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Warehouse in Vienna with a potential yield of 6–8%

2,600,000 €
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Total area: 1,994 m² Yield: 2.8%
  • Absolute return: 72,000 €
  • Land area: 2,971 m²
  • Built in 2007
  • Renter: 30%
  • Number of parking lots: 19
  • Notary (state registration): 1.1%
  • Acquisition tax: 3.5%
  • Broker: 3.6%

It is and industrial warehouse in Floridsdorf, 21st district of Vienna.

Description

Reinforced concrete building with steel and glass façade, total area of 1,994 m² was constructed in 2007.

The plot of 2971m².

The main storage hall occupies 995 m², ceilings height is 4,4–6,8 m. There is also a high-bay warehouse area of 297 m² and a two-level office area of 377 m².

There is a separate area for hazardous materials and fire alarm systems. Ventilation system provides air circulation up to 5 times per hour. Gas heating. There is also a parking for 19 cars.

The property is in good condition and partially leased out.

Financial performance

Absolute income is 72,000 €.

The current yield of 2,7%.

Potential income (full occupancy) is 156,000 — 208,000 €.

Potential yield of 6–8%.

Transaction costs

Ownership transfer tax of 3,5%.

Registration in the land register and the costs of drawing up the contract are 1,1%.

Broker's fee of 3,6%.

Location

5 minutes to A 22 or the Wagramerstraße, 10 minutes to the southeast tangent.

Bus stops are in the immediate vicinity.

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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