Apartment in an old building with fixed term tenancy

Charming investment property with future prospects – Temporarily rented 2-room apartment in Favoriten

This bright 2-room apartment in a stylish historic building from around 1890 combines charming living with an attractive investment opportunity. It is currently used as an investment with stable rental income, and in a few years there will also be the possibility of owner-occupation – and thus the entry into a high-quality renovated apartment in a central location in Vienna.

The apartment is currently rented on a fixed term until 30.05.2028 and generates a monthly gross rent of € 750,-, with a gross yield of approx. 3.66 %. This provides a secure income stream until the end of the tenancy – and afterwards you can move into a charmingly renovated apartment yourself.

Highlights:

• Fixed-term rented until 30.05.2028 – monthly base rent € 645,-
• Attractive gross yield of approx. 3.66 %
• Bright living spaces with parquet and high-quality tiles
• Modern fitted kitchen included
• In a few years you can use it yourself

The apartment has been extensively renovated and impresses with a thoughtful room layout and a pleasant living atmosphere. The classic Altbau charm with high ceilings meets modern equipment here: noble parquet, stylish tiles and a well-integrated fitted kitchen provide contemporary comfort with character. The bathroom is equipped with a shower and toilet. The building also has a passenger elevator.

Hard facts:

• Purchase price: € 205.000,-
• Living area: 39,89 m²
• Rooms: 2
• Floor: 2nd floor
• Year built: 1890
• Operating costs including VAT and reserve fund: € 302,48
• Cellar: YES
• Rented until: 30.05.2028 (Total rent € 750,-)
• Gross yield: ca. 3,66 %

There is also the option to acquire the apartment in a package with other units – contact us for details. The images are project images and not every image corresponds to this unit.

Because the apartment is rented to a company that re-rents the apartment long-term furnished, the indicative rent does not apply and an old building apartment becomes an attractive investment!

Growing area in Vienna-Favoriten

The apartment is located in a well-developed part of the 10th district – an area that has been infrastructure-wise upgraded significantly and continues to grow. The immediate surroundings offer everything renters and owner-occupiers alike appreciate: numerous supermarkets, bakeries, cafes, doctors, pharmacies as well as schools, kindergartens and leisure activities are within walking distance. The proximity to the university also increases the attractiveness for potential tenants.

Public transport connections are excellent: subway, streetcar, bus lines and the main train station are reachable in a short time – you are in Vienna’s city center in a few minutes or quickly in other districts. An ideal location for a future-proof investment.

Success fee: 3% of the purchase price plus 20% VAT.

Mr. Lucas Taufer is available for all questions and a personal viewing. You can reach him at 0660 7542528. He will also be happy to assist you with suitable financing!

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual agent.

Infrastructure / Distances

Health
Doctor <500m
Pharmacy <500m
Clinic <500m
Hospital <2.000m

Children & Schools

School <500m
Kindergarten <500m
University <1.000m
Upper School <2.500m

Nearby supply

Supermarket <500m
Bakery <500m
Shopping center <1.500m

Other

ATM <500m
Bank <500m
Post <500m
Police <1.000m

Traffic

Bus <500m
Underground <500m
Tram <500m
Station <500m
Motorway access <1.500m

Angaben Entfernung Luftlinie / Quelle: OpenStreetMap