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Gentzgasse 12 - Top 5

Concrete gold - rented for an indefinite period - secure investment with 3.5 % yield in the heart of the 18th district!

Key data

Address Gentzgasse 12 - 1180 Vienna
Apartment # 5
Floor Hochparterre
Rooms 4.5
Type of use For sale
Condition Needs to be refurbished
Property number 22094

Costs

Purchase price € 549,000.00
Land register entry 1.10 %
Property transfer tax 3.50 %
Running costs € 152.64
Sonstige monatliche Kosten € 117.00
VAT € 15.26
Monthly total rent € 284.90
Commission 3% of the purchase price plus 20% VAT.

Spaces

Living space 114.33 m²
Usable floor space 114.33 m²

Furnishings

  • passenger elevator

Request description of the property

We look forward to hearing from you!

Please fill in this contact form. We will then send you a description of this property as soon as possible by email.

Description of property

Top 5 on the mezzanine floor

A classic old Viennese investment flat (used as a surgery) is for sale in a central location in the 18th district. 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 increases in value

  • Regular income immediately after purchase

  • current net main rent: EUR 19,207.44 p.a.

  • current yield before ancillary costs of 3.5%

  • Value retention of the property

  • Indexed rent adjustment

  • Tax advantages

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

  • Prospect of 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.

Location description

The property is located in the heart of the sought-after 18th district of Währing, one of Vienna's most popular residential areas. The neighbourhood is characterised by a successful mix of urban infrastructure, well-kept Wilhelminian-style buildings and a high proportion of greenery.

Tram lines 40 and 41 are in the immediate vicinity, providing a fast connection to Schottentor and thus to the city centre. The underground station U6 Währinger Straße/Volksoper is also within walking distance and provides optimal connections to Vienna's rapid transit and underground network. Supermarkets, pharmacies, bakeries, cafés and numerous small speciality shops can be found along Währinger Straße and in the side streets.

The popular Kutschkermarkt, a traditional market with high-quality food, gastronomy and weekly stalls, is just a few minutes' walk away and reinforces the high quality of living in the area. The nearby Türkenschanzpark, one of Vienna's most beautiful parks, offers extensive green spaces, running tracks, playgrounds and restaurants. For culture lovers, the Vienna Volksoper is also within easy walking distance.

Additional 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 by the law firm Mag. Schreiber A-1010 Vienna, Schottenring 16. The costs amount to 1.5 % of the purchase price plus 20 % VAT as well as cash expenses and notarisation.

Note in accordance with the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller after we informed them of the generally applicable submission obligation and requested that it be prepared. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We assume no guarantee or liability for the actual energy efficiency of the property on offer.

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

The agent 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.

Fee exemption for your new home

Benefit now from the fee exemption as part of the ‘Wohnbau Offensive’! When purchasing a condominium, the land register fee (1.1%) and lien registration fee (1.2%) are waived up to an assessment basis of 500,000 euros. This regulation applies to residential properties that are used as a main residence and serve to fulfil an urgent housing need, with a purchase price of up to 2 million euros.

Your contact

Our real estate experts would be happy to advise you.
We look forward to hearing from you!

Francis Broinger

Real estate agency


+43 1 607 58 58 52 f.broinger@3si.at

Contact

We look forward to hearing from you!

Your inquiry relates to the following property: Gentzgasse 12 - 1180 Vienna - Top 5

Contact

We look forward to hearing from you!

You are welcome to contact us by phone or through our contact form.

Phone number : +43 1 607 58 58