Apartment tenanted with three point two one percent yield

For sale is an extremely generous condominium property that is currently leased as an office. In the best location of Vienna's 3rd district – one of the city's most sought-after neighborhoods.

The property is currently leased on an indefinite term and thus guarantees immediate, ongoing rental income while providing high planning security. For investors, this presents a rare opportunity to place capital into a stable, yield-rich property – complemented by attractive tax advantages.

• Leased on an indefinite term
• Attractive purchase price for future appreciation
• Regular income immediately after purchase
• Current net main rent: EUR 1.590,75 / month
• Current return before ancillary costs of 3.21%
• Value retention of the property
• Indexed rent adjustment
• Tax advantages
• Upon vacancy of the property, market rent / increase in yield
• Perspective for owner-occupation or profitable resale

This property is excellently suited as a medium- to long-term investment with solid development potential.

Please note: Due to the existing tenancy, a viewing is currently not possible. We are happy to provide further documents upon request.

Location description

The property at Hintzerstraße 11 is located in an attractive residential area of Vienna's 3rd district Landstraße. The quiet side street near Landstraßer Hauptstraße offers both residential and commercial uses and impresses with its central location with short distances to the city center.

Public transport connections are excellent:

• the U3 station Landstraße or Rochusgasse is within walking distance,
• several bus and tram lines are in the immediate vicinity,
• the station or transport hub Wien Mitte also provides a direct connection to Vienna Airport.

Ancillary costs

For the sake of good order we note that, unless stated otherwise in the offer, in the event of a successful completion a commission is payable, which corresponds to the rates set in the Real Estate Agents Regulation BGBI. 262 and 297/1996 – that is 3% of the purchase price plus 20% VAT. This commission obligation also applies if you pass along the information to third parties. Finally, we point out that we act as dual agents and there is a familial/economic close relationship between 3SI Makler GmbH and the seller.

The contract preparation and escrow processing is tied to the law firm Mag. Schreiber A-1010 Vienna, Schottenring 16. The costs amount to 1.5% of the purchase price plus 20% VAT as well as out-of-pocket expenses and authentication. In the case of external financing, the fee increases to 1.8% of the purchase price plus 20% VAT, out-of-pocket expenses and authentication.

We would point out that there is a familial or economic close relationship between the broker and the third party being brokered.

The broker acts as a dual broker.

Infrastructure / Distances

Health Doctor <50m
Pharmacy <225m
Clinic <75m
Hospital <475m

Children & Schools School <100m
Kindergarten <100m
University <425m
Upper secondary school <425m

Local amenities Supermarket <250m
Bakery <200m
Shopping center <350m

Other ATM <225m
Bank <200m
Post office <225m
Police <475m

Transport Bus <150m
Underground / subway <275m
Tram <250m
Train station <275m
Motorway access <1.750m

Distance as the crow flies / Source: OpenStreetMap