Investment opportunity in Rust on Lake Neusiedl – 2 apartment buildings with 10 residential units on approx. 6,039 m² building plot

Investment property in Rust – 2 residential buildings with 10 units on approx. 6,039 m² of land

A versatile investment property with special development potential is being offered for sale in an attractive location in Rust on Lake Neusiedl. The ensemble consists of two residential buildings as well as ancillary buildings and garages and is situated on an exceptionally spacious plot of around 6,039 m². A total of 10 residential units with a total living area of approx. 748.45 m² are available.

The property is particularly suitable for investors who wish to combine an existing housing stock with ongoing rental income and additional long-term development potential.

Property description

The two residential buildings were originally constructed around 1954 and gradually modernized over the years. The existing stock comprises a total of 10 apartments in different sizes and floor plan variants. Currently, 8 residential units are rented, while 2 apartments are available for reletting. This means that there is already additional income potential in the existing building.

The residential buildings have basement and attic areas as well as centrally accessed staircases. The residential stock is complemented by ancillary buildings and garages.

A significant advantage of the property is the size of the plot. With around 6,039 m² of land, the property offers considerably more than a classic investment property. According to the documents available, the property is designated as building land-residential area (BW).

Development potential for investors

Due to the exceptional size of the plot and the existing designation as building land-residential area, the property offers interesting additional development potential.

Written information from the responsible municipality regarding the development possibilities has already been obtained. The relevant documents will gladly be made available to serious interested parties as part of the additional property documentation.

Depending on the individual utilization concept, this may include examining additional construction, a possible division of the plot or further long-term development possibilities. The specific implementation must, of course, be assessed within the framework of the applicable building law, surveying and official requirements.

It is precisely the combination of an existing housing stock, ongoing income and a large plot that makes this property an interesting opportunity for long-term-oriented investors.

Condition and features

The two buildings have been continuously or gradually modernized over the years. The roof was renovated around 2000. External thermal insulation of approx. 5 cm was installed around 1985. Due to the measures carried out over the years, the individual apartments are in different states of modernization.

Some of the windows have also already been replaced. Some windows have been exchanged, while others date from an earlier period.

The residential units are currently heated by electricity.

Location

The property is located in Rust in Burgenland, one of the best-known and most attractive municipalities around Lake Neusiedl.

Rust combines a historic townscape, viticulture, nature and the immediate proximity to Lake Neusiedl. The region is established both as a residential location and as a tourist destination, thereby offering an interesting starting point for a sustainable real estate investment.

From the property or from parts of the property, there is a view in the direction of Lake Neusiedl, further emphasizing the special location.

Despite the existing development, the spacious plot provides an exceptional amount of open space and opens up perspectives that are rarely available with classic investment properties.

Investment on two levels

Attractive existing return with additional potential through two residential units currently available. Detailed rental and income documents will be made available to qualified interested parties upon request. This property thus combines existing stock, income and development potential in one of the best-known locations in Burgenland.

See for yourself the advantages of this attractive property.

I will be happy to inform you personally about all the details and am available to arrange a viewing appointment.

I look forward to your inquiry!

Miscellaneous

The information about the property is based on information made available to us. We accept no liability in this regard. Detailed questions will be discussed, clarified or provided subsequently during viewings.

The stated price is a guide price. The actual purchase price may be higher or lower than this purchase price.

Please note that, due to the obligation to provide proof to the owner, we can only process inquiries containing the complete address and telephone number.

In accordance with § 5, para. 3 of the Estate Agent Act, we point out that we act as a dual agent.

Do you not yet have financing or are you interested in a comparative offer? Please contact us - we work with long-standing financing partners and will be happy to refer you to a competent financing advisor who will prepare an individual offer for you without obligation.

The agent acts as a dual agent.

Infrastructure / Distances

• Health
  • Doctor <1,000m
  • Pharmacy <1,000m
• Children & schools
  • School <1,000m
  • Kindergarten <5,000m
• Local amenities
  • Supermarket <500m
  • Bakery <1,000m
• Other
  • Bank <1,000m
  • ATM <1,000m
  • Police <1,000m
  • Post office <1,000m
• Transport
  • Bus <500m
  • Train station <7,500m
  • Airport <7,500m

Distances as the crow flies / Source: OpenStreetMap