- Vienna Apartment building 11,380,000 €
- Basic parameters
- Photo
№ 2,316,917
Part of a residential building in the heart of Vienna, Austria
11,380,000 €
5,419 € /m²
- Apartments 10
- Yield 2.2%
- Constructed 1900
- Price per key —
Key project parameters
- Total area
- 2,100 m²
- Apartments
- 10
- Floors
- 7
- Constructed
- 1900
Project description
Description
The property is a part of a historic building and consists of residential and commercial units:
- 10 apartments with a total area of about 1,500 m² (from 90 m² to 220 m²);
- commercial premises (a restaurant, a shop) with a total area of about 600 m².
There is a garage and a storage in the basement.
Extra information
Car parks
Tenants
- Agreement
- n/a
The apartments a fully let.
The commercial premises are partly let.
Financial performance
- Yield
- 2.2%
The yield is 2.2%.
Transaction costs
Notary (state registration) is 1,5 + VAT (total 1.8%).
Acquisition tax is 3.5%.
Brokerage fee is 3% + VAT 20% (total 3.6%).
Incorporation in the land register is 1.1%.
Location and nearby infrastructure
The property is located in the 4th district, in the heart of Vienna.
Vienna is the capital of Austria with population of over 1,800,000 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 several years in a row takes the 1st place in the world for quality of life.
Public transport is well developed in Vienna, a chain 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.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
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Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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