Concrete gold - attractive 4% yield! Indefinitely let commercial premises in an elegant new building near Kutschkermarkt

Project description

The property is a well-maintained corner house built in 1990, offering magnificent views of Schubertpark opposite. The building comprises a ground floor, four upper floors and an attic. A total of 19 residential units and 17 parking spaces in the building’s own underground car park are available 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 spaces right on your doorstep.

A wide range of shopping facilities, charming cafés, restaurants and the traditional Kutschkermarkt are all in the immediate vicinity. Pharmacies, banks and other local amenities are also within easy reach – everything you need to make daily life a pleasure.

Connections to the public transport network are excellent: with the U6 ‘Währinger Straße’, tram lines 40 and 41, and bus routes 37A and 40A, you can reach Vienna’s city centre in just a few minutes.

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

Are you thinking about selling your property?
We’ll secure the best possible price for you – professionally, discreetly and efficiently.
On request, we can also take care of financing, insurance and all other necessary steps.
Enquire now with no obligation!

Please note: To aid visualisation, some of the images in this advert have been virtually staged using artificial intelligence (AI) or digitally edited. The furniture, furnishings and design elements shown are not part of the actual offer and are intended solely to illustrate possible usage concepts.

Top 1

The layout of this well-proportioned new-build flat is as follows:

• Entrance hall
• Toilet
• Storage room
• Commercial premises

A commercial unit let on an open-ended tenancy with a 4% yield offers an attractive combination of immediate rental income, long-term planning security and tax benefits.

• Leased on a long-term basis
• Attractive purchase price with potential for future capital appreciation
• Regular income immediately after purchase
• Current net base rent: EUR 797.97 per month
• Current yield before service charges of 4%
• Stability of the property’s value
• Index-linked rent adjustment
• Tax benefits
• If the commercial premises become vacant, market-rate rent / increase in yield
• Prospects for 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 agreement, viewings are not currently possible. We would be happy to provide you with further documentation on request.

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

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% 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 business relationship with the seller.

The drafting of the contract and escrow settlement are handled by Dr Christian Marth (Vavrovsky Heine Marth Rechtsanwälte), A-1010 Vienna, Fleischmarkt 1. The costs amount to 1.5% + 20% VAT + out-of-pocket expenses.

The agent acts 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.