Investment property with approved attic extension and attractive existing yield over 5% p.a

For sale is a fully rented investment property in Vienna's 12. district with 13 existing residential units and a total net usable area of around 777 m². The property has an approved attic conversion for three additional residential units with ca. 213 m² of additional usable space. This offers substantial value-add potential for investors and developers.

The current annual net rent amounts to around EUR 117.600, which corresponds to a yield of ca. 5,6 % on the purchase price.

The facts at a glance:

• Fully let investment property with 13 residential units and ongoing rental income.
• Approved attic expansion for 3 additional units (ca. 213 m² NF).
• Elevator installation planned in the course of the attic expansion.
• Attractive yield of ca. 5,6 % on the purchase price.
• Solid investment location in the 12. district with good infrastructure.
• Existing building with ground floor, 3 upper floors and attic.

Details:

The building comprises a ground floor, three upper floors and an attic. The 13 existing residential units range in size from approx. 37 m² to approx. 82 m². Of the apartments, 4 units are still rented to long-term tenants. This offers long-term potential for revenue growth.

The approved attic expansion contemplates the creation of three additional residential units with a total of approx. 213 m² of usable space. As part of the expansion, the installation of a passenger elevator across all floors is also planned.

Full documents will be provided after expression of interest.

For answering further questions and for viewing appointments I am happy to be available daily - including weekends - from 08:00 to 22:00.

I look forward to your contact, Christoph Bäckenberger, +43 664 85 191 25, [email protected]

Note pursuant to Energy Certificate Vorlagegesetz: 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 a total energy efficiency corresponding to the age and type of building is deemed agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.

The broker acts as a dual agent.

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