Project description

The property is a well-kept corner building from 1990 with a marvellous view of the Schubertpark opposite. The building comprises a ground floor, four upper floors and an attic storey. A total of 19 residential units and 17 parking spaces in the building's own underground car park are for sale.

Location

The building boasts a prime location in the 18th district, directly opposite the popular Schubertpark. Here you can enjoy the ideal combination of urban living and green recreation on your doorstep.

A wide range of shopping facilities, charming cafés, restaurants and the traditional Kutschkermarkt are in the immediate vicinity. Pharmacies, banks and other local amenities are also within easy reach - everything that makes everyday life pleasant.

The connection to the public transport network is excellent: the U6 "Währinger Straße" underground line, tram lines 40 and 41 and bus lines 37A and 40A take you to Vienna city centre in just a few minutes.

A location that combines urban convenience with a high quality of life - ideal for owner-occupiers and investors alike.

The layout of this spacious top-floor flat is as follows:

• Entrance hall
• Guest WC
• Bathroom with bathtub
• storeroom
• Spacious eat-in kitchen with kitchenette
• bedroom

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 appreciation

• Regular income immediately after purchase

• current net main rent: EUR 773.91 / month

• current yield before ancillary costs of 2.5%

• intrinsic value of the property

• Indexed rent adjustment

• Tax advantages

• Adjustment to a market rent / 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, it is currently not possible to view the property. We will be happy to provide you with further documents on request.

Underground parking spaces can be purchased from € 15,000 in the building's own underground car park.

Ancillary 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 in trust by Dr Christian Marth (Vavrovsky Heine Marth Rechtsanwälte) A-1010 Vienna, Fleischmarkt 1. The costs are 1.5% + 20% VAT + cash expenses.

The broker 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.