8.7% current yield I 913 m² residential and commercial building in Wels city center I 93% condominium shares

High yield, attractive entry price, and additional development potential—a investment that is already compelling in its current state!

For sale are 93% of the condominium ownership shares in a well-maintained residential and commercial building in an absolutely central/old town location in Wels.

The investment comprises 7 units with a total of approx. 913 m² of usable floor area, consisting of retail premises, office space, and residential units. The areas being sold comprise the entire street-facing front building (3 full floors plus attic floor) as well as additional units in the courtyard.

THE FIGURES AT A GLANCE

• Purchase price: € 1.349.000,-
• Total usable floor area: approx. 913 m²
• Purchase price: approx. € 1.478,-/m²
• Net rent ACTUAL: approx. € 9.775,- per month
• Net rent TARGET: approx. € 10.755,- per month
• ACTUAL yield: approx. 8,7 %
• TARGET yield: approx. 9,6 %

DEVELOPMENT POTENTIAL

The units are predominantly in good to nearly new condition. With the exception of the top residential unit, no significant renovation work is required.

The area currently rented as a single unit on the 2nd upper floor and attic floor offers additional value creation potential. An existing development study indicates the possibility of creating a total of 5 separate residential units here.

INVESTMENT HIGHLIGHTS

• High ongoing rental income
• Purchase price of € 1.478,-/m² NFL
• 7 units with existing cash flow
• Property predominantly in good condition
• Further rental income and development potential
• 93% of the condominium ownership shares

CONCLUSION: A central-city investment with an exceptional ACTUAL yield, attractive purchase price, and additional potential for appreciation.

For further information, a detailed exposé, documents, or to arrange a viewing appointment, please feel free to contact:

CONTACT

VIVIAMO Immobilien GmbH
Michael Honetschläger
state-certified property developer / real estate agent
Mobile: +43 (0) 650 999 85 03
Email: [email protected]
Web: www.viviamo.at

Please note that, due to our obligation to provide proof to the owner, we can only process inquiries that include your complete contact details, such as your address, telephone number, and email address. Your data will not be passed on to third parties and will be treated as strictly confidential in accordance with the provisions of the Data Protection Act. All information provided has been prepared to the best of our knowledge. No liability can be accepted for information, details, or floor areas provided by the owner or third parties, and these are therefore without guarantee!

We also wish to point out that we act as a dual agent. Sale subject to prior sale. The brokerage agreement with us is concluded by written agreement or by making use of our brokerage services.