Top investor apartment near the Mur – newly renovated and rented 48.7 m² with 4.5% yield

These completely renovated 48.7 m² in 8020 Graz have a separate bedroom, a bright kitchen-living room and will be handed over in rented condition.

The layout: You enter the apartment through a private entrance hall with wardrobe and storage space – the difference between an apartment where you arrive and one where you immediately stand in the living room. Storage space, otherwise the bottleneck in this size category, is thus solved at the same time. The heart of the apartment is the approximately 21 m² kitchen-living room: cooking, eating and living all have space alongside one another here without it becoming cramped, and two windows keep the room bright throughout the day. This is the room where life takes place. The bedroom is separate and has its own window facing the inner courtyard. This exact separation determines the target group: A full-fledged two-room apartment is rare in this price range and appeals to couples and working professionals, meaning tenants who, based on experience, stay longer. The apartment is completed by a daylight bathroom with shower, WC and washing-machine connection. It is located on the 2nd floor; a private basement 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. Based on experience, two rooms appeal to a tenant group that stays longer – this reduces vacancies and re-letting costs.

The rent consists of

• € 452.91 base rent,
• € 140,- furniture rent and
• € 80,– kitchen rent,

totalling € 672.91 net per month.

This results in an annual net rent of € 8,074.92 net.

Purchase price € 169,900,– plus approximately € 8,200,– renovation loan.

Broker’s yield (annual net rent / (purchase price + renovation loan)) = 4.5%

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

About the rent – furnished letting with service

We specialize in furnished letting with full service. A large proportion of our tenants come to Graz for work or training 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 and without a fixed-term interim arrangement. For these tenants, a hotel or short-term rental is not an affordable alternative over several months. This is precisely what results in the rent level underlying this apartment: 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 manage the apartment. This includes finding tenants and handling tenant changes, ongoing management of the tenancy, coordination with the property management and organizing any work required – 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 undergoing renovation and is not rented. The stated rent and yield are calculated values for the time after completion and represent potential, not a guarantee.

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. There is still a renovation loan of approx. € 8,200,– outstanding on the apartment, which can be assumed or paid off by the buyer.

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

The broker acts as a dual broker.