Time-limited multi unit building in excellent quiet location, 7 residential units, 3.2% net yield

Attractive 7-unit property in Rittingergasse, 1210 Vienna – Your perfect investment in a quiet location!

Situated in the sought-after and peaceful residential area of Vienna’s 21st district, not far from Floridsdorf centre and the idyllic local recreation areas of the Old Danube, this exceptional property in Rittingergasse presents a genuine opportunity for investors and capital investors.

Property highlights:

• Renovated and modernised: The property underwent extensive general renovation a few years ago. All technical and structural measures – from the modern building services to the new façade – were carried out to a high standard, guaranteeing long-term preservation of value.
• 7 residential units: The property comprises a total of 7 optimally laid-out apartments with a total living area of approx. 337 m². The apartment sizes vary between approx. 41 m² & 51 m², making them attractive for families as well as singles or couples. Each unit is flooded with light and fitted to a high standard.
• Quiet prime location: Rittingergasse is one of the most sought-after residential streets in Floridsdorf. Residents enjoy pleasant peace away from the city noise without having to forgo excellent transport connections. Public transport, shopping facilities and educational institutions are in the immediate vicinity.

Details of the rental income:

• Top 1: 498,-- € net (excluding heating cost advance payment)
• Top 2: 498,-- € net (excluding heating cost advance payment)
• Top 3: 494,-- € net (excluding heating cost advance payment)
• Top 4: 498,-- € net (excluding heating cost advance payment)
• Top 5: 555,-- € net (excluding heating cost advance payment)
• Top 6: 490,-- € net (excluding heating cost advance payment)
• Top basement apartment: vacant / free of existing tenancy --- (can be rented for approx. 450,--/480,-- net)
• TOTAL RENTAL INCOME: 3.033,-- € excluding 10% VAT & heating cost advance payment (rents can still be indexed)

Features & condition:

• All apartments feature spacious living areas, modern fitted kitchens, timeless laminate flooring and modern bathrooms in a simple design.
• Windows with triple glazing ensure optimum energy efficiency.
• A well-maintained communal garden provides additional living comfort.
• A basement storage compartment for each residential unit and 2 car parking spaces on the property round off the offer.

Investment potential:

This property offers a lucrative opportunity for long-term capital investors. The current rental situation guarantees stable income. Alternatively, the property is also suitable for a future subdivision into condominiums.

Infrastructure:

• Public transport can be reached within a few minutes on foot (e.g. tram lines 26 and 31 as well as the U6 Floridsdorf underground line).
• Numerous local suppliers, restaurants and pharmacies are nearby.
• The nearby Old Danube and the Bisamberg recreation area provide opportunities for relaxation.

This property is not only a haven of peace for residents, but also an attractive investment property in one of Vienna’s most liveable areas. Arrange a viewing appointment today to see this exceptional property for yourself!

Seeing it pays off; you can reach me at 0676 - 342 77 18 or by email at [email protected]

Your real estate adviser
Mr Manuel Daniloglu
MAST Immo GmbH

Costs:

• Brokerage fee: 3% plus VAT.
• Real estate transfer tax: 3.5%
• Registration fee: 1.1%
• Purchase contract & notary costs: approx. 1.5% plus VAT.

Please note that there is an economic close relationship between the seller and the real estate agent.

Infrastructure / Distances

• Health
  • Doctor <1,000m
  • Pharmacy <1,000m
  • Clinic <3,000m
  • Hospital <1,000m
• Children & schools
  • School <500m
  • Kindergarten <500m
  • University <500m
  • Secondary school <4,000m
• Local supplies
  • Supermarket <1,000m
  • Bakery <1,000m
  • Shopping centre <2,500m
• Other
  • Bank <1,500m
  • ATM <1,500m
  • Post office <2,000m
  • Police <1,000m
• Transport
  • Bus <500m
  • Underground <2,500m
  • Tram <500m
  • Train station <2,000m
  • Motorway access <3,000m

Distances measured as the crow flies / Source: OpenStreetMap