Attractive income property with 5 residential units, 1 gastronomy unit and approved developer project

Small, high-yield investment property with additional development potential

For sale is a versatile income-producing property on a spacious plot with an area of approx. 1,825 m². The property currently comprises five apartments, a gastronomy area and three garages, thus offering an interesting combination of ongoing income and long-term development potential.

The property generates net income of approx. €29,000 per year. Operating costs are already taken into account. This corresponds to a net return of around 5.3% and makes the property an attractive opportunity for investors who value ongoing income and a solid outlook.

Special development potential

A major advantage is the already approved developer project with more than 1,000 m² of usable floor space. This creates the opportunity to further significantly develop the existing plot in the future.

It is particularly worth emphasizing that no underground garage is required for the approved developer project. This may considerably benefit the implementation and economic viability of the project.

The plot is very easily accessible from all sides. The special island location also provides excellent development and access possibilities.

Key facts at a glance

• Plot area: approx. 1,825 m²
• Existing use: 5 apartments, 1 gastronomy area, 3 garages, 5 parking spaces (Unit No. 01 usable floor space 58.30 m² ground floor, Unit No. 103 usable floor space 29.00 m² ground floor, Unit No. 04 usable floor space 29.00 m² 1st floor, Unit No. 05 usable floor space 30.30 m² 1st floor, Unit No. 3 usable floor space 21.50 m² 1st floor, Unit No. 201 usable floor space 125.85 m² ground floor (commercial premises)
• Annual net income: approx. €29,000, operating costs already deducted
• Net return: approx. 5.3%
• Approved developer project, approx. 1,000 m² of usable floor space approved, no underground garage required

Conclusion

This property offers an attractive combination of immediate returns and future value creation potential. The existing five apartments, the gastronomy area and three garages provide ongoing income, while the already approved developer project opens up considerable additional potential.

An interesting opportunity for investors, developers and property developers looking for an existing income-producing property with a specific development outlook.

Have we sparked your interest? We would be pleased to present this special property to you during a personal viewing.

I look forward to hearing from you and will be pleased to provide you with further information. Carina Öttl 0664/1733381.

Please note that, due to our obligation to provide proof to the owner, we can only process enquiries containing the full address and telephone number. We point out that all information has been prepared to the best of our knowledge and belief. The actual dimensions may differ from the plan. We accept no liability for this. We accept no liability for information and details provided to us by the owners and third parties. This offer is non-binding and subject to availability. Resale, errors, printing errors and changes reserved. Numerical figures may be rounded or estimated.

In accordance with § 5, para. 3 of the Estate Agent Act, we point out:

Notice pursuant to the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller, despite our explanation of the generally applicable obligation to submit one and our request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We assume no guarantee or liability whatsoever for the actual energy efficiency of the property offered.

We point out that a family or economic relationship exists between the intermediary and the third party to be mediated.

The intermediary acts as a dual agent.