Investment apartment in central location with attic development potential

Solid investment with attractive return, increase in value & expansion potential!

Also very well suited for the individual sale of the residential units in order to generate "CASH" quickly.

You currently have an exciting opportunity to acquire a townhouse in Linz city centre. Continuing to operate the existing property as well as enhancing / expanding the property promise an exciting increase in value. The property also offers excellent visibility and transport connections for office locations or similar. Only approx. 2 minutes to the main square!

The property has the "core area zoning" designation and is not covered by any development plan. An extension / expansion of the existing attic / roof space as a full storey should be possible according to the owners. Since there is no development plan, further details must be assessed individually depending on the project and coordinated with the urban development department.

The property, with a total of 17 units, is almost entirely rented out under fixed-term contracts. 3 contracts are open-ended. The building has a basement covering approx. half of its area. The residential units on the ground floor have been completely renovated (bathrooms, floors, residential ventilation - partly underfloor heating, kitchen). On the 1st floor, 3 apartments have been completely renovated. The 1st floor also contains a large commercial area. The 2nd floor contains another large commercial area. There are 5 apartments on the attic floor - some with a new kitchen. In recent years, all windows in the building have been replaced, except for those in the stairwell. The attic could potentially be converted into magnificent penthouses, possibly with a view over the Danube. A lift system could potentially be retrofitted, e.g. in the courtyard.

Facts:

• Zoning: K - core area
• Expected purchase price: EUR 2.10 million plus ancillary purchase costs
• Net usable floor area (WNF) CURRENT: approx. 882 m²
• Return CURRENT: approx. 4.97%
• Return TARGET (calculated): 5.23%
• Units: 17
• Fixed-term: 14
• Open-ended: 2
• Vacancy: 1
• Parking spaces in the courtyard: approx. 4-6
• Lift: NO
• VALUE ADD: sustainable investment, individual sale, various possible uses, extension / attic expansion

No monument protection.

Further details (rent roll, etc.) are available upon request, stating your contact details.

We look forward to arranging a viewing appointment!

LINZ is a continuously growing city in Upper Austria, located on the Danube and approximately 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 banks of the Danube, houses an extensive collection of contemporary art. The striking Ars Electronica Center is located on the opposite bank. With approx. 214,000 inhabitants, Linz is Austria’s third-largest city after Vienna and Graz.

Location - Infrastructure

• Inhabitants of Linz: approx. 214,000
• Donaulände: approx. 100 m
• Main square: approx. 350 m
• Lentos: approx. 80 m
• Sandburg: approx. 350 m
• Railway station: approx. 2.5 km
• Vienna: approx. 180 km
• Salzburg: approx. 130 km

All m² figures are approximate. The broker is acting as a dual broker. Property subject to commission. 3% brokerage commission of the actual gross total purchase price plus 20% VAT. The offer is non-binding and subject to change. All information is provided without guarantee and without any claim to completeness. Intermediate exploitation remains reserved. The property offer is confidential. Any disclosure or other use of the information concerning the property/properties entails liability for the brokerage fee.

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