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Apartment house in Penzing with a 3,7% yield

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Apartment house in Penzing with a 3,7% yield

4,400,000 €
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Total area: 1,410 m² Yield: 3.7%
  • Absolute return: 161,985 €
  • Renter: 100%

It is an apartment house in Penzing, 14th district of Vienna.

Description

The building area is 1,410 m².

All spaces are leased out.

Financial performance

Absolute income is 161,985 €.

THe current yield of 3,7%.

Location

A major part of the district (60% of the territory) is covered by forests and other greenery, including forest Baumgartner and a part of the Vienna Woods. Hütteldorf Station serves as the gateway to the Lower Austria. Trains go to the western regions of the country from here. A new football stadium will be built in 2016, which claims to be the ”most advanced“ in the country.

Penzing is like a suburb, although there are modern city buildings. The district is unique idue to a ski area Hohe Wand Wiese, where you can enjoy skiing without leaving Vienna.

The western part of the district is dominated by high-quality apartment buildings, villas and mansions. High-rise buildings dominate along the Linzerstraße and Hütteldorferstraße.

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
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