Mehrfamilienhaus im Wohnungseigentum mit 5 Wohneinheiten und Gaststätte - 8663 Veitsch

Location:

The property is located in the municipality of St- Barbara in the Mürztal - Ortsteil Dorf-Veitsch. Directly at the junction from Veitscher Straße into the town center, in the area of the football field and the local Spar market, an excellent location is offered, which is well suited for both the operation of a restaurant and as a residential area.

About the property:

The property for sale was built around 1972 and expanded in 1984 with an expansion of the 1st upper floor. In 1997 condominium ownership was established on the property, so there are currently 5 condominium objects, as well as two garages on the property. The house has been exemplary maintained over the years and improvements have been made repeatedly. Thus, a replacement of the windows, a renovation of the facade, renovation of the staircase, as well as a replacement of the gas boiler were carried out, so that the house is in excellent condition.

On the ground floor is the "Veitschtal-Wirt", which has a usable area of approximately 239 m², equipped with two dining rooms, a bar, a kitchen, storage rooms and a south-facing terrace. The "Veitschtal-Wirt" is operated as a down-to-earth restaurant and is especially popular for events — about 80 – 100 seats are available in the dining rooms — high popularity. It should be noted that the restaurant was comprehensively renovated in 2020. A high-quality "gastro kitchen" is available.

On the first upper floor there are a total of 5 residential units, all of which are equipped with a living room/kitchen, bathroom and toilet, as well as another sleeping room. It is noted that 4 condominium objects exist, whereby one condominium object is divided into two living units. All residential units are rented, while one unit is used by the owner himself.

Monthly net income would, considering the appropriate rental of the currently owner-occupied object at a market-typical rent, amount to about € 3,200 net per month, resulting in an annual net income of about € 38,400. This corresponds to a return of about 8.00%.

Conclusion:

A great property with potential, where the yield could be increased further with an alternative concept.

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

The broker acts as a dual agent.