Income building in the center of Gmünd Geothermal heating, modern fittings | 10 residential units plus approx. 180 m² attic development reserve

For sale is a renovated, basement-equipped apartment building in the city center of Gmünd with 10 residential units, a storage unit, balconies and considerable potential for conversion in the attic.

The property stands out for its future-proof geothermal central heating, good fittings (parquet/tiles, modern kitchens) and a well-maintained, renovated stairwell. With a mix of seven stable, fixed-term tenancies and three vacant apartments available for immediate rental (for which an interested-party waiting list already exists), the property offers the perfect balance of immediate cash flow and direct potential for appreciation.

• Property type:Apartment building / investment property
• Location: Center, 3950 Gmünd (Lower Austria)
• Year built: 1925 | Renovation: 2022 (very well-maintained condition)
• Heating: Sustainable geothermal energy (central heating)
• Units: 10 apartments + 1 commercial storage unit
• Total living area:479,75 m² (plus balconies)
• Outdoor areas: 6 balconies at 3,48 m² each (20,88 m² total)
• Additional areas (basement): Storage, bicycle & stroller room, communal room
• Conversion potential: Attic with approx. 180 m² estimated usable area
• Outdoor area: Common areas and access road in the private garden/courtyard

Floor area distribution & rental status

The building extends over a raised ground floor (HP) and two upper floors. All apartments are fitted with parquet and tiled floors as well as modern fitted kitchens.

UnitFloorStatusLiving areaBalconySpecial feature / fittings Top 1HPRented on a fixed term41,21 m²–Compact, easy-to-rent unit - base rent € 266,59 Top 2HPRented on a fixed term42,10 m²–Well-maintained fittings, courtyard/access-road view - base rent € 285,33 Top 3HPVacant (waiting list)31,13 m²–Studio apartment, available for immediate re-rental Top 4HPVacant (waiting list)37,13 m²–Optimal layout, ready for immediate occupancy Top 51st floorVacant (waiting list)57,03 m²3,48 m²Largest unit, ideal for families/couples Top 61st floorRented on a fixed term54,94 m²3,48 m²Excellent rental potential with outdoor space - base rent € 336,10 Top 71st floorRented on a fixed term53,00 m²3,48 m²Popular apartment size, bright - base rent € 349,02 Top 82nd floorRented on a fixed term55,67 m²3,48 m²Beautiful view, quiet location - base rent € 366,05 Top 92nd floorRented on a fixed term53,09 m²3,48 m²Perfectly laid-out 2-room apartment - base rent € 349,02 Top 102nd floorRented on a fixed term54,45 m²3,48 m²Top floor, flooded with light - base rent € 334,33

Base rents for the apartments rented on fixed terms total € 2.131,16 monthly.
Current yield around 4%.

Usable areas in the basement and attic

In addition to the building services, the basement offers extensive storage and communal areas for the tenants. All areas are in very good condition.

• Top 11 (commercial storage unit):5,80 m² usable area
• Additional storage rooms:
  • Storage room 1: 17,09 m²
  • Storage room 2: 2,30 m²
  • Storage room 3: 2,90 m²
• Tenant cellars: Each of the 10 apartments has its own dry cellar compartment (approx. 1,6 m² to 1,7 m²).
• Communal rooms: Spacious bicycle and stroller room, separate boiler room and a dedicated communal room.
• Attic (unfinished roof space): Approx. 180 m² estimated floor area. This area offers excellent potential for an attic conversion to create additional living space (penthouse apartments with far-reaching views)

• PURCHASE PRICE: € 999.000,- free of encumbrances

• Additional purchase costs:
  3,5% real estate transfer tax
  1,1% land register registration fee
  3,6% broker's fee
  ?% contract preparation costs + 20 % VAT

  Further documents are available upon request.

  Found your dream property? We can also take care of the right financing!

• Interest rates from 3,10 % – depending on the selected fixed-rate period
• Terms of up to 40 years possible
• Loans also available for pensioners up to age 99
• Financing also possible with less than 20 % of own funds
• This can make the path to owning a property possible even with less equity.
  Financing with a reduced share of own funds is subject to creditworthiness and is available only within a limited quota. Individual assessment required.
  Simply enquire and have financing options checked without obligation

• For further information, Ms. S.Benes will be happy to assist you at +43699 11 608706, [email protected] at any time.

• Please note that we can only process enquiries that include the complete address and personal details (name, address, telephone, email).

  Company name: gb-direkt Finanzberatung & Immobilienhandel GmbH
  Contact person: Ms. Snezana Benes
  Address: 1120 Wien, Aßmayergaße 60/1
  Telephone: +43699 11608706
  Email: [email protected]
  Mobile: +4366018250851100
  Fax: +43/1/81 00 733 ext. 24
  Web: www.direktfinanzimmo.at

  We point out that all information to which this exposé/listing relates is based exclusively on data and information from sellers/landlords or knowledgeable third parties, and we accept no liability whatsoever for it. Furthermore, we disclose that there is no family or economic relationship or partnership between the sellers/landlords and gb-direkt Finanzberatung & Immobilienhandel GmbH.

The agent acts as a dual agent.