Apartment with hassle free rental concept

All details about 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. 57 new, modern and energy-efficient condominiums will be built with about 2,900 m² of living space and about 500 m² of open space. 65% of the condominiums are for owner-occupiers and 35% for investors with an innovative pension apartment model with a carefree rental concept and above-average returns planned. The project consists of four building parts (4 stairwells) with a large courtyard, a newly expanded attic, as well as the two townhouses in the 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 at each stairwell, the large courtyard will be greened. The building will be upscaled and in the two roof floors 7 new apartments with outdoor spaces will be created. In the rear part of the building two townhouses with green areas will be created.

Investor apartments on Stair 1 & 2

Pension apartment model with carefree rental concept:

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

Central management

A professional, central management takes over all administrative tasks:

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

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

Rental pool - Uniform return for all owners

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

Professional management for a carefree capital investment

A professional management handles all tasks around the short-term rental, from booking to maintenance to the legal aspects. For investors this means a hassle-free capital investment without administrative effort.

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. With the two nearby subway stations U3 Schlachthausgasse and U3 Kardinal-Nagl-Platz, the city centre is reachable in about 10 minutes. The proximity to popular sights such as St. Stephen's Cathedral makes it particularly attractive for short-term renters. The surrounding area also offers numerous recreational areas, such as Prater or the Donaukanal. Vienna's cultural offerings, such as the Kunsthaus Wien and the Vienna State Opera, are also reachable in a short time.

Facilities

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

Purchase prices

Net purchase prices* range between € 158,000 and € 402,000 (plus 20% VAT) - *Furniture and furnishing package is NOT included in the purchase price. The prices are listed for each object.

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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Infrastructure / Distances

Health

Doctor <175m

Pharmacy <350m

Clinic <250m

Hospital <300m

Children & Schools

School <125m

Kindergarten <150m

University <625m

Higher School <600m

Nearby supply

Supermarket <125m

Bakery <225m

Shopping Center <575m

Other

ATM <250m

Bank <375m

Post <375m

Police <375m

Traffic

Bus <200m

Subway <300m

Tram <275m

Train Station <375m

Highway access <900m

Distance as the crow flies / Source: OpenStreetMap