4.4% Yield: 37 m² Investment Apartment Near the Mur – renovated, furnished, rented

This fully renovated apartment in 8020 Graz comes without the usual compromises of a small apartment – and will be handed over in rented condition.

The layout: The apartment is entered via the central area with wardrobe; from here, the living area and bathroom are accessed separately. The centrepiece is the approximately 21 m² living and sleeping area, which offers a remarkably large amount of space for an apartment of this size; the sleeping and living zones can be clearly separated without the room losing its sense of spaciousness. The real difference compared with many units in this size category is the separate kitchen and dining area: cooking and eating do not take place in the living area. This is rare in this size category and is a noticeable advantage when discussing the rental. There is also a spacious daylight bathroom with its own window, level-access shower, WC and its own washing machine connection. The apartment is located on the 2nd floor an own cellar compartment is included in the purchase price.

The renovation will be completed by the end of November. The handover will take place fully furnished, including fitted kitchen and in rented condition – you are not acquiring a project, but a finished investment: no renovation risk, no start-up period, no initial letting.

The rent consists of

• € 347,54 base rent,
• € 130,- furniture rent and
• € 70,– kitchen rent,

totalling € 547,54 net per month.

This results in annual net rent of € 6.570,48 net.

Purchase price € 139.900,– plus approximately € 6.200,– renovation loan.

Broker yield (annual net rent / (purchase price + renovation loan)) = 4,4%

Rent guarantee: We will handle the initial letting free of charge and guarantee the stated net rent – the stated yield is therefore secured.

For rent – furnished letting with service

We specialise in furnished letting with full service. A large proportion of our tenants come to Graz for work or education and are not looking for a classic rental apartment, but for a solution they can move into immediately – without buying furniture, without registration formalities, without a temporary fixed-term arrangement. For these tenants, hotels or short-term rentals are not an affordable alternative over several months. This is precisely what the rent level underlying this apartment is based on: it is deliberately above the comparable rent for an unfurnished apartment because a different service is provided and a different tenant segment is addressed.

Full management / sub-management

We will take over management of the apartment. This includes finding tenants and handling tenant changes, ongoing management of the tenancy, coordination with the property management and organisation of necessary work – as the owner, you will generally have no operational work to deal with. Depending on the scope and agreement, the costs are between € 20 and € 40 net per month.

Note: The apartment is currently undergoing renovation and is not rented. The stated rent and yield are calculated values for the time after completion and represent the potential.

We will be happy to send you the complete yield calculation, the total-cost calculation with a twenty-year forecast, the specifications catalogue and the current photographic documentation of the construction progress.

Note: Virtually designed example images. The apartment will be renovated before handover and handed over in fully renovated condition. The apartment has an outstanding renovation loan of approximately € 6.200,–, which can be assumed upon purchase or repaid early.

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

The broker is acting as a dual agent.