4 Zimmer-Wohnung mitten in Oberndorf bei Salzburg | BAUBEGINN ERFOLGT

The project is already under construction!

This dreamlike and completely brand-new 4-room apartment in the attic with a balcony impresses with its generous living space.

With an area of 113.89 m² and 4 rooms the apartment offers enough space to feel comfortable. All living areas are either equipped with tiles and parquet from Austrian brand manufacturers. In addition the apartment has a large bathroom with a window, a bathtub and a shower - the WC with guest washbasin is separated from the bathroom.

The large balcony with approx. 39 m² offers space for outdoor lounge furniture as well as a small balcony raised bed. In addition there is a parking space and an underground garage (not included in the purchase price), so you can park your vehicle securely.

The apartment is optimally connected to public transport. Buses and the train station are in close proximity. In the surroundings you will find doctors, pharmacies, hospitals, kindergartens, schools, supermarkets and bakeries.

These condominiums are built on a leasehold property. The leasehold is a real right and is in Austria also known as “Bauen auf fremdem Grund”. This means that when you buy a leasehold apartment, you acquire the right to occupy a specific apartment within a building, to rent or otherwise use it, while the land remains owned by another party. The leasehold is granted for a fixed period of 100 years. At the end of this period the land including the structures on it returns to the ownership of the landowner.

The advantages of leasehold

• Lower purchase price: Since the land remains in the ownership of the leaseholder, the purchase price for the apartment is often lower than for comparable apartments in “normal” ownership.
• Higher returns for investors: Due to the lower purchase price, an investor can also expect a significantly higher return. New-build apartments in central locations are usually very easy to rent on the open market.
• Flexibility: Generally the term of the leasehold contract is long-term, in our case even 100 years. During this time the owner can use, rent, bequeath or sell the apartment and thus has a certain flexibility.
• Investment security: As the leasehold contract governs the rights and duties of both parties, it generally offers a certain investment security for the apartment owner.
• Tax aspects: In Austria since 2016 the acquisition costs and incidental costs when buying property can only be depreciated on 60 percent against the building. Since with a leasehold condominium the land is not acquired, the investment costs can be depreciated at 100 percent. Because of this cost advantage for a retirement property in leasehold, the investment is very lucrative.

We are happy to answer any further questions and look forward to presenting the project to you in a personal discussion or at a site visit.