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Apartment house in Vienna with a 3% yield

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Apartment house in Vienna with a 3% yield

4,800,000 €
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Total area: 2,137 m² Yield: 3.0%
  • Absolute return: 146,000 €
  • Percentage of the rented area: 78%

It is an apartment house in Leopoldstadt, Vienna.

Description

The building area is 2,137 m².

78% of spaces are leased out.

Financial performance

Absolute income is 146,000 €.

THe current yield of 3%

Location and nearby objects

Leopoldstadt is named after Leopold I, Emperor of the Holy Roman Empire. With the opening of the new University of Economics and Business (Wirtschaftsuniversität, WU) Leopoldstadt became one of the most advanced areas of Vienna. It pulls developers and hotels. The area actively began to develop.

It is a green area with numerous parks — an attractive place for rest. There are two large parks — Prater, where last emperors hunted, and the Augarten, the oldest baroque garden in Vienna. More than 35% of the Leopoldstadt are green spaces.

Almost 30% of residents of the area are the foreigners. Popular residential locations in Leopoldstadt — Karmelitermarkt, the neighborhood of the Augarten and the Prater (between Shyuttelshtrasse) and Gruner-Prater park. Also, with the development of the North Station there is a promising place between Hayneshtrasse and Nordbanshtrasse.

Additional information is available after signing a NDA.

Purchase costs regulated by law

  • Transfer tax 3.5%
  • Agent commission 3.6% (incl. VAT), for buy-to-let investors 3%
  • Registration fee 1.1%
  • Legal fees 1.2–2.4% (incl. VAT), for buy-to-let investors 1–2%

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Georgiy Buznik
Georgiy Buznik
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