It is an apartment house in Hernals, 17th district of Vienna.
The building area is 1,946 m².
All spaces are leased out.
Absolute income is 194,788 €.
THe current yield of 4,5%.
Location and nearby objects
The 17th district is located on the western outskirts of Vienna. It is famous for the traditional breweries.
Hernals is a popular residential area, featuring an architectural diversity. This is one of the greenest areas of Vienna: more than 50% of the territory is covered with greenery. The oldest indoor pool in Vienna (Jörgerbad) is among the attractions.
The most expensive property in Hernals is near the mountain Schafberg, dominated by villas, mansions and green areas. Cheaper deals are found next to the Gürtel.
Construction of metro line U5 in Hernals will begin in 2018. It will be completed in 2023. The new branch will provide impetus to development of the district.
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%