A new project within walking distance of the main square of a spa town Bad Gleichenber will be opened in the second quarter of 2022. The project includes 15 studios and apartments managed by a professional company, a reception and breakfast lounge on the ground floor, a swimming pool with a terrace for guests to relax and parking spaces.
Nordic walking in picturesque surroundings, walking and cycling paths, tennis courts and thermal baths — all this is offered to tourists who come to the famous spa resort for treatment.
There is a 9-hole golf course a five minute drive away.
Apartment types range from cozy studios 23 m² to 64 m² two bedroom apartments.
This property is perfect for investors as well for tourists coming to the Bad Gleichenberg region for an active or relaxing holiday.
This package consists of two studios and three small apartments. All five facilities are located on the 2nd floor.
The apartments are sold in a turnkey condition, completely ready to receive guests. The apartments will have professionally designed interiors with high quality kitchens, living and dining areas, bedrooms and bathrooms, fully equipped and contains everything you need: from built-in kitchens with household appliances to furniture, from textiles to dishes.
All apartments have balconies.
The price includes parking spaces and furniture packages.
This object is available for purchase by foreigners.
The owner has the opportunity to use the apartment for his own vacation free of charge on the dates previously agreed with the management company.
When purchasing this package of apartments, a 10-year lease agreement is concluded with the management company, according to which the investor receives 24,787 euros annually. All utility expenses and services of the management company are already included in this amount.
The owner only pays contributions to the repair fund.
The credit from Austrian banks up to 50% of the purchase price is possible and can usually lend up to a period of 25 years. Variable interest rates are currently at around 2.5–3% and one year or five year fixed rate mortgages are also available. the mortgage fees add up to roughly 4% — 6% of the value of the loan you will be taking. T
The tenant is a well-known company in the region, will manage the apartments from the very opening. A high rating from travel portals (9.6 points out of 10) is evidence of the high-quality work of staff and management.
The lease agreement is signed upon purchase for 10 years. The rental income is guaranteed by the contract and the long-term reputation of the management company.
The purchase costs for buying a property work out about to about 10% of the gross purchase price (ie VAT included)
In Austria the purchaser is obliged to pay the Purchase costs. They include:
Purchase ”Land tax: — 3.5%;
Registration in the land register: — 1.1%;
The agent's fee: — 3.6% (incl. VAT *);
Lawyer's fees for drafting contracts and trust management: - from 1.2 to 2.4% (incl. VAT *);
Notary's fees (Court costs, administration fees) approx. from 200 to 500 euros per transaction;
Fee for permission from the Land Commission. (for not EU citizens): approx. 1,000 euros for 1 permit.
Associated expenses on the banks loan will be about 4 – 6% of the loan amount.
Annualy property tax is included in utility bills and is payable over 10 years of lease by the tenant.
The owner pays:
1) contributions to the repair fund (for 2021 = 0.4 euros/ m²/ month)
2) for accounting services approx. 1.500 euro/year
3) income taxes
Bad Gleichenberg is one of the oldest and thus most traditional health resorts in Austria.
A touch of nostalgic style mixes with contemporary wellness tourism and enjoyable lifestyle.
The intact natural surroundings, the healing water and the culinary attractions of the volcanic country make Bad Gleichenberg a true oasis of peace and harmony.
Bad Gleichenberg is located in southeast Styria ‘s spa region, in the middle of the culinary region — “Styrian Volcanic Country“, approx. 60 km from the provincial capital Graz (Graz Airport) and is easily accessible by car or public transport.