11.9% return in downtown Wels investment property with fixed cash flow and development potential

For sale is an approximately 307 m² apartment on 2 levels (2nd floor & attic) in a mixed-use building in an absolute city center/old town location of Wels.

The unit is newly leased for the coming 3 years on a fixed basis and yields a net rent of € 5.930,– per month, which corresponds to a net yield of around 11,9 % p.a. on the purchase price of € 600.000,–.

After the lease term expires, there is the possibility to continue renting the unit or to develop it. A development- or adaptation study for the subdivision into 5 modern residential units (between 38 m² - 80 m² I total approx. 343 m² living space + 28 m² terraces) is already available. Planned open spaces orient toward a bright inner courtyard.

In brief: a rare investor and developer product with secured cash flows, high initial yield and clear value appreciation potential in the heart of Wels.

Key data:

Investment (Phase 1)

• Fixed tenancy for 3 years in place!
• Net rent: € 5.930 / month
• Net rent p.a.: € 71.160
• Purchase price: € 600.000,-
• Gross initial yield: ca. 11,9 % p.a.
• Total cashflow in 3 years: rd. € 213.500,-
• High planning certainty!

Development (Phase 2 – Upside)

• After the end of the lease, development is possible
• Already existing development/adaptation study
• Subdivision into 5 modern residential units
• Apartment sizes: between 38 m² - 80 m²
• total approx. 343 m² living space + 38 m² terraces
• Open spaces oriented toward a bright inner courtyard
• Very good marketability (owner-occupiers & investors)

Strategic options

• Continued rental with stable income
• Development & sale of the units
• Combination of partial sale & hold

Highlights

• Absolute city center/old town location
• Rare combination of fixed cash flow + development potential
• High initial yield
• Preparation for development already in place
• Ideal product for investors & project developers

For further information, documents or to arrange a viewing, please contact:

CONTACT

VIVIAMO Immobilien GmbH

Michael Honetschläger

state-certified developer / real estate agent

Mobile: +43 (0) 650 999 85 03

Email: [email protected]

Web: www.viviamo.at

Please note that due to the obligation to provide proof to the owner we can only process inquiries with complete contact details such as your address, telephone number and e-mail address. Your data will not be shared with third parties and will be treated confidentially in accordance with the provisions of the Data Protection Act. All information provided has been prepared to the best of our knowledge. For information, inquiries and areas provided by the owner or third parties, no liability can be assumed and they are therefore without warranty!

We also note that we act as a dual broker. Interim purchase reserved. The broker agreement with us is concluded by written agreement or by using our brokerage services.