Rental Building with Yield and Development Potential

TOP Investment - approximately 5,9% return currently! Approximately 3000m² possible with demolition-new construction! Grab this carefree package with great potential!

For sale is an attractive property with approx. 914m² of existing space (street wing + hall) and the possibility to expand the attic or plan a new building. There is already a planning submission with a potential of approx. 3000m² of achievable space.

Currently the property is leased on a fixed term (2027) and a modern premises on the ground floor has been completed with a nice courtyard garden. The apartments have been renovated, as well as the façade on the courtyard side with a full thermal insulation and the windows were renewed in 2010.

Facts / Current state:

• Existing space: ca. 914m²
• Layout of the existing space: Living area: ca. 227,11m² + Commercial area: ca. 686,19m²
• All units leased on a fixed-term basis. (2027)
• The apartments have been renovated, the windows were renewed in 2010 as well.
• Premises on the ground floor with a valid operating permit.
• Current rental income: € 10.668,75.- net per month
• Current yield ca. 5,9%
• Additional rental income from the advertising space still possible (ca. € 400.-/month)
• Planning submission for demolition/new construction available for ca. 3000m²
• PV system with 29kwp possible!

Purchase price: € 1.790.000.-

What are you waiting for? We would be happy to advise you and send you further documents such as the interest list, planning submission, etc. upon request.

www.schantl-ith.at

Note pursuant to the Energy Certificate Vorlage Act: An energy certificate has not yet been submitted by the owner or seller, after our clarification about the generally applicable submission obligation, as well as a request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and the type of building is deemed agreed. We make no warranty or liability for the actual energy efficiency of the offered property.

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.

The broker acts as a dual agent.

Infrastructure / Distances

Health

• Doctor <1.000m
• Pharmacy <500m
• Clinic <1.000m
• Hospital <2.500m

Children & Schools

• School <500m
• Kindergarten <500m
• University <5.500m
• Higher education <5.500m

Nearby amenities

• Shopping center <1.500m
• Supermarket <500m
• Bakery <500m

Other

• ATM <1.000m
• Bank <500m
• Post office <1.000m
• Police <1.500m

Traffic

• Bus <500m
• Underground <2.000m
• Tram <2.000m
• Railway station <1.000m
• Highway access <3.000m

Distances are given as the crow flies / Source: OpenStreetMap