Rented investor apartment near Wienerberg with steady income

Not every investment property needs many square metres. 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 Vienna’s 10th district. The sale is exclusively as a complete package.

The investment comprises:

• 2 duplex boxes, each with an upper and a lower parking space
• 3 additional stacker parking spaces (upper or lower)

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

Parking spaces in particular are among the more straightforward forms of real estate investment. The administrative effort is manageable compared with conventional residential properties, while there is consistently high demand for parking options, especially in urban locations.

Investment data:

• Purchase price: € 129.000,--
• Number of parking spaces: 7
• Monthly rental income: € 770,-- gross
• Annual rental income: € 9.240,-- gross

Monthly assessment per parking space

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

The garage is located in Herzgasse in Vienna-Favoriten, not far from Wienerberg and Wienerbergteich. Its location on a one-way street ensures convenient access and good accessibility.

This garage package is particularly suitable for investors seeking an already rented property with ongoing income and manageable administrative effort.

We would be pleased to send you all relevant documents as well as further information about the existing tenancies and look forward to hearing from you.

Price: € 129.000,--

The broker is acting as a dual agent.

Notice due to the current situation concerning coronavirus:

Companies in the area of the Professional Association of Real Estate and Asset Trustees (real estate trustees and debt collection institutes) are strongly advised, from 16 March 2020, to discontinue all personal customer contact, including in external fieldwork (such as viewings or visits by external employees – debt collectors).

The regulations apply from 16.3.2020 to 13.4.2020.

This concerns everyone’s health; 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 gladly by telephone, email, Whatsapp or video conference; we now have enough time to chat :-)