Innovative residential rental investment project in Bad Goisern am Hallstättersee. Created to offer a flexible long-term investment product for investors and while also satisfying local residential housing needs.
The apartments will be developed by an established Austrian building company with completion scheduled for Autumn 2017. The project will comprise 23 modern apartments in a high quality eco-friendly timber building. Apartments will range in size from 48m² - 69m² each with their own terrace or balcony, carport and storage room. All apartments will include a fitted kitchen with electrical appliances, modern bathroom, hall with wardrobe and storage cupboard.
This project offers investors a stable, long term investment vehicle created around a base 20 year’ investment plan.
Its proven system is designed to offer extremely flexible investment options. Investors may purchase apartments outright thereby obtaining a rental return straight away. Alternatively, investors can invest part of the purchase price in an apartment, take a loan to cover the balance and use rentals to finance repayments. A “breakeven investment “of €50,000 enables investors to buy an apartment and use rental income to cover the finance without any extra contribution from the investor. There is even an option to use the property as a “20 year savings plan” purchasing an apartment with no personal investment and combining the rental income with a monthly payment of €290 - €370. With this option the apartment is full paid for after 20 years and can then retained to provide an on-going rental return or even used by the owner.
In all cases ownership of the apartment is conveyed to the investor on day one and is registered in the Austrian Land Register.
All apartments will be rented via a local agency to long term tenants. Rentals will be pooled and paid out to investors on the basis of apartment size. In this way the impact of any void periods is spread.
Competitive development costs are achieved via a two stage system:
Land is obtained on a 99 year lease;
Standardised build layouts yield economies of scale and significantly reduced construction durations. From initial ground breaking on site to handing over the 1st keys is typically under 9 months.
The Salzkammergut is an extremely popular tourist destination, with a high demand for existing properties. In recent years the region has experienced rising property prices, pushing them outside the reach of local residents. This project offers local residents affordable, modern, energy efficient rental apartments in an excellent location with easy access to public transport and local facilities.
For more details on this investment project and to obtain your personal financial plan please contact us.
This property listing (ref: 408/00758) is an advertisement supplied by Delta Immobilien and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.