Investment with good risk diversification

Investment with good risk diversification

Small investment house in Salzburg City - Schallmoos

Location

The house is located in a quiet side street between Ignaz Härtl Straße and Linzer Bundesstraße in the lively Salzburg city district Schallmoos. All essential infrastructural facilities such as groceries, doctors and pharmacies are within walking distance. The transport connections are excellent. The line of public transport (O-Bus line 2) is about 250 m from the property. The next highway junction - Salzburg Nord - is about 4.5 km away and easily accessible.

Description of the building in general

The residential and commercial building was constructed according to the documents, originally in 1899, and has a ground floor as well as two upper floors and is partially basemented. All floors are accessed via an interior staircase. The house shows an average state of preservation and is reliably managed. Next to the property there is a parking space for the ground-floor commercial areas.

The property consists in total of five rented units with sizes between around 80 m2 (commercial) and four about 40m2 large apartments, which are configured as garconnieres and 2-room apartments.

Description of rental units

The condition of the commercial space and the interiors of the apartments is simple, but largely to be described as good. Kitchens and baths were renewed a little over ten years ago. New lettings are therefore possible according to the current state without larger investments. One apartment on the first floor is currently not renovated.

Condition of the building / structures

The building interior was modernized in 2008. The condition of these renovations is consistently described as good.

The exterior building envelope has not yet been renewed, so investments may be required in the coming years.

The electrical system was also renewed in 2008 and has an FI protection switch, ensuring the system meets legal requirements.

The property is supplied by a central building heating system with heat and hot water. The primary energy source is natural gas. The heating system is older, but according to the seller's information, it is in functional condition.

Conclusion

• charming, small investment house in a good Salzburg city location
• small, quickly lettable rental units – thus well-diversifiable risk diversification
• no rent arrears – reliable tenant base
• investments in the building are required

We are happy to provide you with further information or arrange a viewing appointment.

We would like to point out that there is a familial or economic close relationship between the intermediary and the third party to be mediated.

The broker acts as a dual broker.