Investor hit! Unlimited rented garden apartment in popular location near Schlossquadrat

A garden flat in block 3, measuring just under 36 m² plus a terrace and garden, is now for sale; it is currently let on a long-term tenancy.

The annual income amounts to approximately €4,564, which corresponds to a yield of approximately 2.85 per cent. This property commands a reasonable basic rent (according to the valuation report).

There are currently 5 units for sale in the building, which can also be purchased as a package. The interior photographs are of a unit 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’ Ordinance (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 the 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 herewith has been disclosed to us by the vendor. We cannot guarantee its accuracy or completeness.

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

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.