Penthouse apartment with balcony terrace and green views in Salzburg

Long-term investment apartment in Salzburg – high-quality furnished penthouse apartment with right of residence

This well-maintained 2-room penthouse apartment in Fasaneriestraße 31 in Salzburg is explicitly aimed at investors with a long-term horizon who wish to invest their capital in a real asset.

The apartment is located on the 5th floor of a residential building with a passenger elevator and has approximately 46 m² of living space. Particularly noteworthy are the generous open areas with balcony/loggia/terrace, the awning and external blinds, which further emphasize the living comfort.

The apartment has been equipped with a high level of quality and custom work. The kitchen is from HAKA and was renovated in 2009. All appliances are from Miele, including a Miele multi-steamer. The bathroom was renovated in 2010 and offers special equipment: The shower is also designed as an infrared cabin, the toilet has a shower function, and there is also a washing machine connection.

Important investments have also already been made technically and structurally. The windows were replaced with aluminum-plastic windows in 2009; in 2010 an FI circuit breaker was installed for the apartment. Oiled wooden floorboards in the living room create a warm living atmosphere. High-quality carpentry built-ins throughout the apartment create storage space, order and a very well-maintained overall appearance.

A parking space in the underground garage is also available and sensibly rounds off this offer in the city of Salzburg.

Sale exclusively as an investment apartment with right of residence

The apartment is not being sold for owner-occupancy. The current owners wish to continue living in the apartment and be secured by a lifelong right of residence.

This means: The buyer acquires the apartment as a long-term investment. Owner-occupancy or new rental is only possible after the right of residence has lapsed.

The economic advantage lies in the reduced purchase price. The starting point is a calculated total purchase price of € 285.000,-. The capitalized value of the right of residence is deducted from this.

The valuation of the right of residence was calculated on the basis of a fictitious monthly rent of € 1.000,-, an interest factor of 5 % and the present value factors for a lifelong advance annuity for women. This results in a value of the right of residence of € 146.502,-.

This results in the following calculated purchase price:

Total purchase price: € 285.000,-
minus value of the right of residence: € 146.502,-
calculated purchase price: € 138.498,-
rounded offered purchase price: € 139.000,-

Please note: The incidental purchase costs are based on the total purchase price of € 285.000,- and not on the calculated reduced purchase price after deduction of the right of residence. This point must be taken into account in the overall calculation of the acquisition.

For whom is this apartment interesting?

This offer is particularly suitable for investors who have their own funds and do not want their money to lie unused in the bank. It is not a property for buyers who wish to move in themselves in the short term, rent it out immediately or arrange classic financing.

This offer is interesting for people who think long-term, appreciate the location of Salzburg and are willing to wait for a later possibility of use. In return, they acquire a high-quality furnished apartment in Salzburg at a significantly reduced entry price.

A viewing is possible by appointment. We will be happy to explain the calculation of the right of residence as well as the framework conditions of this special investment offer to you in person.

Note: Sale exclusively as a long-term investment apartment with lifelong right of residence of the current owners – no owner-occupancy and no immediate rental possible.

The agent is acting as a dual broker.

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <750m
  • Clinic <1.250m
  • Hospital <1.000m
• Children & Schools
  • School <250m
  • Kindergarten <250m
  • University <1.000m
  • Secondary school <1.000m
• Local supply
  • Supermarket <250m
  • Bakery <500m
  • Shopping center <1.250m
• Other
  • Bank <500m
  • ATM <500m
  • Post <500m
  • Police <750m
• Transport
  • Bus <250m
  • Train station <1.000m
  • Highway access <1.250m
  • Airport <3.250m

Distance information as the crow flies / Source: OpenStreetMap