Investment apartment in a quiet location with development potential

For sale is a well-maintained income property in a quiet side street near the center of Hollabrunn. The property was extensively renovated in 2012 and brought up to current standards. It comprises a total of 10 units (Top 1-10) with a total usable area of approx. 484,51 m².

The building is divided into a ground floor and an upper floor. Units Top 1 - 7 are located on the ground floor. Units Top 8- 10 are accommodated on the first upper floor and are accessible via their own staircase. Top 1 with a usable area of approx. 36,48 m² is the only unit designated for commercial use and allows additional diversification within the property. Top 6, Top 7 and Top 10 are equipped with terraces, Top 9 offers a balcony. These outdoor areas increase living comfort and support sustainable lettability. A cellar with an area of approx. 25 m² complements the space on offer.

Another significant advantage lies in the currently low development of the plot: Currently only around 30 % of the plot area of approx. 1.629m² is built on. The plot is located in the Bauland-Kerngebiet zoning, building class II, and has a possible buildability of up to 80 %. The difference between the current degree of development and the possible buildability results in an interesting potential for densification.

Key data at a glance

• Plot area: approx. 1.629 m²
• Total usable area: approx. 484,51 m²
• Cellar area: approx. 25 m²
• Units: 10, of which 9 residential units and one unit designated for commercial use
• Commercial unit Top 1: approx. 36,48 m²
• Extensive renovation to current standards: 2012
• Floors: ground floor and first upper floor
• Zoning: Bauland-Kerngebiet, Building class: II
• Buildability of the LIegenschaft: up to 80 % / Currently built: approx. 30 %

Letting and yield

Currently around 362,51 m² of the total usable area of approx. 484,51 m² is let. This results in an area-related occupancy rate of around 75 %.

• Current annual net rental income: EUR 44.229,24 / Current yield: approx. 2,99 %
• Annual net income at full occupancy: approx. EUR 55.470,- / Yield at full occupancy: approx. 3,75 %

Operating costs and heating

Current operating costs amount to approx. EUR 2,92 net per m² of usable area per month. For heating, approx. EUR 1,44 per m² and month are charged. Heat supply is provided by a gas central heating system. Heating costs are recharged and billed to the individual tenants by the property management.

Viewing & contact:

We will be happy to arrange an individual viewing appointment on site if you are interested. Simply contact us via the inquiry function on this listing portal or directly at www.consus-living.at .

We look forward to your inquiry !