Project description

The property is a well-kept corner building from 1990 with a marvellous view of the Schubertpark opposite. The building comprises a ground floor, four upper floors and an attic storey. A total of 19 residential units and 17 parking spaces in the building's own underground car park are for sale.

Location

The building boasts a prime location in the 18th district, directly opposite the popular Schubertpark. Here you can enjoy the ideal combination of urban living and green recreation on your doorstep.

A wide range of shopping facilities, charming cafés, restaurants and the traditional Kutschkermarkt are in the immediate vicinity. Pharmacies, banks and other local amenities are also within easy reach - everything that makes everyday life pleasant.

The connection to the public transport network is excellent: the U6 "Währinger Straße" underground line, tram lines 40 and 41 and bus lines 37A and 40A take you to Vienna city centre in just a few minutes.

A location that combines urban convenience with a high quality of life - ideal for owner-occupiers and investors alike.

The layout of this well-designed new-build flat is as follows:

• Entrance hall
• Guest WC
• Bathroom with bathtub
• storeroom
• Living room/kitchen with kitchenette
• Bedroom

A condominium let for an indefinite period offers an attractive combination of immediate rental income, long-term planning security and tax advantages.

• rented for an indefinite period

• Attractive purchase price for future appreciation

• Regular income immediately after purchase

• current net main rent: EUR 676.98 / month

• current yield before ancillary costs of 3%

• intrinsic value of the property

• Indexed rent adjustment

• Tax advantages

• Rent in line with the market / increase in yield when the flat becomes vacant

• Prospects for owner-occupation or profitable resale

This property is ideally suited as a medium to long-term investment with solid development potential.

Please note: Due to the existing tenancy, viewings are currently not possible. We will be happy to provide you with further documents on request.

Underground parking spaces can be purchased from € 15,000 in the building's own underground car park.

Ancillary costs

For the sake of good order, we would like to point out that, unless otherwise stated in the offer, a commission is payable on successful completion of the transaction at the rates stipulated in the Real Estate Agent Ordinance BGBI. 262 and 297/1996 - i.e. 3% of the purchase price plus 20% VAT. This commission obligation also applies if you pass on the information provided to you to third parties. There is a close economic relationship with the seller.

The contract is drawn up and handled in trust by Dr Christian Marth (Vavrovsky Heine Marth Rechtsanwälte) A-1010 Vienna, Fleischmarkt 1. The costs are 1.5% + 20% VAT + cash expenses.

The broker acts as a dual broker.

This text has been translated automatically. No liability is assumed for the accuracy and completeness of the translation. Changes and typographical errors reserved.