Tenanted old building apartment in Salzburg turn of the century villa Riedenburg

Spacious apartment on the second floor as an attractive investment opportunity

Property description

The offered apartment is located on the second floor of a city villa under preservation order dating from the year 1893. The building comprises only four residential units and was comprehensively renovated starting in 2015. In the course of these works, the historic building was complemented by an external stair tower with a modern elevator system, which replaces the internal access.

Layout and features

The apartment has a total usable area of around 117 m², which is divided into five rooms. During the renovation, the layout was optimized and the area of the former staircase of the unit was integrated as additional living space. The apartment offers a total of three outdoor spaces, including a main balcony newly constructed on the west facade during the renovation with about 10 m² and two smaller street-side balconies. The interior was newly adapted and furnished by the current tenant immediately before the building renovation. To protect privacy, no interior photos are published.

Economic aspects and tenancy

The property is currently rented on an indefinite term and represents an attractive opportunity for a long-term investment object. There is an oral, flat-rate rental contract, the agreed flat-rate rent is not value-secured (not indexed). Given the sought-after city location, the property features a very attractive purchase price. The costs for electricity and the gas heating are billed directly by the energy providers to the renting party and do not burden the building's operating cost structure.

The location – Very good location close to the old town

The property is located in Salzburg's district of Riedenburg and offers a very good location near the old town. The quiet surroundings, characterized by historic old buildings, offer a high quality of life. The historic old town is reachable within a few minutes on foot or by bicycle. In the surrounding major traffic arteries there is a very good infrastructure with local suppliers, medical practices and gastronomic offerings. In addition, several nearby bus lines ensure very good public transport connections to all parts of the city.

Facts & conditions at a glance

• Location: 5020 Salzburg (Riedenburg)

• Living usable space: Ca. 116,60 m²

• Outdoor spaces: 3 balconies (ca. 10,31 m², ca. 2,02 m² and ca. 1,96 m²)

• Rooms: 5 rooms

• Accessories: A basement storage room (ca. 5,00 m²)

• Parking space: 1 off-street parking space included in the purchase price

• Building: Built in 1893, comprehensive renovation since 2015, elevator available

• Rental status: Rented on an indefinite term (rental agreement flat-rate, not indexed)

• Heating: Gas-fired heating (direct billing by the tenant)

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

The broker acts as a dual agent.