Investment apartment in Graz: 32 m², newly renovated and rented with over 4 % yield

Efficiently laid out, completely renovated and handed over in rented condition: These approximately 32 m² in 8020 Graz are an investment without a lead time.

The layout: The apartment is entered through the entrance hall with wardrobe area; from here, all rooms are accessed separately. The centrepiece is the approximately 19 m² living and sleeping room. The sleeping and living areas are separated by a sideboard without the room losing any of its spaciousness. The actual difference from a classic studio apartment is the separate kitchen. In this size category, this is rare and represents a noticeable advantage in rental discussions compared with the many studio apartments with a kitchenette in the living room. There is also a modern shower bathroom with WC and an entrance hall with wardrobe area. The apartment is located on the second upper floor; a private cellar compartment is included in the purchase price.

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

The rent is composed of

• € 300,76 basic rent,
• € 130,- furniture rent and
• € 70,– kitchen rent,

totalling € 500,76 net per month.

This results in an annual net rent of € 6.009,12 net.

Purchase price € 129.900,– plus approximately € 5.500,– renovation loan.

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

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

Regarding the 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 rather a solution they can move into immediately – without buying furniture, without registration-related effort, without a temporary arrangement. For these tenants, hotels or short-term rentals are not an affordable alternative over several months. This is precisely what gives rise to the rent level on which this apartment is based: 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 take care of managing the apartment. This includes finding tenants and 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 effort. Depending on the scope and agreement, the costs are between € 20 and € 40 net per month.

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

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

Note: Virtually designed illustrative images. The apartment will be renovated before handover and handed over in a fully renovated condition. A renovation loan of approx. € 5.500,– is still outstanding on the apartment and can be assumed or paid off by the buyer.

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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.