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Apartment house in Waehring with a 0,7% yield

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Apartment house in Waehring with a 0,7% yield

1,300,000 €
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Total area: 620 m² Yield: 0.7%
  • Absolute return: 8,574 €
  • Percentage of the rented area: 63%

It is an apartment house in Waehring, 18th district of Vienna.

Description

The building area is 620 m².

63% of spaces are leased out.

Financial performance

Absolute income is 8,574 €.

THe current yield of 0,7%.

Location

Waehring is attractive for its parks. One of them, Türkenschanzpark, has an area of 17 hectares, the other Währinger Park with 5,2 hectares area is the former cemetery, the burial place of the original composers Ludwig van Beethoven and Franz Schubert.

The district is also interesting in architectural terms. There is a cottage quarter (Cottageviertel) with many villas of the XIX century, built in the style of English country houses.

The Waehring hosts several embassies, lots of restaurants, and agricultural university (Universität für Bodenkultur).

Area near the Gürtel is densely built up, it is dominated by apartment buildings and there are opportunities for rental business. Apartment houses are in great demand among investors. There are residential renovation projects, for example, construction of lofts and attics.

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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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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