Planning Ahead in Serviced Apartments – Das RAY

Retirement planning in serviced apartments – The Ray

Invest in serviced apartments in a sought-after location in the 6th district near the city center. The apartments offer higher rental yields compared with traditional investor apartments as well as a worry-free all-inclusive service. The exclusive units at The Ray are managed by numa Group, the European leading provider for short-term living. The operator handles furnishing, leasing and maintenance of the residences for the coming 25 years.

Serviced Apartments

are fully furnished apartments that are rented for a limited period. The apartments are fully equipped and intended for longer stays of several weeks to months. The advantages of a hotel should be combined with those of a home. In addition to the full furnishing of the apartment, concierge service, cleaning or laundry service are also offered.

An experienced operator, such as the Numa Group, is an indispensable and important partner for the successful management of the apartments.

The project

In a characteristic Gründerzeit-style building in the heart of the 6th district, 56 serviced apartments offer a unique Vienna living experience on a temporary basis. Whether Weekend Getaway or Workation – from the workspace to the toothbrush, everything is included at The Ray. From the outside the ensemble captivates with its turn-of-the-century architecture; behind its elegant façade it combines stylish interiors, green hideaways and smart technologies. The Ray enables original, urban stays that correspond to the current living sense of digital nomads, business travelers or world explorers.

The late-historic residential and commercial building is being renovated with regard to its historic past and expanded with two attic floors and two courtyard blocks: In the old, new and attic construction, individual living units with attractive outdoor areas are created. The exclusive old-town apartments in the portfolio are modernized and equipped with courtyard-facing outdoor spaces. The apartments in the courtyard blocks and in the attic offer plenty of room for new things: open, light-filled living spaces and generous gardens, loggias and terraces.

The amenities

• Revitalized Gründerzeit house
• 56 serviced apartments, of which:
• 7 single-room apartments
• 47 two-room apartments
• 2 three-room apartments
• Sizes of approximately 35 to 100 m²
• 1- to 3-room units
• Gardens, loggias and terraces
• District heating

The level of operating costs and reserves is not yet known.

Prices of retirement investment apartments

from EUR 337,000 to EUR 916,000 net plus 20% VAT.

No commission for the buyer! Completion: already completed

This offer concerns a retirement investment apartment purchased for rental purposes. The indicated purchase price is therefore exclusive of 20% VAT. These data are subject to possible changes.

We note that there is a familial or economic close relationship between the broker and the third party to be represented.

The broker acts as a dual agent.