6% yield! Rental property with potential in Pottschach for sale!

On a roughly 970,00 m² large plot, the house offers 7 apartments, several storage rooms and a garage. The property is fully designated as building land in the core area.

The property can be entered from Pottschacher Straße as well as from Kirchengasse.

On the street side facing Pottschacher Straße there is a large entrance gate, which provides access to the property.

Via a stair ascent one reaches the upper floor, where there are 3 apartments in need of renovation (Tops 1-3).

From the courtyard, 2 more apartments are accessible, one of which has access to a detached garden.

Via an external staircase one reaches two more apartments (Tops 5 and 6).

4 apartments (tops 4, 5, 6 and 7) are currently occupied, the other apartments are currently vacant.

Apartments:

• Top 1 – Size (rounded): 60,00 m² – Heating: oven, electric heaters – Location: Upper floor
• Top 2 – Size (rounded): 54,00 m² – Heating: oven, electric heaters – Location: Upper floor
• Top 3 – Size (rounded): 68,00 m² – Heating: oven, electric heaters – Location: Upper floor
• Top 4 – Size (rounded): 65,00 m² – Heating: gas – Location: Ground floor
• Top 5 – Size (rounded): 55,00 m² – Heating: oven, gas prepared – Location: Upper floor
• Top 6 – Size (rounded): 56,00 m² – Heating: oven, gas prepared – Location: Upper floor
• Top 7 – Size (rounded): 85,00 m² – Heating: oven (pellets or wood), gas-condensing boiler – Location: Ground floor

Purchase price: € 299.000,00

Annual rental income around € 18.000,00

Annual yield around 6,00%

Additional costs:

• Real estate transfer tax: 3,5%
• Contract preparation
• Land registry entry: 1,1%
• Brokerage fee: 3 % of the purchase price + 20 % VAT = € 10.764,00

Notes:

• In the upper floor (Tops 2-3) there is an unrenovated water damage

Several renovations are currently being carried out.

Note pursuant to the Energy Certificate Submission Act: An energy certificate has not yet been submitted by the owner or seller, after our explanation about the generally applicable obligation to present it, as well as the request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and the type of the building is considered agreed. We make no warranties or liability for the actual energy efficiency of the offered property.