Concrete gold - rented for an indefinite period - secure investment with 3.3 % yield in an up-and-coming location just off Elterleinplatz

This historic building, constructed at the turn of the century at Bergsteiggasse 26A/Hernalser Hauptstraße 49, is situated in a sought-after residential area of Vienna’s 17th district. Following extensive renovation of the elegant Gründerzeit façade, all communal areas of the building have also been refurbished with great attention to detail. This magnificent corner apartment block comprises three standard storeys and a converted attic.

Top 20 on the 3rd floor

A classic Old Viennese investment flat is for sale in a central location in the 17th district. This freehold flat, let on a permanent tenancy, offers an attractive combination of immediate rental income, long-term planning security and tax benefits.

• Leased on a permanent basis
• Attractive purchase price with potential for future capital appreciation
• Regular income immediately after purchase
• Current net basic rent: EUR 8,026.56 per annum
• Current yield before service charges of 3.3%
• Stability of the property’s value
• Index-linked rent adjustment
• Tax benefits
• If the flat becomes vacant, market-rate rent / increase in yield
• Potential for owner-occupation or profitable resale

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

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

Surroundings

As well as excellent transport links, the location also offers superb local amenities. Numerous shopping facilities, public amenities, parks and shops for everyday needs are situated in the immediate vicinity.

The infrastructure is excellent, catering to all your day-to-day needs. Just a few minutes’ walk away are Pezzlpark and Elterleinplatz, which are ideal for children to play or simply enjoy the green surroundings. The 17th district, not far from the vineyards and lush greenery, offers the perfect home, as well as a sense of peace and tranquillity. This balance between rural idyll and the pulse of city life makes this district a true gem of Vienna. In no time at all, you can be in the city centre to enjoy the lively atmosphere, go shopping or discover the cultural heritage. The Heurigen, where you can feast amongst the vineyards, and the Jörgerbad, perfect for relaxation, are also not far away.
To get there, you can take tram lines 9, 43 or 44, which are just a 5-minute walk away; the U6 underground station ‘Alser Straße’ is also only about a 10-minute walk away, offering a perfect connection to the city centre. In future, the U5 station “Elterleinplatz” will further enhance transport links.

Service charges

For the sake of clarity, we would like to point out that, unless otherwise stated in the offer, a commission is payable upon successful completion of the sale, in accordance with the rates set out in the Estate Agents’ Ordinance (BGBI. 262 and 297/1996 – that is, 3% of the purchase price plus 20% VAT. This obligation to pay commission also applies if you pass on the information provided to you to third parties.

The drafting of the contract and escrow settlement are handled by the law firm of Mag. Schreiber, A-1010 Vienna, Schottenring 16. The costs amount to 1.5% of the purchase price plus 20% VAT, as well as out-of-pocket expenses and certification fees. In the event of external financing, the fee increases to 1.8 per cent of the purchase price plus 20 per cent VAT, out-of-pocket expenses and certification fees.

Please note that there is a close family or business relationship between the agent and the third party for whom the agency is being provided.

The agent is acting as a dual agent.

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