VOLLVERMIETUNG - Wohnhausanlage in Oberstrahlbach bei Zwettl

General Information: This property in the center of Oberstrahlbach offers an interesting investment opportunity. The building was converted in 2014 from an old inn into a residential complex and comprises a total of approximately 414 m² usable floor space, which is currently fully rented.

Usage distribution:

• Living space: The property contains four residential units, one of which is used as a shared living arrangement. These units are all rented and generate a net monthly rent of € 2,900.
• Storage space: On the ground floor there are additionally about 222 m² of storage space, partly used as common areas. A further 175 m² of storage space are still available for rent, which offers additional income potential.

Income and return:

The current net monthly rent is € 2.900. With the rental of the still vacant storage spaces, an additional approx. € 750 per month could be earned. This would increase total income to € 3.650 per month and enable a gross starting yield of approx. 7.96%, making the property a very attractive investment.

Advantages and potential:

• Stable income: The full occupancy of the living space ensures regular earnings.
• Additional earning opportunities: The vacant storage spaces offer further income potential.
• Central location: The location in Oberstrahlbach and the proximity to the town municipality and the district capital Zwettl increase the attractiveness of the property.
• Modern redevelopment: The 2014 conversion expanded the use possibilities of the building.

Note on condition:

It should be noted that the building is not in perfect condition. Some areas could benefit from renovation and modernization work to unlock the full potential of the property and achieve higher rental income in the long term.

Development potential:

In addition, consideration should be given to dividing the property. Due to the designation as agricultural building land (BA), up to four additional residential units could be created on the divided plot, depending on authorities' approvals. This potential expansion offers significant development potential for investors.

Despite its current condition, this property represents a solid investment opportunity, particularly for investors who are willing to invest in improving the property and benefit from the stable rental income as well as the additional income opportunities from renting out the storage spaces and the possible division of the plot.

Technical features and notes

• The property is listed in the property tax cadastre.
• The size per the land register is 2.008 m².
• The property lies in the agricultural building land (BA) according to the land-use plan.
• According to the Contaminated Sites Register there are no entries or apparent indications of contamination.
• The property is connected to the local utility grid.
• Electricity - provider is EVN.
• Water and wastewater are connected to the public sewer system.

Take the opportunity and become the owner of this attractive investment property. Schedule a viewing appointment today and let this well-located property in the heart of Oberstrahlbach convince you! We look forward to welcoming you in person. For further questions you can reach us at: +43 664 1838 268, or send me an email: [email protected]

Visit www.froeschl.estate and discover more 360° virtual tours and the latest properties! We are also happy to conduct guided virtual tours with you.

Additional costs when purchasing this property:

• 3,50 % real estate transfer tax
• 1,10 % land register entry fee
• Contract preparation costs/trustee handling (notary or lawyer) signing authentication and cash outlays for the purchase contract
• 3,00 % plus 20,00 % VAT (total 3,60 %) commission for successful mediation

Our information is based on the owner’s statements, therefore changes and inaccuracies are excepted.

Would you like to know the value of a property? Professional and precise valuations.

FRÖSCHL real estate determines the market value of your property. The written appraisal is a comprehensive document from which this emerges. We determine the current market value of your property based on the object, using the comparison value, the value in use or the income value, taking into account all relevant documents. We are happy to undertake valuations also for other occasions such as family matters, inheritances or tax requirements and the like.

The broker acts as a dual agent.

Infrastructure / Distances

Health
Doctor <4.000m
Hospital <5.500m
Clinic <5.000m
Pharmacy <4.500m

Children & Schools
School <4.500m
Kindergarten <4.000m
Higher School <5.000m

Local supply
Supermarket <4.500m
Bakery <4.500m
Shopping center <6.000m

Other
Bank <500m
Post <5.000m
ATM <5.000m
Police <4.500m

Traffic
Bus <500m
Highway access <3.500m
Train station <4.500m

Distances are straight-line / Source: OpenStreetMap