Station nearby Anlegerwohnung with development potential

A well-maintained apartment building is for sale on 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. The property comprises a total of 10 units (Top 1-10) with a total usable area of 484.51 m².

The building comprises a ground floor and an upper floor. Units Top 1 - 7 are on the ground floor. Units Top 8- 10 are located on the first upper floor and can be reached via a separate staircase. Top 1, with a usable area of approx. 37 m², is the only unit designated for commercial use and allows for additional diversification within the property. Top 6, Top 7 and Top 10 have terraces, while Top 9 offers a balcony. These outdoor spaces increase residential comfort and support sustainable rentability. A cellar with an area of approx. 25 m² adds to the available space and can be used by the tenants as a communal area.

A further advantage is the currently low utilisation of the plot's building density: At present, only around 30% of the plot area of approx. 1,629 m² is built on. The plot is located in a building land core area, Building Class II, and has a potential building coverage of up to 80%.

Key facts at a glance:

• Plot area: approx. 1,629 m²
• Total usable area: 484.51 m²
• Cellar area: approx. 25 m²
• Units: 10, including 9 residential units and one unit designated for commercial use
• Commercial unit Top 1: approx. 37 m²
• Comprehensive renovation to its current standard: 2012
• Floors: ground floor and first upper floor
• Zoning: building land core area, Building Class: II
• Potential building coverage of the property: up to 80% / currently built on: approx. 30%

Rental and income:

Currently, 365.48 m² of the total usable area of 484.51 m² is rented. This corresponds to an area-based occupancy rate of around 75%.

Current annual net rental income: EUR 44.023,- / this results in a current yield of approx. 3,04%
Annual net income at full occupancy: approx. EUR 60.274,- / yield at full occupancy: approx. 4,16 %

Operating costs and heating:

Current ongoing operating costs are around EUR 2,93 net per m² of usable area per month. Around EUR 1,44 per m² per month is charged for central heating.

Heat is supplied by a gas central heating system. The property management company passes on and bills the heating costs to the individual tenants.

Viewings & contact:

If you are interested, we would be happy to arrange an individual viewing appointment on site. Simply contact us using the enquiry function on this real estate portal or directly at www.consus-living.at.

We look forward to your enquiry!