Charming Gründerzeit Investment Property with Stable Returns in Graz

In a prominent corner location in the dynamic Graz district of Gries, this impressive Gründerzeit income property presents itself as a rare opportunity for investors focused on sustainable existing properties and long-term value development.

The turn-of-the-century property impresses with its classic architecture, the artfully articulated façade, and the unmistakable old building character with urban flair. The building has been continuously maintained and comprehensively modernized in several stages, combining historic charm with contemporary living comfort.

The property comprises a total of 24 residential units as well as one gastrolokal with a total usable area of around 1.418 m². The apartments offer sizes between ca. 39 m² and 74 m² and thus provide an ideal apartment mix for the highly sought-after target group of urban small- and mid-sized households.

Of the total 25 existing units, 7 apartments are currently rented on an open-ended basis.

The units are predominantly in well-maintained condition and are largely equipped with modern kitchen areas, functional sanitary facilities, as well as parquet or laminate floors. The building is fully basemented, the apartments are assigned basement storage. Heating is provided by district heating.

The current occupancy status includes all units with the exception of only four apartments. The current net annual yield is approximately EUR 99.225,-, while at full occupancy a sustainable rental potential of approximately EUR 120.000,- per year could be achieved.

The excellent infrastructure, proximity to the Graz city center, and the outstanding public transport connections make this location particularly attractive. Shopping facilities, schools, gastronomy and public transport are in the immediate vicinity.

An characterful old-building investment with a stable income base and additional value-creation potential.

Details

• Property type: rental house / multi-family house
• Location: Graz-Gries, Josef-Huber-Gasse 24, 8020 Graz
• Year built: approx. 1900
• Usable area: approx. 1.418 m²
• Plot: approx. 554 m²
• Units: 24 apartments + 1 gastrolokal

Inventory

• Mostly well-maintained condition
• Continuously renovated and maintained
• District heating
• Fully basemented
• Apartment mix: approx. 39–74 m²
• Very good rental prospects due to compact floor plans

Lettings

• Currently rented out for all units except four apartments
• Current net annual income IST: ca. EUR 99.225,-
• Target net annual income SOLL: ca. EUR 120.000,-

Purchase price

EUR 2.600.000,-

Yield

• IST-Rendite: ca. 3,82 %
• SOLL-Rendite: ca. 4,6 %

Investment profile

• Solid old building stock
• Good micro-location with sustainable demand
• Rental growth potential
• Attractive combination of existing income and value development