Investment property: new apartment building near Elterleinplatz

For sale is a 2021-built new construction with 9 residential units plus outdoor areas. The house is currently 100% leased under fixed-term contracts and is in overall like-new condition.

We act as sole appointed broker and are available for questions and to arrange appointments.

Highlights:

• Like-new condition
• VAT deduction / depreciation (AfA)
• No rent restrictions (free rent)
• Technically and energetically very good (HWB: B; 31)

Investor information:

The main rent is currently approximately 70.800 Euro.

Value-added tax of 20% is added to the stated purchase price. The total purchase price including VAT is EUR 3,300.000,-

Based on the purchase price and acquisition costs (assumed 10%), taking into account the basic cost share and annual AfA (1.5%), results in a net yield of approx. p.a. 3,30%

Location and surroundings:

The 2021-built house is located near the Elterleinplatz and Dornerplatz. Through the nearby Hernalser Hauptstraße, all daily necessities (department stores, groceries, banks, restaurants, cafes, doctors, schools, ...) are within walking distance for the residents of the building.

In addition, the public transport connections are very well connected:

• Line 9 (approx. 300 meters),
• Line 43 (approx. 350 meters -> 2 stops to U6 Alserstraße),
• Line 42 (approx. 600 meters)
• And from approx. 2032-2035 only about 350 meters to the new U5 Elterleinplatz

Facilities: House/Apartments:

The modern new build was constructed using durable building materials (BuA description available). The insulation material used and the triple glazing of the windows ensure lower heating costs. For heating and hot water generation one has chosen a central heating system with a gas condensing boiler and hot water storage. This directly controls the individual underfloor heating in the apartments. Billing is by actual consumption per apartment. The temperature of the heating is controlled by a room thermostat, only the additional towel warmer in the bathroom is operated electrically. The two DG apartments also have air conditioning with split units. A photovoltaic system (12 modules, approx. 5.0 kWp) has been installed.

• An 8-person elevator provides barrier-free access to every apartment. A notable feature of the building is the approx. 50 m² general garden area, which is landscaped with lawn, shrubs and bushes and is available to all residents of the building.
• Each apartment has an external sun protection (louver shutters or external roller shutters). Nearly all apartments, whether courtyard or street side, also have an outdoor area (balcony or terrace), which is equipped with lighting, a power outlet and a water connection.
• The courtyard offers, in addition to 14 bicycle parking spaces, a approx. 50 m² garden area that is landscaped and made available for common use.
• The bathrooms are each equipped with timeless tiles, a shower, toilet and washbasin with a vanity, and also have a direct ventilation option with a window.
• In all apartments a full kitchen has been installed (EWE kitchen with appliances from AEG).

Area details:

• Plot area according to land register: 234 m²
• Floors: EG - OG1 - OG2 - OG3 - DG1 - DG2
• Number of apartments: 9
• Number of storage rooms: 4
• Common areas: bicycle parking area, approx. 38,22 m² / garden area, approx. 48,24 m²
• Gross building area (built-up area): approx. 125 m²
• Gross floor area: approx. 476 m²
• Total living area: approx. 408,8 m²
• Total outdoor areas: Terraces, approx. 22,25 m² / Loggia, approx. 2,69 m² / Balconies, approx. 45,20 m²

If you are interested in this modern income property, I am happy to answer further questions and provide information at [email protected].

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.