The apartment in the center of Vienna is a good investment! It is divided into 5 fully furnished rooms with private bathrooms.
The house has an elevator and an underground garage.
Rent per month is 2865 euro. The contract is for 5 years.
After a 5-year term lease it is possible to rent each apartment separately. Rental price from 700 euro and above, at the conclusion of a long-term contract.
With self-administered business, profits will average from 4500 euros to 6300 euro, at the rate of rental price per night — 60 euro.
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 %