It is an apartment house in Wels, Upper Austria.
The building area is 3,243 m².
All spaces are leased out.
Absolute income is 285,728 €.
The current yield of 3,9%.
Wels is an old Austrian town in the northwest of the country, the second largest city in the federal state of Upper Austria after Linz.
The city is located on the banks of the Traun River (a tributary of the Danube), 30 km to the southwest of Linz, at an altitude of 371 meters above sea level.
Through the city passes Wels Railway Vienna — Salzburg. In addition there is a railway and a highway leading to the north — in the direction of the border with Germany and the city of Passau.
During the Roman Empire on the site of the modern city of Wels he was named Oviglio and was one of the largest and most important cities of the province of Noricum.
In 1222, during the reign of the princes of the family Babenberg Wels again received city rights. Wels rose as commercial and trade fair center in XIV-XV centuries.
After the collapse of the Holy Roman Empire at the beginning of the XIX century as a part of Wels in Austria.
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%