An apartment building under construction in Vienna.
Description
An apartment building with an underground parking.
Transaction type: FORWARD PURCHASE.
Bank financing of the transaction is possible.
Owner's capital: 1,000,000 €.
The projected annual income is from 113,000 €.
The projected yield is from 3,7%.
The lease agreements will provide for the indexation of rental rates based on the consumer price index — about 1.5% per year.
The apartment building is located in one the districts of Vienna, the capital of Austria.
The building is located next to a park area, in 500 meters from the Danube. There are shops, a school, a kindergarten, a hospital nearby.
The population of the city is about 1,900,000 people.
Vienna is the 3d city-residence of the United Nations after New York and Geneva. There are the headquarters of such international organizations as OPEC and the OSCE here. Vienna 9 times in a row took the 1st place in the world for quality of life (Economist, 2018).
Public transport is well developed in Vienna, a network of autobahns and railways connects Vienna with other cities in Austria and Europe. Schwechat International Airport is the largest in Central Europe, with more than 60 airlines from around the world registered, annually serving more than 14 million passengers.
The Old Town of Vienna and Schönbrunn Palace are listed as a UNESCO World Heritage Site.
