Rented 2-room Condominium in Krems – secure investment, rented until 2031

Well-maintained 2-room condominium on the ground floor of a renovated residential complex in a quiet location in Krems an der Donau. The apartment is rented out long-term and is therefore ideal as an investment property with stable rental income.

The apartment
Approximately 54 m² of living space, divided into 2 rooms, a kitchen, bathroom, separate WC, entrance hall and storage room. Ground-floor location with no steps, plus a private cellar compartment.

Features

• Fitted kitchen with electric stove, dishwasher and refrigerator
• Bathroom with washbasin, shower and bathtub
• Gas-fired individual central heating with separate consumption metering
• Plastic windows

Building and condition
The residential complex at Dr.-Gschmeidler-Straße 21–29 was renovated in 2014 and fitted with full thermal insulation – this is reflected in its good energy rating (HWB 49,2 kWh/m²a, Class B). Spacious green areas in the inner courtyard, residents’ cellar and laundry room.

As an investment
The apartment is rented on a fixed-term basis until 30.06.2031. The current rent is 890,- Euro per month, including operating costs (excluding electricity/gas). The buyer assumes the existing tenancy.

Operating costs 124,92 10 % = 12,49 137,41
Repair fund 54,62
Management fee 22,53 10 % = 2,25 24,78
Loan repayment (renovation) 46,14
Loan interest (renovation) 26,06 10 % = 2,61 28,67
Monthly gross total 291,62

Please note that a family or economic relationship exists between the agent and the third party to be represented.

The agent is acting as a dual agent.