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Apartment house in Simmering with a 3,2% yield

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Apartment house in Simmering with a 3,2% yield

2,000,000 €
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Total area: 1,132 m² Yield: 3.2%
  • Absolute return: 64,848 €
  • Percentage of the rented area: 93%

It is an apartment house in Simmering, Vienna.

Description

The building area is 1,132 m².

93% of spaces are leased out.

Financial performance

Absolute income is 64,848 €.

THe current yield of 3,2%.

Location

Simmering is an industrial district with a lot of enterprises, located on the right bank of the Danube Canal. At the beginning and middle of the XX century it produced gas for the city. Vienna Gasometers remained since then, a four gas storage buldings height of 70 m. They were reconstructed from 1999 to 2001 and now it is unusual buildings with apartments, offices, shops and a cinema.

The district has potential for further development. One of the sections of an area of 7 hectares is expanding, there will be buildings with 900 apartments.

The proximity of the airport Flughafen Wien-Schwechat makes Simmering attractive area for living people, who often have to travel.

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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Natalya Latikova
Natalya Latikova
Real Estate Expert Tranio in Vienna
+44 20 3608 1267
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