TOP INVESTMENT PROPERTY NEAR PRATERSTERN | 6.26% YIELD | TENANTED ON AN OPEN ENDED LEASE SINCE 2010

Top investment property at Praterstern | 6,26 % yield | indefinitely leased since 2010

For sale is an attractive investment property in an excellent high-traffic location in Vienna's 2nd district. The commercial premises are located on Czerningasse, just a few steps from Praterstern, one of Vienna's most important traffic and infrastructure hubs.

The property has been rented on an indefinite basis since 01.12.2010, offering investors ongoing, stable rental income as well as an attractive yield.

Key data

• Net usable area: ≈ 103,52 m²
• Purchase price: EUR 249.000,-
• Indefinitely rented since 01.12.2010
• Monthly net rent: EUR 1.299,49
• Annual net rental income: EUR 15.593,88
• Net rent: approx. EUR 12,55/m²
• Yield: approx. 6,26 % p.a.

Monthly charges

• Operating costs: EUR 582,16 net
• Repair reserve: EUR 222,68
• Heating costs: EUR 91,64 net

Excellent location

The immediate proximity to Praterstern guarantees excellent accessibility and high footfall. The location benefits from connections to the U-Bahn lines U1 and U2, numerous tram and bus lines, S-Bahn and regional train connections, as well as excellent car accessibility.

The combination of a long-term occupancy, attractive yield and excellent transport connections makes this property an interesting investment opportunity for investors.

For further information or to submit the documents, we are happy to assist you.

Additional costs:

• Land register entry: 1,1% of the purchase price
• Real estate transfer tax: 3,5% of the purchase price
• Real estate agent commission: 3% of the purchase price + 20% VAT
• Purchase contract fee: 1,2% of the purchase price plus cash outlays and VAT. The drafting and execution of the purchase contract is carried out by the law firm Tiefenthaler Gnesda Rechtsanwälte GmbH.

If you are seriously interested, we will gladly provide further documents, including, for example:

• Land register excerpt
• Condominium ownership agreement
• Nutzwertgutachten
• Minutes of homeowners' meetings (if available) and so on

Our all-round service for you:

If you decide on this property, we will competently accompany you through the entire purchase process – starting with the purchase offer, coordinating individual wishes and signing the contract up to the handover of the property. We also support you with organizational steps such as re-registering electricity, gas or district heating. Of course we provide all necessary forms and documents.

Additionally, we are happy to assist with financing your desired property and, together with our experienced financing partners, develop optimal solutions at attractive terms.

Would you like to sell your property?

Then you are in good hands with us! We offer you a non-binding and free initial consultation, including a thorough valuation of your property as well as a transparent presentation of all relevant factors.

Brokerage agreement: We ask for your understanding that with inquiries regarding the property address, or viewing appointments, due to new legal regulations we can only send documents once you confirm that you want us to act immediately and have been informed about your withdrawal rights. You will receive an email after your written inquiry with full name, address and telephone number in which you must confirm these points.

Disclaimer: We point out that all data in the present offer as well as the information provided by our office to you were provided by the seller of the property to be mediated. Information from third parties (e.g., official information) has also been obtained; we cannot assume liability for their accuracy. We also point out that there is a close familial or economic relationship between the broker and the third party to be mediated. The broker acts as a dual agent.