Permanently rented attic apartment for investment with a current return of 2.5%!

Project description

The property is a well-maintained corner building dating from 1990, offering a magnificent view of the Schubertpark opposite. The building comprises a ground floor, four upper floors, and an attic. A total of 19 residential units and 17 parking spaces in the building’s underground garage are available for sale.

Position

The building boasts a prime location in the 18th district, directly opposite the popular Schubertpark. Here you can enjoy the ideal combination of urban living and green recreation right on your doorstep.

A wide variety of shops, charming cafes, restaurants, and the traditional Kutschkermarkt are all within easy reach. Pharmacies, banks, and other local amenities are also quickly accessible – everything that makes daily life pleasant.

The connection to the public transport network is excellent: With the U6 “Währinger Straße”, the tram lines 40 and 41 and the bus lines 37A and 40A you can reach Vienna city center in a few minutes.

A location that combines urban comfort with a high quality of life – ideal for owner-occupiers as well as investors.
 

The layout of this spacious attic apartment is as follows:

• Entrance hall
• Guest WC
• Bathroom with bathtub
• Storage room
• spacious eat-in kitchen with kitchenette
• bedroom

A condominium rented out on an indefinite basis offers an attractive combination of immediate rental income, long-term planning security and tax advantages. 

• rented indefinitely
• attractive purchase price for future value increases
• regular income immediately after purchase
• Current net basic rent: EUR 773.91 / month
• current yield before ancillary costs of 2.5%
• Property value retention 
• Indexed rent adjustment
• tax advantages
• Upon vacancy of the apartment, adjustment to a market-compliant rent / increase in return on investment
• Perspective of personal use or profitable resale

This property is ideally suited as a medium- to long-term investment with solid development potential.

Please note: Due to the existing tenancy agreement, a viewing is currently not possible. We will gladly provide you with further information upon request.

Underground parking spaces can be purchased from €15,000 in the building’s own underground garage. 
 

extra costs

For the sake of clarity, we would like to point out that, unless otherwise stated in the offer, a commission is payable upon successful completion of the transaction. This commission corresponds to the rates stipulated in the Real Estate Brokerage Ordinance (BGBI. 262 and 297/1996) – namely, 3% of the purchase price plus 20% VAT. This commission obligation also applies if you pass on the information provided to you to third parties. There is a close business relationship with the seller.

The drafting of the contract and the handling of the escrow services are the responsibility of Dr. Christian Marth (Vavrovsky Heine Marth Rechtsanwälte), A-1010 Vienna, Fleischmarkt 1. The costs amount to 1.5% + 20% VAT + out-of-pocket expenses.

The intermediary is acting as a dual agent.

Contacts:
+370 688 00077
+370 676 26433
email: info@capitalrealting.com