Linz, Upper Austria 4020

A solid investment with an attractive yield, potential for capital growth and development potential! Also well suited to selling the residential units individually to generate cash quickly. An exciting opportunity is currently available to acquire a townhouse in central Linz. Continuing to operate the property as it is, as well as upgrading or developing it, offers promising potential for capital growth. The property also offers excellent visibility and transport links for offices or similar uses. Just around 2 minutes from the Main Square! The property is zoned as a core area and is not covered by a development plan. According to the owner, it should be possible to add an additional storey or convert the existing attic/roof space into a full storey. As there is no development plan, further details must be assessed individually according to the project and coordinated with the citys urban development department. The property, comprising a total of 17 units, is almost entirely rented out under fixed-term contracts. Three contracts are open-ended. Approximately half of the building has a basement. The ground-floor residential units have been fully renovated (bathrooms, floors, ventilation system underfloor heating in some units, and kitchens). Three apartments on the first floor have also been fully renovated. There is also a large commercial unit on the first floor. Another large commercial unit is on the second floor. Five apartments are located in the attic, some with new kitchens. All windows in the building have been replaced in recent years, except those in the stairwell. The attic could potentially be converted into beautiful penthouses, possibly with views across the Danube. A lift could potentially be installed, for example in the courtyard. FACTS: Zoning: K Core area Expected asking price: EUR 2.10 million plus purchase costs Current net usable floor area (WNF): approx. 882 m² Current yield: approx. 4.97% Projected yield (calculated): 5.23% Units: 17 Fixed-term leases: 14 Open-ended leases: 2 Vacant: 1 Parking spaces in the courtyard: approx. 46 Lift: No VALUE ADD: sustainable investment, individual sale of units, a wide range of possible uses, additional storey / attic conversion Not a listed building. Further details (rent schedule, etc.) are available on request; please provide your contact details. We look forward to arranging a viewing! LINZ is a continuously growing city in Upper Austria, situated on the Danube approximately halfway between Salzburg and Vienna. Baroque buildings line the Main Square, including the Old Town Hall and the Old Cathedral. The Lentos Kunstmuseum Linz, located directly on the banks of the Danube, houses an extensive collection of contemporary art. The striking Ars Electronica Center stands on the opposite bank. With approximately 214,000 residents, Linz is Austrias third-largest city after Vienna and Graz. LOCATION INFRASTRUCTURE Population of Linz: approx. 214,000 Danube promenade: approx. 100 m Main Square: approx. 350 m Lentos: approx. 80 m Sandburg: approx. 350 m Train station: approx. 2.5 km Vienna: approx. 180 km Salzburg: approx. 130 km All areas in m² are approximate. The agent acts as a dual agent. Property subject to brokerage commission. Brokerage commission of 3% of the actual gross total purchase price, plus 20% VAT. This offer is non-binding and subject to change. All information is provided without guarantee and without any claim to completeness. The right to sell or otherwise dispose of the property in the meantime is reserved. This property offer is CONFIDENTIAL. Any forwarding or other use of information about the property entails liability for the brokerage fee. PROPERTY RECOMMENDATIONS: New-build apartments for owner-occupiers and investors are available in Gmunden, Altmünster, Vöcklabruck and Graz. Chalets in Kitzbühel. Townhouse with development potential in Linz (SOLD). 18 ha of agricultural land in Altmünster. Unique lakeside properties on Lake Attersee and