Very solid office and residential building in a central location (BAR = 5.87%)

Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
Very solid office and residential building in a central location (BAR = 5.87%)
  • Country and City / Town: 
    • Austria
    • Wels
  • Postal code / ZIP code:  4600
  • Property Type:  Special real estate
  • Price: 
    • EUR 1.700.000
    • (CHF 1.563.317)
    • (CZK 41.263.845)
    • (GBP 1.479.680)
    • (HRK 12.811.448)
    • (HUF 614.389.746)
    • (JPY 317.304.096)
    • (NOK 18.765.224)
    • (RUB 152.241.734)
    • (SEK 18.316.982)
    • (TRY 89.867.993)
    • (USD 2.003.290)
  • Object ID:  10251

Property description

We are pleased to present this property to you under an exclusive mandate and outline the following key investment data:

- Apartment building (predominantly residential, with some offices) in a lively, good, central urban location

- large plot of land (entirely zoned for building)

- Original year of construction approx. 1968; last renovations/conversions 2016 and 2021

- 4 levels (KG, EC, OG 1, OG 2)

- 6 offices (total approx. 240 sqm) and 12 residential units (total approx. 692 sqm)

- 5 individual offices ranging in size from 14 to 27 sq m; 1 two-room office measuring approximately 53 sq m

- The residential units are divided into 10 studio apartments (31 - 36 sqm) and 2 larger apartments (100 and 160 sqm)

- Total usable area above ground = 932 sq m

- great flexibility in subsequent use (since there is currently a moratorium on new leases!)

- 5 garages plus 7 open parking spaces

- District heating connection

- Target rental income: €8,319 per month or €99,823 per year

Under the current parameters, we see the property as particularly suitable as an operator-owned property for short-term rentals (e.g., workers' apartments, student housing, or tourist rentals), as well as for a small developer/project developer (through the option of adding floors and splitting the two large apartments; possibly creating separate units) and, of course, also for a long-term owner with traditional rentals as before.

We look forward to hearing from you and being able to present this very attractively priced property to you on site.

The intermediary is acting as a dual agent.


Infrastructure / Distances

Health
Doctor <500m
Pharmacy <500m
Clinic <1,500m
Hospital <2,000m

Children & Schools
School <500m
Kindergarten <500m
University <1,000m

Local amenities
Supermarket <500m
Bakery <500m
Shopping center <3,000m

Other
Bank <500m
ATM <500m
Post <500m
Police <500m

Traffic
Bus <500m
Motorway access <3,000m
Train station <500m
Airport <3,000m

Distance as the crow flies / Source: OpenStreetMap

Position

The city of Wels, with its approximately 65,500 inhabitants, is the eighth largest city in Austria and the second largest city in the federal state of Upper Austria. The city's economic strength is evident in companies like Lutz, Intersport Austria, Resch & Frisch, TGW Logistics, Felbermayr, Trodat, etc., which are headquartered in Wels or managed from here. It is fair to say that the region is thriving. Its proximity to the historic city center and major transport links (train station and B1 highway) makes it a prime location. The surrounding area boasts typical urban infrastructure and offers a diverse mix of commercial uses, restaurants, service providers, retail outlets, and residential properties.
Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)Very solid office and residential building in a central location (BAR = 5.87%)
  • Living area / Living space: 
    • 606,69 m²
    • 6.530,36 ft²
  • Land size / Lot size: 
    • 1.581,00 m²
    • 17.017,74 ft²
  • Total surface: 
    • 170,21 m²
    • 1.832,13 ft²
  • Number of parking places:  7
  • Number of garages:  5
  • Year of construction:  1968
  • Year of renovation / refurbishing:  2021
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