Fully Renovated Residential Complex in Linz

The residential complex, renovated comprehensively between 2022 and 2024, offers modern living comfort in a central location. The ensemble, originally built in 1954, now comprises 33 fully renovated apartments ranging from 50 to 100 m², all converted to district heating and mostly equipped with new, parking-side balconies.

In addition to excellent transport connections via a bus stop at the door and the proximity to the train station and motorway access, the planned under-tunneling of the street running past the property by ASFINAG is expected to lead to a clear reduction in traffic and an upgrade of the property.

The offering is complemented by outdoor parking spaces and an already available use-value appraisal for a house that enables later partitioning.

Key data:

• 33 apartments (ca. 50-100 m²), of which 14 units are rented
• Total usable floor area 1.884 m²
• Current rent: approx. EUR 115.610 p.a. (average EUR 11,21 per m² p.m.)
• Target rent approx. EUR 260.000 p.a. (EUR 11,50 per m², fully rented)
• Purchase price: EUR 5.950.000,00 plus VAT

Additionally in the package is a parcel of land on which there is currently a building right until 15.11.2036 in favor of a non-profit building association. The annual ground rent amounts to approx. EUR 9.912. After expiry, the building (after an instalment payment) falls to the landowner.

The real estate agent has not checked the applicability of any rent control restrictions. Reference is made to the statement commissioned by the seller from Dr. Beber.

Non-binding, without obligation offer. Information provided to the best of the seller's knowledge and belief; no liability for accuracy is assumed. Verbal side agreements to the offered property require, for their effectiveness, written form. Errors, printing mistakes and changes reserved. In the event of a successful mediation, the statutory or indicated commission in the amount of 3.0% of the gross sale price plus 20% VAT is due for payment. The broker acts as a double broker.