Paulus5

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. 58 new, modern and energy-efficient condominium apartments are being created with knapp 2.900 m² living space and ca. 500m² outdoor space. 65% of the condominiums are planned for owner-occupiers and 35% for investors with an innovative Vorsorge-Wohnungs-Modell with a worry-free rental concept and above-average returns. The project consists of a total of four building sections (4. Stiegen) with a large courtyard, a newly added attic floor, as well as the two townhouses in the interior. 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 in each staircase, the large courtyard will be greened. The building will be added to and in the two 2 attic floors 7 new apartments with outdoor areas will be created. Two townhouses with green areas will be created in the rear part of the building.

Investor apartments on staircase 1 & 2

Vorsorge-Wohnungs-Modell with worry-free 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
• rental income in a common rent pool
• calculated rental yield over 4% per year

Available apartments / Link to the project

Central management

A professional, central management takes over all administrative tasks:

• letting (short- and long-term)
• rental contract processing and tenant support
• maintenance and repairs
• handling of all operating and ancillary costs
• legal support and compliance with legal requirements

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

Rent pool - uniform return for all owners

All rental income flows into a common "Mietentopf", allowing investors to achieve stable returns. This model minimizes the risk of vacancies, as the income is distributed proportionally among all owners.

Professional management for a worry-free capital investment

A professional management takes over all tasks related to short-term rentals, from booking to maintenance to legal aspects. For investors, this means an effortless capital investment without administrative effort.

Location and surroundings of Paulusgasse 5, 1030 Vienna

The project is located in an attractive location in the 3rd district, with good access to public transport. Due to the two nearby subway stations U3 Schlachthausgasse and U3 Kardinal-Nagl-Platz, the city center is reachable in knapp 10 Minuten. The proximity to popular attractions, such as Stephansplatz, also makes it particularly attractive for short-term tenants. In addition, the surroundings offer numerous recreational areas, such as the 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 ca. 29 - 44 m² are 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 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 the respective property.

Note

All images, visualizations and plans used in the listings serve as 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 familial or economic close relationship between the broker and the third party to be brokered.

The broker acts as a double broker.

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