Historic tenement in a prime location at Stadtplatz Wels with 10 units for sale

Historic income property in a top location on the city square in Wels with 10 units for sale.

This charming income property is located in an absolute city-center position directly on the city square in Wels. The building was originally constructed around 1500 and underwent a comprehensive renovation toward the end of the 19th century, around 1898. About 15 years ago, major technical renovations were carried out, including the renewal of the electrical wiring, the heating system, and the floor coverings. The house is today heated in a modern way by district heating. A roof extension would be possible; this would have to be discussed in detail with the municipality.

The property has a total usable area of around 750 m², is partially basemented and offers a protected inner courtyard. On the ground floor there are four tenanted commercial premises that benefit from the excellent footfall at the city square. Additionally, one apartment is rented, which makes the property particularly attractive to investors. The historic character of the house is especially impressive, among other things due to the original sash windows and the generous ceiling height on the residential floors of around three to three and a half meters. The combination of historic substance and modernized infrastructure makes this object a rare opportunity in a prime downtown location. Currently, an annual net yield of EUR 50.304,36 is achieved. At full occupancy, an annual net rent of approx. EUR 64.547,88 could be achieved.

Floor plan

• Ground floor: 4 commercial premises
• 1st floor: 3 apartments
• 2nd floor: 3 apartments

Location

The income property is located in a best downtown location directly on the city square in Wels, and benefits from excellent visibility and high foot traffic. The city square is the pulsating heart of Wels, surrounded by numerous shops, restaurants and cafes. The excellent transportation links, both by car and public transport, make the property particularly attractive for retailers and investors. In the immediate vicinity there are also schools, banks, doctors and various local providers – all within walking distance.

Are you interested?

Viewings are worth it – we look forward to your interest! For further questions please contact us at the phone number 0664 398 34 62.

Legal information

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The broker acts as a dual agent.