Multi-unit Residential Building 6% Target Yield Near Rax Exclusive Mandate

Multi-party house with approx. 600 m² usable residential floor area & development potential

Brief description

An interesting multi-party house / investment property near Rax is offered for sale.

The property has approx. 600 m² of usable residential floor area and is divided into several residential units. In addition, generous garden areas totalling approx. 654 m² and a garage are available.

According to the documents, the property currently generates net rent of around € 27,000,- p.a. It is particularly interesting that a large unit with approx. 142 m² of usable residential floor area and approx. 210 m² of garden area is listed without specified rental data and therefore offers additional potential for re-letting, owner-occupation or optimisation.

The purchase price is € 600,000,-.

Key data

• Type of property: Multi-party house / investment property
• Usable residential floor area: approx. 600 m²
• Garden areas: approx. 654 m²
• Units: several residential units
• Garage: available
• Current net rent: approx. € 27,000,- p.a.
• Target rent: approx. € 36,000,- p.a
• Purchase price: € 600,000,-
• Purchase price/m² usable residential floor area: approx. € 1,000,-/m²
• Current yield: approx. 4.5 %
• Target yield: approx. 6 %
• Potential: large unit without specified rental data

Location

The property is located in a popular residential and recreational region near Reichenau an der Rax, Semmering and Schneeberg. The railway station is in the vicinity and offers good connections towards Wiener Neustadt and Vienna.

The location is suitable both for long-term letting and for buyers seeking a property with development potential in a natural region.

Contact:

We would be happy to send you further documents or arrange a personal viewing appointment.

Please note:

Enquiries can only be processed if your complete contact details (first and last name or company name, address, telephone number and e-mail address) are provided.

Notice pursuant to the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller, despite our explanation of the generally applicable obligation to submit one and our request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We assume no warranty or liability whatsoever for the actual energy efficiency of the property offered.

We point out that there is a family or economic relationship of proximity between the broker and the third party to be brokered.

The broker acts as a dual agent.