It is an apartment house in Simmering, Vienna.
The building area is 1,132 m².
93% of spaces are leased out.
Absolute income is 64,848 €.
THe current yield of 3,2%.
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%