Investment apartment in quiet location with development potential

A well-maintained income-producing property is offered for sale in a quiet side street near the centre of Hollabrunn. The property was extensively converted from a commercial property in 2012 and brought up to its current standard. It comprises a total of 10 units (Top 1-10) with a total usable floor 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 situated on the first upper floor and are accessible via their own staircase. Top 1, with a usable floor area of approx. 36.48 m², is the only unit designated for commercial use and enables additional diversification within the property. Top 6, Top 7 and Top 10 are equipped with terraces; Top 9 offers a balcony. These open spaces increase living comfort and support sustainable lettability. A cellar with an area of approx. 25 m² complements the space available.

Another advantage is the currently low utilisation of the plot’s development ratio: At present, only around 30 % of the plot area of approx. 1,629 m² is built on. The plot is located in the building land core area, building class II, and has possible buildability of up to 80 %.

Key facts at a glance

• Plot area: approx. 1,629 m²
• Total usable floor area: approx. 484.51 m²
• Cellar area: approx. 25 m²
• Units: 10, of which 9 are residential units and one is a unit designated for commercial use
• Commercial unit Top 1: approx. 36.48 m²
• Extensive conversion to the current standard: 2012
• Floors: ground floor and first upper floor
• Designation: building land core area, building class: II
• Buildability of the LIegenschaft: up to 80 % / Currently built on: approx. 30 %

Letting and income

Currently, around 362.51 m² of the total usable floor area of approx. 484.51 m² is rented out. This results in an area-based 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

The ongoing operating costs currently amount to around EUR 2.92 net per m² of usable floor area per month. Around EUR 1.44 per m² and month is charged for heating.

Heat is supplied by a central gas heating system. The heating costs are passed on and billed to the individual tenants by the property management.

Viewings & contact:

If interested, we would be pleased to arrange an individual viewing appointment on site. Simply contact us via the enquiry function on this property portal or directly at www.consus-living.at.

We look forward to your enquiry!