Rented garage package with seven parking spaces investment apartment

Not every investment property needs many square meters. Sometimes one parking space is enough — or even seven.

For sale is a garage package consisting of a total of seven rented stacker parking spaces in Herzgasse in the 10th district of Vienna. The sale is exclusively in the complete package.

The investment comprises:

• 2 duplex boxes each with one upper and one lower parking space
• 3 further stacker parking spaces (upper or lower)

All parking spaces are currently rented. With the purchase you take over all seven existing tenancies and thus achieve ongoing rental income of currently € 770,-- gross per month.

Parking spaces are among the less complicated forms of real estate investment. The administrative effort is manageable compared to classic residential properties, while there is a consistently high demand for parking facilities, especially in urban locations.

Investment data:

• Purchase price: € 140.000,--
• Number of parking spaces: 7
• Monthly rental income: € 770,-- gross
• Annual rental income: € 9.240,-- gross

Monthly charge per parking space

• Operating costs garage: € 22,91 plus 20% VAT
• General operating costs: € 17,50 plus 20% VAT
• Reserve: € 7,20
• Garage reserve: € 10,20
• Total charge per parking space: € 65,89 / month

The garage is located in Herzgasse in Vienna-Favoriten, not far from the Wienerberg and the Wienerberg pond. The location within a one-way street ensures comfortable access and good reachability.

This garage package is particularly suitable for investors who are looking for a property that is already rented with ongoing income and manageable administrative effort.

We will be happy to send you all relevant documents as well as further information on the existing tenancies and look forward to hearing from you.

Price: € 140.000,--

The broker acts as a dual agent.

Note due to the current situation regarding the coronavirus:

For companies in the area of the Association of Real Estate and Asset Trustees (real estate trustees and debt collection institutes), it is strongly recommended from 16 March 2020 to suspend all personal customer contact, including field service (such as viewings or visits by field staff - collectors).

The regulations apply from 16.3.2020 to 13.4.2020.

This is about the health of all of us, therefore we have decided to comply with these measures for the coming weeks and ask for your understanding. Of course, you can still reach us very well by phone, mail, Whatsapp or videoconference, we now have plenty of time for a chat :-)