Portfolio sale - Four rented condominiums

The subject of this investment memorandum is the sale as a package of four rented condominiums in a condominium complex in 2700 Wiener Neustadt.

The portfolio offers investors the opportunity to acquire an immediately income-producing residential portfolio with ongoing rental income. All apartments are rented and are located in a professionally managed property.

Package sale of four condominiums

• 100% rented - ongoing cash flow from closing
• Already legally partitioned condominiums
• Potential for later individual disposal
• Total living area: 217.29 m²
• Professional property management
• Solid maintenance reserve
• Historic townhouse in a central location
• Good lettability
• Long-term potential for appreciation

A portfolio consisting of four rented condominiums within a professionally managed condominium complex in a central location in Wiener Neustadt is offered for sale.

The portfolio comprises a total living area of 217.29 m² and currently generates annual actual net rental income of EUR 25.320. The purchase price is EUR 505.000, corresponding to a purchase price of approximately EUR 2.324 per m² of living area and a gross initial yield of 5%.

The portfolio combines ongoing rental income with the flexibility of already legally partitioned condominiums and therefore offers an attractive investment opportunity both for existing-property investors and for investors pursuing an active asset-management approach.

Investment figures

• Metric: Value
• Purchase price: EUR 505.000
• Number of residential units: 4
• Total living area: 217.29 m²
• Occupancy rate: 100%
• Actual net rental income p.a.: EUR 25.320
• Purchase price per m²: EUR 2.324
• Gross initial yield: 5.01%

Brodtischgasse 13 is located in a central location in Wiener Neustadt. The main square, with a wide range of shopping and dining options, can be reached in around three minutes on foot, and the main railway station in approximately twelve minutes on foot.

The subject of this sale comprises four already legally partitioned condominiums with a total living area of 217.29 m². All apartments are currently rented for fixed terms and are sold exclusively as a package.

The apartments are located in different parts of the building and, depending on the unit, have functional layouts with two rooms, a kitchen, bathroom and ancillary rooms. Each apartment has an assigned cellar compartment. In addition, common areas, particularly the attic, are available to the residents for shared use. A parking space in the inner courtyard complements the offer.

To support a comprehensive due diligence review, a structured digital data room is made available to prospective purchasers. It contains all currently available property-related, technical, economic and legal documents.

Access to the data room is granted exclusively to serious prospective purchasers and requires the confidential treatment of all information provided. As individual documents may contain personal data, users of the data room undertake to use all content exclusively for the purpose of the due diligence review, to treat it confidentially and not to disclose it to third parties.

The data room contains, in particular, the following documents:

• Land register extract
• Usable-value assessment
• Available rental agreement documents
• Operating cost statements
• Maintenance reserve statements
• Property management payment notices
• Property management forecast
• Plans
• Photographic documentation
• Further technical and legal documents

Notes

• All apartments are sold exclusively as a package.
• All apartments have an assigned cellar compartment.
• Common areas, particularly the attic, are available to the residents for shared use.
• The existing rental agreements and their legal structure are described in greater detail as part of the due diligence review and can be verified on the basis of the documents provided.
• Further information on the individual apartments, including photographic documentation, plans and property-specific documents, is available in the digital data room.

The agent acts as a dual broker.