Four story rental property with 16 residential units and subsidized attic conversion

This 4-story multi-family residential building is located very centrally in the trendy and up-and-coming Graz district of Lend, near Lendplatz, the main train station, and close to the inner city. The location of the property makes it particularly attractive. The apartment building consists of 16 residential units, which range from 31 m² to 73 m² across 4 floors. The designation of the property is WA (Wohnen Allgemein) with a max. BBD of 1,2. The majority of the 16 units are rented on an indefinite basis. With the exception of two units, the property is comfortably heated by district heating. Currently, the property achieves a net rent including annuity subsidies in the amount of rd. € 4.798,- per month, that is rd. € 73.523,- per year. In the case of future lettings of the indefinite units, the property offers enormous value appreciation potential, and net rental income of rd. € 83.344,- per year can be achieved. In the year 2011, the attic was comprehensively renovated with funding from the State of Steiermark, for which the state has not yet granted non-repayable annuity subsidies until 2026. Directly in front of the house there is the Green Zone which provides sufficient parking.