Investment flat 3.5% yield near pedestrian zone

Excellent opportunity for investors - ca. 3,5% yield!

In a central location of Wiener Neustadt, there is a well-rented first-occupancy ground-floor apartment with its own entrance for sale!

The lease runs until July 2030 and currently generates a net annual rent of 8.481,60 EURO, i.e. it yields a net return of ca. 3,50%!

Note: The apartment is rented with 10% VAT - when rented by a small business owner (without VAT) the yield would be about 3,85 %

The apartment would also be suitable as an office or clinic.

The apartment has approximately 80 m2 of living space and is located in a completely renovated and expanded building about 2 minutes' walk from the pedestrian zone in the center near the former Klosterkirche St. Peter an der Sperr and only about 5 minutes' walk from the cathedral.

Several bus lines stop in the immediate vicinity and by bicycle the train station is only 5 minutes away.

The apartment has its own entrance.

It comprises:

• an open foyer with ca. 12,2 m2 transitioning into
• a living kitchen with ca. 17,20 m2
• a room with ca. 14,8 m2
• an atelier with ca. 23,9 m2
• a large bathroom with shower, washbasin, toilet and washing-machine connection with ca. 7,5 m2
• a corridor with ca. 3 m2
• a storage room with ca. 2,1 m2

There is also a ground-level storage room with ca. 2,6 m2.

Heating is provided by underfloor heating via district heating.

In the courtyard there are bicycle stands.

Current monthly costs: BK - 200,47 EUR net (220,52 EUR gross), RR - 42,12 EUR

The purchase price for the rented apartment is 242.331,- EURO

Note: Even if the ancillary costs are included at approximately 10%, the yield is notable at 3,182%!!!

The original year of construction for the property is listed in old documents as about 1920.

There is another well-rented apartment in the building for sale - more information about that here.

Costs when purchasing:

• 3,5% real estate transfer tax
• 1,1% registration fees
• approx. 1% contract drafting costs plus 20% VAT and possibly cash outlays and fees (with Notary Mag. Markus Schlager in Ebreichsdorf)
• 3% broker commission plus 20% VAT

I am happy to be available at [email protected] or 0699 19 47 90 03 for more information and a viewing appointment.

For the property, an energy certificate with reference number C and an HWB of 79 kWh/pm2a is available.

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be brokered.

The broker acts as a dual agent.