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Apartment house in Linz with a 4,6% yield

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Apartment house in Linz with a 4,6% yield

5,500,000 €
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Total area: 1,911 m² Yield: 4.6%
  • Absolute return: 250,000 €
  • Renter: 100%

It is an apartment house in Linz, capital of Upper Austria.

Description

The building area is 1,911 m².

All spaces are leased out.

Financial performance

Absolute income is 250,000 €.

THe current yield of 4,6%.

Location

Linz is the third-largest city of Austria and capital of the state of Upper Austria. It is located in the north centre of Austria, approximately 30 kilometres south of the Czech border, on both sides of the River Danube. The population of the city is 193,814, and that of the Greater Linz conurbation is about 271,000. In 2009 Linz, together with the Lithuanian capital Vilnius, was chosen as the European Capital of Culture. Since December 1, 2014 Linz is a member of the UNESCO Creative Cities (UCCN) network as a City of Media Arts. Cities receive this title for enriching the urban lifestyle through the sponsorship and successful integration of media art and involving society in these electronic art forms. Linz is well known for the Linzer torte, which is said to be the oldest cake in the world, with its first recipe dating from 1653.

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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