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Approved by the authorities project of construction a residential house in the 10th district of Vienna (Favoriten)

1,550,000 €
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Features
  • Operating Incomе: 1,233,650 €
  • 7-floor building
  • Minimum owner's capital: 1,500,000 €
  • Number of parking lots: 17
  • Loan size: 70% of the value of the object
  • Rate: 2.8%
  • Notary (state registration): 1.1%

Multi-level building consists of 17 apartments and an underground garage (1 parking space per apartment).

The total living area of the planned house — 1435 м². Balconies and terraces — 190 м².

Layout of each apartment includes 2–3 rooms, size — from 65 to 121 м². The apartments on the ground floor have a private garden, others have a terrace or balcony.

Start of construction is available at any time, the project has already been approved by city government of Vienna.

Advantages

Using the latest equipment allow you to reduce household costs to a minimum.

Demand on apartments of this type with an excellent location is very high!

Financial performance

Total price — 6,233,800 euro.

Income before tax — 1,233,650 euro.

Loan

70% of the costs — 3,500,000 euro is bank loan, interest rate 2.8%

Location

The property will be located in Vienna's 10th district — Favoriten. It is an area with developed infrastructure, a 5–10 minute walk from the future building is located a metro station U1 Reumannplatz. From here road to the center of Vienna on Stefansplatz takes 10 minutes.

A large supermarket, a fitness center, schools and kindergartens are within walking distance. Near the house there are 2 parks — Arthaberpark, Antonspark.

More properties

If this property wasn’t for you, take a look at other investment projects for sale in Austria.

You can see more investment projects for sale in Favoriten elsewhere on our website.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 2% annually
    • Construction site audits
    • Management company services