+44 20 3608 1267

Apartment house in St. Pölten with a 4,8% yield

1,000,000 €
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Total area: 770 m² Yield: 4.8%
  • Absolute return: 48,000 €
  • Land area: 1,710 m²
  • Built in 1947
  • 3-floor building
  • Number of parking lots: 3
  • Total rooms: 8

Two neighboring houses with commercial spaces.

Description

Property with total area of 770 m² was constructed in 1947.

The plot of 1,710 m².

The ground floors accomodate commercial premises — office area of 144 m² and 80 m² shop with necessary utility rooms.

There are 8 apartments in the houses, one of which was built in the yard. In addition, the yard has a playground, a garden and 3 garages.

Both buildings have basements, each apartment has its own storage room in the basement.

The property is in good overall condition. The electrical and plumbing systems were upgraded, central gas heating has been installed. Each apartment is decorated with high quality furnishings.

Financial performance

Absolute income is 48,000.

The current yield of 4,8%.

Location and nearby objects

St. Pölten is the capital and largest city of Lower Austria with a population of more than 49,000. The Austrian capital Vienna is 65 km away from the city.

There is a road and railway Vienna — Linz, Krems and the road to Mariazell, the railway lines in Krems, Tulln an der Donau, Haynfeld, Sankt Aegyd am Neuwalde, Munk and Mariazell.

Vienna can be reached by train in 40 minutes, Linz in 50 minutes.

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
Free advice on real estate in Sankt Pölten
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