Project Name: Flats in Hernals
Project Type: Ownership of all flats in the building and attic space (there are two other buildings which are owned by other persons)
Property characteristics
The house was built in the year 1895 and renovated in the year 2000 Building with two floors, 583 m² living and working area and additionally basement Current one AA-tenant without financial payments delay the last years 200 m² attic area to realize 600m² living area on the top Possible to let it for a higher rent but in this case renovation is necessary.
Purchase Price: EUR 1.450.000 (not negotiable)
Structure of deal: asset deal
Expected Net Yield:
3,35% under the valuation of the possibility of development of 600m² penthouse (EUR 500,00 / m²)
2,65% without valuation of the attic
Lease agreements: EUR 5,50 per m², unlimited lease agreement
Commission: 3 %
The buyer is obliged to pay out to the negotiator provision from the overall buying price straight after the validation of contract after the negotiator notice, obligation to buy provision by buyer is without prejudice together with paying agreed provision with seller party.
Reconnaissance: possible
Business conditions
Information incl. our order is confidential and is for the customer only. It is not allowed to pass information about the property and order from a customer to a third party. If the customer commit offences against these rules and the third party or another person who got information passed onto by third party signs the contract, customer is obliged to pay full negotiator provision for the harm caused. If the property is known to a third party we will ask you to return our order and to explain how and what other way you obtained the information. Details about the property come from the seller and are used as priority information. We do not take any responsibility for correct and full details.
City: Vienna, Hernals Property is located in 1170 Wien.
The location of a residential and office real estate is next to U6 (station Alserstraße ) and tram lines 44 and 43. Infrastructural facilities: schools, shopping, leisure, sports, culture ,etc.
Dr. Rainer Kratochwill
Managing Partner
Rosenbursenstrasse 2/21
1010 Vienna, Austria
Tel.: +43/1/512 50 09-10
Fax.: +43/1/512 50 09-20
e-mail: r.kratochwill@max-solutions.eu