail concepts. We have continuously developed and optimised our property portfolio, and this sale is a natural step in that process. We see great potential in the property and look forward to finding a new owner who can build on the many opportunities the location offers.”

A historic retail destination with new prospects
The property was built in 1963 and modernised in 2015. It comprises approximately 7,800 m², of which approximately 2,276 m² is basement space, and is situated on a 7,140 m² site with around 70 parking spaces. ILVA currently occupies approximately 6,513 m² under a fixed-term lease that expires on 31 August 2027. A former grocery section is already vacant, and as the space can no longer be used for grocery retail, this opens the door to a wide range of alternative commercial uses.

According to Tonny Broberg, project director at EDC Erhverv Poul Erik Bech Aarhus, it is precisely this flexibility that makes the property particularly interesting: “It is rare for a property of this size, visibility and location to come onto the market. It can continue to function as a commercial property, but it also gives a new owner the opportunity to explore entirely new concepts. The combination of the existing infrastructure, the high visibility along Viby Ringvej and the ample parking spaces certainly provides a highly attractive starting point.”

Attractive location in the heart of a developing area
The property is well situated in Viby J in the southern part of Aarhus, just a few hundred metres from the area’s main hub at Viby Centret and Viby Torv, with a frontage – and therefore high visibility – onto the busy Skanderborgvej, which is one of the city’s main thoroughfares.

Tonny Broberg says: “The location is hard to beat. There is high visibility onto one of the busiest approach roads to Aarhus, excellent access and a large customer base right on the doorstep. Furthermore, the motorway ends just 500 metres from the property, providing perfect access. These are qualities that many businesses seek, whether they operate in retail, showrooms, offices or the service sector.”

Current opportunities and long-term development potential
The property is covered by Local Plan 971, which allows for commercial uses such as retail, offices, clinics, restaurants, cafés and service businesses. This offers great flexibility for a future owner, whilst the site also holds an interesting long-term development prospect should planning regulations change in the future.

Frank Jensen, partner and director at EDC Erhverv, Poul Erik Bech, says: “Investors and businesses are increasingly seeking properties that offer both strong short-term cash flow and the opportunity to create further value over time. Here, you have a distinctive property with a well-established location, flexible usage options and development potential that is hard to find in many parts of Aarhus. This makes it attractive to a wide range of buyers.”

Read more about the property: https://www.edc.dk/811002759/