Investor apartment with carefree 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. It creates 57 new, modern and energy-efficient owner-occupied apartments with close to 2.900 m² of living space and about 500m² of open space. 65% of the owner-occupied apartments are planned for owner-occupiers and 35% for investors with an innovative provident housing model with a worry-free rental concept and above-average returns. The project consists of four building parts (4th stair) with a large courtyard, a newly expanded attic, as well as the two townhouses in inner location. The existing apartments in the main buildings will be fully 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 in each stair, the large courtyard will be greened. The building will be increased and in the two roof levels there will be 7 new apartments with outdoor areas. In the rear part of the building, two townhouses with green spaces will be built.

Investors’ apartments on Stair 1 & 2

• professional, central management takes over the administration and accounting
• 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 rental 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 repair
• settlement of all operating and utility costs
• legal support and compliance with legal requirements

This all-round carefree package allows owners 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 yields. This model minimizes the risk of vacancy, as the income is distributed among all owners proportionally.

Professional management for a worry-free investment

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

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 transportation. 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 Vienna State Opera, are also reachable in a short time.

Amenities

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 meets hotel standards – from fully equipped kitchens including cookware to high-quality beds to modern televisions. Each detail has been carefully tailored to the needs of the tenants to ensure 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 object.

Note

All images, visualizations and plans used in the advertisements 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 point out that there is a family or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual broker.

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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 Provisions
Supermarket <125m
Bakery <225m
Shopping Center <575m

Other
ATM <250m
Bank <375m
Post <375m
Police <375m

Traffic
Bus <200m
U-Bahn <300m
Tram <275m
Railway Station <375m
Highway access <900m

Distance as the crow flies / Source: OpenStreetMap