House in Austria - turnkey, 109 m2, town of Ibbs an der Donau, Petzenkirchen

VELDOM Agency offers to your attention an investment in Austria. Two houses in Ybbs an der Donau, Petzenkirchen. The city is located on the Danube River, 60 km. east of Linz, 100 km west of Vienna, 1 km. from the main highway connecting the eastern and western parts of central Europe, i.e. with Munich, Salzburg, Zurich, Liechtenstein, etc. 65,000 cars pass on this highway a day.

Each house has 2 floors and contains: 1st floor - living room, kitchen, bathroom, laundry room, closet and corridor. II floor - three bedrooms, two bathrooms/toilets and a corridor.
Each house has an 11 kw photovoltaic system connected to the local power supply and underfloor heating with a heat pump. The houses are fully finished and furnished.
Expected rental income: Example - at a normal level of 11-12 €/m2 - 1300 € for 12 months. = €15,600. Up to €12,000 there is no tax. For the difference 3600 times 24%= €864 tax. We have an average income of €100/month from energy supply due to photovoltaics. Or 14736 + 1200 = 15936 €/year after taxes.
The price of the offered property is 2844 €/m2 in finished and furnished form. At the moment, the market offers similar houses at a price of 3500-4000 €/m2, but in an unfinished form and without furniture. With min. prices of finishing works 250 €/m2, furniture 350 €/m2 and min. price in unfinished form 3500 €/m2 we get 4100 €/m2 against 2884 €/m2. Annual return after taxes paid -5%. Draw your own conclusions.
For questions: Zdravko Velikov

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