WONDERFUL NEW BUILD INCOME PROPERTY with 4.6% Yield - fully let - Near U6!

New-build apartment building in Vienna-Liesing

Investment property in Siebenhirten – 1/1 share

Property description

For sale is a residential building completed in 2024 in Siebenhirten, in Vienna’s 23rd municipal district. The property is located in a developing residential area and is within easy reach of the Siebenhirten U6 station.

The property is aimed in particular at investors seeking a newly constructed and already rented residential property with a clear income structure. All apartments have been rented since completion; each unit was fitted with fitted kitchens by the seller.

The building combines a contemporary, reduced architectural language with functional layouts and modern fittings. An energy-efficient system consisting of an air-source heat pump and a photovoltaic system installed on the roof is used for heat supply.

Property figures

• Units: 22 apartments
• Year of construction / completion: 2024
• Total residential floor area: 1,189.15 m²
• Total outdoor areas: 374.29 m²
• Weighted area: 1,310.77 m²
• Apartment sizes: approx. 38.82 m² to 80.36 m²
• Parking spaces: 12 underground parking spaces
• Outdoor areas: private gardens, loggias, balconies and terraces

Apartment structure

• 1 apartment with one room
• 12 apartments with two rooms
• 6 apartments with three rooms
• 3 apartments with four rooms

The total of 22 units is distributed across five garden or terrace apartments, one standard floor and two penthouse floors.

Fittings and technical features

• Triple-glazed insulating plastic/aluminium windows
• External sun protection using venetian blinds or roller shutters
• Oak parquet flooring in the living areas
• High-quality sanitary fittings, including those from Grohe
• Walk-in showers or bathtubs
• Modernly designed tiled areas in a friendly, Mediterranean style
• Underfloor heating supplied by the air-source heat pump and supported by the rooftop photovoltaic system
• Air-conditioning units in the apartments on the second penthouse floor

Rental and income situation

The property is currently fully rented. The net principal rents currently achieved and the calculated income situation at full occupancy are shown below:

• Current actual income – 22 apartments + 4 parking spaces: Monthly net principal rent EUR 18,378.51; Annual net principal rent EUR 220,542.12
• Calculated target income – 22 apartments + 12 parking spaces: Monthly net principal rent EUR 19,045.15; Annual net principal rent EUR 228,541.80

For the eight parking spaces currently not rented, a monthly net rent assumption of EUR 83.33 was taken into account for the target calculation in each case.

Purchase price and transaction structure

Purchase price: EUR 5,000,000.00 plus 20 % value-added tax. In principle, the transaction can be structured both as an asset deal and as a share deal.

Brokerage commission and legal information

Upon mutual agreement, the purchasing party undertakes to pay a buyer’s commission amounting to 3 % of the notarized purchase price plus 20 % value-added tax.

All information on areas, rents and income is based on information provided by the seller or by the owner or property management. The information has been checked to the best of our knowledge; however, no guarantee is assumed for its accuracy, completeness or currency.

Rimmo Prime Vermittlungs GmbH acts as a dual broker within the meaning of § 5 of the Austrian Maklergesetz. In addition, attention is drawn to the existing close economic relationship between the seller and Rimmo Prime Vermittlungs GmbH.

Note: All property, area and income details must be verified against the current documents before a transaction. The images shown are symbolic images.

We point out that a family or economic relationship exists between the broker and the third party to be brokered.

The broker acts as a dual broker.