6% return! Rental property with potential in Pottschach for sale

On a round 970,00 m² large plot, the house offers 7 apartments, several storage rooms and a garage. The property is entirely designated as building land core area.

The property can be accessed from Pottschacher Straße as well as Kirchengasse. On the street side facing Pottschacher Straße there is a large entry gate that provides access to the property. Via a staircase one reaches the upper floor, where there are 3 apartments in need of renovation (Tops 1-3). From the courtyard, 2 more apartments are accessible, one of which has access to a separated garden. Via an external staircase you reach two more apartments (Tops 5 and 6).

Three apartments (Tops 4, 6 and 7) are currently occupied, the other apartments are currently vacant.

Purchase price: € 299.000,00

Annual rental income around € 18.000,00. Annual yield around 6,00%

Additional costs:

• Property transfer tax: 3,5%
• Contract drafting
• Land register entry: 1,1%
• Brokerage fee: 3 % of the purchase price + 20 % VAT = € 10.764,00

Notes:

• In the upper floor (Tops 2-3) there is an unrepaired water damage

Several renovation works are currently underway.

Note pursuant to the Energy Certificate Submission Act: An energy certificate has not yet been submitted by the owner or seller, after our clarification about the generally applicable submission obligation, as well as the request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and the type of building is deemed agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.