Attractive investment south of Graz – income property with 14 residential units at Zettling 31 and 33

A gain in every respect

Attractive residential property with 14 units and approximately 916 m² of usable floor space

The property at Zettling 31–33 comprises two apartment buildings with a total of 14 residential units and 15 PKW parking spaces on a spacious plot of approximately 2,641 m².

With a total usable floor space of approx. 916 m², attractive apartment sizes ranging from approximately 50 m² to 79 m², numerous balconies and terraces, and assigned garden areas, the property presents itself as a versatile residential property with long-term investment potential.

Figures & facts

• Purchase price: € 1.950.000,–
• Total usable floor space: approx. 916,14 m²
• Residential units: 14
• Apartment sizes: approx. 50–79 m²
• PKW parking spaces: 15
• Plot area: approx. 2,641 m²
• Current rental income incl. parking spaces: approx. € 6.350,– per month
• Vacant area: approx. 67,40 m²
• Area rented for an indefinite period: approx. 153,60 m²
• Occupancy rate: approx. 95 % during the observation period of 3 years
• Heating: oil
• Current yield: approx. 4 %

Two buildings – one attractive residential complex

The buildings, originally constructed before 1945, were extensively converted, extended and renovated in 1994/1995 and adapted to their present residential use. This resulted in the existing structure with two apartment buildings and a total of 14 residential units.

The well-designed layouts appeal to singles as well as couples and families. The combination of manageable apartment sizes, spacious outdoor areas and private parking spaces creates an attractive overall package for residents and investors.

The numerous balconies and terraces are particularly noteworthy. Apartments Top 5, Top 6, Top 7 and Top 14 each also have an assigned garden area. Each apartment additionally has its own PKW parking space.

High quality of living meets solid rental potential

The occupancy rate of approximately 95 % over an observation period of three years underlines the demand for this type of housing. The attractive apartment layouts, spacious outdoor areas and existing parking spaces make a significant contribution to good rentability.

The property therefore offers an interesting combination of ongoing rental income, attractive quality of living and long-term development potential.

Quiet location with Graz within immediate reach

Zettling combines a quiet, green residential environment with proximity to the provincial capital Graz. The location is ideal for anyone who appreciates the advantages of a relaxed residential environment while also wanting good access to Graz’s infrastructure and the surrounding business locations.

The A9 Pyhrn motorway and the A2 Süd motorway provide very good connections to Graz and the southern employment centres as well as to destinations beyond the region. Graz Airport is also easily accessible and represents an additional locational advantage for travellers within the region and internationally.

Family-friendly infrastructure

Families also benefit from the good infrastructure in the surrounding area. With the nursery and kindergarten located directly in Zettling, important childcare facilities are available locally. For school-age children, the Premstätten primary school and secondary school are available approximately 4 km away. Further educational facilities are located in the surrounding municipalities.

The location therefore offers an attractive combination of quiet living in a green setting and family-friendly infrastructure – an important advantage for the long-term rentability of the apartments.

Leisure activities & local amenities at a glance

The surrounding area also offers numerous opportunities for leisure activities. Directly in Zettling are, among other things, the Generationenpark and the Zettling Tennis Club. Styria Karting, also located in Zettling, provides additional sporting variety.

A particular highlight in the surrounding area is Schwarzlsee in Unterpremstätten. The extensive leisure area offers numerous opportunities for relaxation, sports and leisure activities and is only a few minutes’ drive away.

Local amenities are also available within a short driving distance. In Premstätten, HOFER and SPAR, among others, are available for daily shopping.

Numerous inns, restaurants and cafés in Zettling, Premstätten and Kalsdorf provide culinary variety. Farm shops and regional direct marketers such as GenussBauernhof Hillebrand also complement the range of offerings in the surrounding area.

A property with prospects

The combination of 14 residential units, 15 parking spaces, approximately 916 m² of usable floor space, a spacious plot and sustainably high occupancy makes Zettling 31–33 an interesting investment property.

• Quality of living for tenants.
• Income potential for the owner.
• Prospects for the future.

Purchase price: € 1.950.000,–

Broker’s commission: 3 % of the purchase price plus 20 % VAT.

Purchase ancillary costs:
The real estate transfer tax amounting to 3,5 % of the purchase price as well as the court registration fee of 1,1 % of the purchase price, including the costs of drawing up the purchase agreement, are borne by the buyer.

Note: Some of the images shown are symbolic photographs. The actual fittings and execution may differ from the illustrations shown. The apartments have fitted kitchens.

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