Note: New construction, 2020.

Description

The land area is 763 sq.m. The total area of the income property is 2,124 sq.m., which includes: Residential area: 1,887 sq.m. Balcony and terrace area: 390 sq.m. Commercial space on the ground floor: 77 sq.m. The building has 40 apartments, 11 parking spaces, and 7 floors. The price of the income property is €10.76 million or €11.75 million. The developer offers two options for commercial use: Long-term Rental: Price: €10.76 million + 20% VAT. Rental income: €345,732 per year. Annual yield: 3.21%. Short-term Rental (Tourist Rental): Price: €11.75 million + 20% VAT. Rental income: Approximately €551,000 per year with around 80% occupancy. Annual yield: 4.7% with 80% occupancy. With 100% occupancy, rental income would be €689,000 per year, with a yield of 5.8%. The building consists of two wings with separate entrances. Each wing has 20 apartments, with sizes ranging from 32 to 102 sq.m. Most apartments are between 42 and 46 sq.m. and each has a balcony or terrace. There is a growing demand for small apartments in large cities, and Vienna is no exception. A management company can be hired from the developer.