Income property with 4.5 % yield and attic conversion potential!

An apartment building is for sale with an excellent yield and potential for attic conversion in 1120 Vienna, not far from the newly built Ribus housing development!

Plot area: 568m²

Existing usable area: 825,96 m²

825,96 m² (70% fixed-term) rented residential usable area

Development potential:

• Loft office / courtyard building, building permit granted, with 80m²
• Preliminary attic plans for 4 units with a total of 377m² + balconies and terraces. (Plans can be sent on request)

All units are rented on fixed-term leases (all A category, renovated 10 years ago)

Current total income: € 75.672,--/annually

Yield on existing property: 4,5 % !

Purchase price: € 1,68 million net (VAT can be offset)

On request, I can send you the current rent roll, the attic plans and the existing building plans.

Asset deal only!

Broker's fee: 3 % + VAT.

Have I piqued your interest? I look forward to your call!

Notice pursuant to the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller, despite our explanation of the general obligation to submit one and our request that one be prepared. Therefore, at least overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We accept no warranty or liability whatsoever for the actual energy efficiency of the property offered.

Infrastructure / Distances

Health

• Doctor <1.000m
• Pharmacy <1.000m
• Clinic <1.000m
• Hospital <1.000m

Children & Schools

• School <500m
• Kindergarten <1.000m
• University <3.500m
• Secondary school <1.000m

Local amenities

• Supermarket <1.000m
• Bakery <500m
• Shopping center <1.500m

Other

• ATM <1.000m
• Bank <1.000m
• Post office <1.000m
• Police <1.500m

Transport

• Bus <500m
• Underground <1.000m
• Tram <1.000m
• Train station <1.000m
• Motorway access <1.000m

Distances measured as the crow flies / Source: OpenStreetMap