Investor hit! Unlimited rented 3 room apartment with balcony in popular location near Schlossquadrat

A garden-level flat, let on a permanent tenancy, with a floor area of just under 55m² plus a balcony, is now for sale in block 6.

The annual income amounts to approximately €8,917, which corresponds to a yield of approximately 3.57 per cent. A reasonable basic rent applies to this property (according to the valuation report).

There are currently 5 flats for sale in the building, which can also be purchased as a package. The interior photographs are of a flat in the building that has already been sold, shown for illustrative purposes.

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Location

The property is situated on Ziegelofengasse – near Mittersteig and Schlossquadrat – and is therefore in a prime and highly sought-after location in Vienna’s 5th district.

Access to the public transport network is excellent. The Pilgramgasse U4 station and bus routes 13A and 14A are all in the immediate vicinity.

Service charges

For the sake of clarity, we would like to point out that, unless otherwise stated in the offer, a commission will be payable upon successful completion of the sale, in accordance with the rates set out in the Estate Agents’ Regulations (BGBI. 262 and 297/1996 – that is, 3 per cent of the purchase price plus 20 per cent VAT, or 2 months’ gross rent plus 20 per cent VAT. This obligation to pay commission also applies if you pass on the information provided to you to third parties. There is a close business relationship with the seller. The drafting of the contract and escrow settlement are handled by the notary Dr Pressl, A-1030 Vienna, Hetzgasse 45. The costs amount to 2% + 20% VAT + out-of-pocket expenses.

All information provided to you herein has been disclosed to us by the seller. We cannot guarantee its accuracy or completeness.

We would like to point out that there is a close family or business relationship between the agent and the third party involved in the transaction.

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.