Attractive investment property on the Linz city border

Fully rented & around 8% gross yield – income property on the outskirts of Linz

An attractive opportunity for investors: This fully rented income property in Traun, immediately on the outskirts of Linz, impresses with existing tenancies, ongoing income and a gross yield of around 8% p.a.

The property is located on a 759 m² plot. The main building was constructed in 1960 and expanded with an addition as early as 1962. The property has been continuously maintained and specifically adapted for use as an income property. In 2020, most of the rooms were fundamentally renovated – including with new kitchenette units, painting work and partially renewed floors.

Investment was also made in the technical systems: The heating system was renewed around five years ago and converted to a groundwater heat pump.

10 existing tenancies – fully rented

The property currently has a total of 10 separate rental agreements, each concluded for a fixed term of 3 to 5 years.

In the addition, there is a studio apartment with its own bathroom on the ground floor and five individually rented rooms on the upper floor. Two shared bathrooms are available for these. The showers are equipped with coin slots, allowing water consumption to be controlled accordingly and kept low.

In the main building, there are three additional individually rented rooms on the ground floor, with a shared kitchen including dining area and a shared bathroom. An attic apartment with its own bathroom is additionally available on the upper floor.

Around 8% gross yield

With a purchase price of € 650,000,– and current rental income of € 4,400,– per month or € 52,800,– per year, this results in an attractive gross yield of around 8% p.a.

The current ongoing expenses of around € 700,– per month are offset against the income.

An electronic NUKI locking system and video surveillance of the property provide additional convenience in management.

The combination of full occupancy, ten existing rental agreements, around 8% gross yield, a modernized heating system and the attractive location immediately on the outskirts of Linz makes this property an interesting opportunity for investors.

An already functioning income property with ongoing cash flow – take it over and benefit from existing rental income.

Public transport connections

• approx. 3 minutes on foot (approx. 300m walking distance) to the Linz AG “Wattstraße” stop (line 43)
• approx. 10 minutes on foot (approx. 600m walking distance) to the Linz AG “St. Martin” stop (lines 43, 70, 72)
• approx. 14 minutes on foot (approx. 1300m walking distance) to the “St.Martin” S-Bahn stop (8 minutes’ travel time to Linz main station) (S4)

The broker is acting as a dual broker.