Investment apartment package with longterm tenancy

Apartment package with different floor layouts

For sale is an apartment package consisting of classic old Vienna pension-style apartments (partly for commercial use) in a central location in the 18th district. An indefinitely tenanted condominium offers an attractive combination of immediate rental income, long-term planning security and tax advantages.

• tenanted on an indefinite term
• attractive purchase price for future value appreciation
• regular income immediately after purchase
• current net main rent: ca. EUR 80.904 p.A.
• current return before ancillary costs of 3,2%
• value retention of the property
• indexed rent adjustment
• tax advantages
• upon vacancy of the apartment market-conform rent / increase in yield
• perspective for own use or profitable resale

This package (approx. 758 m²) consists of:

• 5 apartments (approx. 655 m²)
• 1 commercial space (approx. 103 m²)
• 2 parking spaces

This property is well 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 will be happy to provide you with further documents on request.

Location description

The property is located in the heart of the sought-after 18th district Währing, one of Vienna's most popular residential areas. The surroundings are characterized by a well-balanced mix of urban infrastructure, well-kept Gründerzeit buildings and a high proportion of green space.

In the immediate vicinity there are tram lines 40 and 41, which provide a quick connection toward Schottentor and thus to the city center. The U6 Währinger Straße/Volksoper subway station is also within walking distance and provides optimal access to Vienna's rapid transit and subway network. Along Währinger Straße and in the side streets there are supermarkets, pharmacies, bakeries, cafés and numerous small specialty shops.

The popular Kutschkermarkt, a traditional market with high-quality foods, gastronomy and weekly stalls, is only a few minutes' walk away and strengthens the area’s high quality of living. The nearby Türkenschanzpark, one of Vienna's most beautiful parks, offers extensive green spaces, running trails, playgrounds and gastronomy. For culture lovers, the Volksoper Wien is also easily reachable on foot.

Nebenkosten

For the sake of accuracy, we note that, unless otherwise stated in the offer, a commission is due upon successful completion, which corresponds to the rates fixed in the Immobilienmaklerverordnung BGBI. 262 and 297/1996 – that is 3% of the purchase price plus 20% VAT. This commission obligation also exists if you pass on the information provided to third parties. There is a close economic relationship with the seller.

The contract preparation and escrow processing is tied to the law firm Mag. Schreiber A-1010 Wien, Schottenring 16. The costs amount to 1.5% of the purchase price plus 20% VAT as well as cash outlays and authentication.

Note according to the Energy Certificate Provision Act: An energy certificate has not yet been submitted by the owner or seller, after our clarification about the generally applicable submission requirement, as well as a request for its creation. Therefore, at least a total energy efficiency corresponding to the age and type of building is considered agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual agent.

Infrastructure / Distances

• Health
  • Doctor <25m
  • Pharmacy <150m
  • Clinic <125m
  • Hospital <300m
• Children & Schools
  • School <200m
  • Kindergarten <125m
  • University <200m
  • Secondary School <200m
• Local amenities
  • Supermarket <125m
  • Bakery <125m
  • Shopping center <1.400m
• Other
  • ATM <150m
  • Bank <150m
  • Post <325m
  • Police <750m
• Traffic
  • Bus <150m
  • U-Bahn <250m
  • Tram <150m
  • Railway station <250m
  • Motorway access <1.900m

Distance in a straight line / Source: OpenStreetMap