Investment apartment with carefree rental concept

All details of the project can also be found at: www.paulus5.at

The project

Paulusgasse 5 is located in an excellent city location with optimal transport connections and perfect infrastructure. It features 57 new, modern and energy-efficient condominiums with nearly 2.900 m² of living space and about 500 m² of open space. 65% of the condominiums are intended for owner-occupiers and 35% for investors with an innovative Vorsorge-Wohnungs-Modell with a carefree rental concept and above-average returns. The project consists of four building parts (4. Stiegen) with a large inner courtyard, a newly expanded attic, as well as the two Townhouses in inner location. The existing apartments in the main buildings will be completely and high-quality renovated, many of them equipped with a new balcony, the heating-cooling system will be replaced by a sustainable central air heat pump, an elevator will be installed on every Stiege, the large inner courtyard will be greened. The building will be expanded and in the two attic floors 7 new apartments with outdoor spaces will be created. In the rear part of the building two townhouses with green spaces will be created.

Investor apartments on Stiege 1 & 2

Vorsorge-Wohnungs-Modell with a carefree rental concept:

• professional, central management takes over administration and invoicing
• 28 apartments for short-term rental with a commercial operator
• 2 apartments with long-term leases (Top 4-5 | Top 30)
• rental income (short- and long-term rental) in a common rent pool
• calculated rental yield over 4% per year

Central management

A professional, central management takes over all administrative tasks:

• Letting (short- and long-term)
• Lease processing and tenant support
• Maintenance and upkeep
• Settlement of all operating and ancillary costs
• Legal support and compliance with statutory requirements

This all-round carefree package enables owners to have a passive, risk-reduced capital investment, as the entire organizational effort is outsourced.

Rent pool - uniform return for all owners

All rental income flows into a common rental pot, enabling investors to achieve stable returns. This model minimizes the risk of vacancy, as the income is distributed proportionally among all owners.

Professional management for a worry-free capital investment

A professional management handles all tasks around short-term rental, from booking through maintenance to the legal aspects. For investors this means a hassle-free capital investment with no administrative burden.

Location and surroundings of Paulusgasse 5, 1030 Vienna

The project is located in an attractive area in the 3rd district, with good access to public transport. Through the two nearby U-Bahn stations U3 Schlachthausgasse and U3 Kardinal-Nagl-Platz, the city center is reachable in about 10 minutes. Also the proximity to popular sights such as Stephansplatz makes it particularly attractive for short-term renters. In addition, the surrounding area offers numerous recreational areas such as Prater or Donaukanal. Vienna's cultural offerings, such as Kunsthaus Wien and the Wiener Staatsoper, are reachable in a short time.

Amenities

The well thought out and compactly planned apartments with sizes of approximately 29 - 44 m² will be sold fully furnished. The modern and high-quality furnishings meet hotel standards – from fully equipped kitchens including cooking utensils to high-quality beds and modern televisions. Each detail has been carefully tailored to the needs of the tenants to ensure a comfortable and practical use.

Purchase prices

Net purchase prices* range from € 158.000,- to € 402.000,- (excl. 20% VAT) - furniture and furnishing package is NOT included in the purchase price. The prices are listed for each property.

Note

All images, visualizations and plans used in the listings are for reference. The shown furnishings and photos are exemplary and may differ from the actual furnishings or layout. The information is based on information from the seller.

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

The intermediary acts as a dual agent.

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Infrastructure / Distances

Health

Doctor <175m

Pharmacy <350m

Clinic <250m

Hospital <300m

Children & Schools

School <125m

Kindergarten <150m

University <625m

Higher School <600m

Local supply

Supermarket <125m

Bakery <225m

Shopping center <575m

Other

ATM <250m

Bank <375m

Post <375m

Police <375m

Transport

Bus <200m

U-Bahn <300m

Tram <275m

Train station <375m

Motorway access <900m

Distance as the crow flies / Source: OpenStreetMap