Concrete gold - rented for an indefinite period - secure investment with 3.5 % yield in a central location just off Mariahilfer Strasse

Top 10c on the first floor

• A classic old-Viennese investment flat is for sale in a central location in the 7th district. This freehold flat, let on a long-term tenancy, offers an attractive combination of immediate rental income, long-term planning security and tax benefits.
• Let on a permanent basis
• Attractive purchase price with potential for future capital appreciation
• Regular income immediately after purchase
• Current net basic rent: EUR 7,155.60 per annum
• Current yield before service charges of 3.5%
• 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

Central location in the heart of West Neubau – just a few steps from Mariahilfer Straße. A wide range of local amenities, shops, restaurants and public facilities are within walking distance. The following buses and trams provide quick access to the public transport network:

• U3 underground station Neubaugasse / U6 station “Burggasse-Stadthalle”
• Tram numbers 6, 9, 18, 49
• Bus route 13A,

In addition, the surrounding area offers a comprehensive range of local amenities, medical care and educational and childcare facilities. The proximity to popular leisure and recreational attractions such as the MuseumsQuartier or the Burggarten rounds off the high quality of life at this address.

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’ Regulations (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. There is a close financial relationship with the seller.

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 case of third-party 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 sale is being arranged.

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