It is an apartment house in Favoriten, 10th district of Vienna.
The building area is 3,243 m².
79% of spaces are leased out.
Absolute income is 265,392 €.
The current yield of 3,6%.
Favoriten is the most densely populated district of Vienna. Most of the residential houses were built over 100 years ago, but the area continues to expand. There are new neighborhoods, such as Sonnwendviertel 5,000 housing units, Quartier Belvedere which is dominated by commercial buildings. The Helmut-Zilk-Park is one of the largest parks in Vienna (7 hectares). There are newly constructed buildings around it.
There is a large shopping center BahnhofCity in Favoriten, opened in October 2014, the train station Hauptbahnhof where trains go to the northern, eastern and southern districts. The main shopping street is Favoritenstraße with all kinds of shops where you can buy anything your heart desires. There are also fruit and vegetable markets.
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 %