Central Townhouse in Linz

Solid investment with attractive returns, appreciation potential and expansion potential!

To quickly generate cash, it is also well suited for the sale of individual residential units.

Currently there is an exciting acquisition opportunity for a townhouse in Linz city centre. The continuation in the existing portfolio as well as the refinement / expansion of the property promise an exciting appreciation. The property also offers excellent visibility and access to transportation for office locations or similar. Only about 2 minutes to the Main Square!

The property has the "Widmung Kerngebiet" designation and is not covered by any development plan.

An upward extension of the existing attic into a full floor AND a potential expansion of the attic space above it should be possible according to the owner. Thus, in total approx. 1,200 m² net usable floor area (WNF) could be generated. Further details are, since there is no development plan, to be evaluated individually depending on the project and coordinated with city development authorities.

The property with a total of 17 units is almost fully leased under fixed-term contracts. The building is approximately half basemented. The residential units on the ground floor are completely renovated (bathrooms, floors - partly underfloor heating, kitchen). On the 1st floor there are 3 apartments completely renovated. On the 2nd floor there are 3 larger apartments. In the attic there are 5 apartments - partly renovated. In the building in recent years, except for the staircase, all windows have been replaced. In the attic, expansion to beautiful penthouses with views over the Danube would be possible. A lift installation could possibly be built, for example in the courtyard.

FACTS:

• Zoning: K - Core area
• Purchase price expectation: EUR 2.25 Mio. plus purchase ancillary costs
• Net usable floor area (WNF) ACTUAL: ca. 882 m²
• Return IST: ca. 4,64 %
• Return SOLL (kalk): 4,88 %
• Units: 17
• Fixed-term: 14
• Unrestricted: 2
• Vacancy: 1
• Parking spaces in the courtyard: ca. 4-6
• Lift: NO
• Value add: sustainable investment, individual sale, various usage possibilities, upward expansion / attic expansion

No monument protection.

Further details (yield schedule, etc.) are available on request when you provide your contact details.

We look forward to a viewing appointment!

Linz is a continuously growing city in Upper Austria, located on the Danube, about halfway between Salzburg and Vienna. The Main Square is lined with Baroque buildings, including the Old Town Hall and the Old Cathedral. The Lentos Art Museum Linz, located directly on the Danube riverbank, houses an extensive collection of contemporary art. Across the river stands the striking Ars Electronica Center.

Linz has about 214,000 inhabitants, after Vienna and Graz, the third-largest city in Austria.

LOCATION - INFRASTRUCTURE

• Population Linz: ca. 214,000
• Donauufer: ca. 100 m
• Main Square: ca. 350 m
• Lentos: ca. 80 m
• Sandburg: ca. 350 m
• Railway station: ca. 2,5 km
• Vienna: ca. 180 km
• Salzburg: ca. 130 km

All m² figures are approximate.

The broker acts as a dual agent.

Property subject to commission.

3% brokerage fee of the actual gross total purchase price plus 20% VAT.

The offer is non-binding and without obligation.

All information is provided without warranty and without claim to completeness.

An interim resale remains reserved.

The real estate offer is CONFIDENTIAL. Any disclosure or other use of information about the property(ies) entails liability for the broker's fee.

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