11.9% yield I City center Wels – investment property with fixed cash flow & development potential!
What defines this flat
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Description from the provider
For sale is an approximately 307 m² large apartment on 2 levels (2nd floor & top floor) in a residential and commercial building in an absolute city center / old town location of Wels.
The unit is newly fixed rented for the next 3 years and generates a net rental income of € 5,930 per month, which corresponds to a yield of around 11.9% p.a. at the purchase price of € 600,000.
After the lease period, there is the possibility to continue renting or to develop the unit. A development or adaptation study for the division into 5 modern residential units (between 38 m² - 80 m² | total approximately 343 m² living space + 28 m² terraces) is already available. Planned open spaces are oriented towards a bright inner courtyard.
In short
A rare investor and developer product with secured cash flows, high initial yield, and clear value enhancement option in the heart of Wels.
Key data
- Investment (Phase 1)
- Fixed rental for 3 years available!
- Net rent: € 5,930 / month
- Net rent p.a.: € 71,160
- Purchase price: € 600,000
- Gross initial yield: approx. 11.9% p.a.
- Total cash flow in 3 years: approx. € 213,500
- High planning security!
- Development (Phase 2 – Upside)
- After the lease period, free development possible
- Already available development/adaptation study
- Division into 5 modern residential units
- Apartment sizes: between 38 m² - 80 m²
- on a total of approximately 343 m² living space + 38 m² terraces
- Open spaces oriented towards a bright inner courtyard
- Very good marketability (owner-occupiers & investors)
- Strategic options
- Further rental with stable income
- Development & sale of the units
- Combination of partial sale & asset retention
- Highlights
- Absolute city center / old town location
- Rare combination of fixed cash flow + development potential
- High initial yield
- Preparation for development already available
- Ideal product for investors & project developers.
Automatically translated from the provider’s German description.
Key facts
Price per m²: calculated by wohnwahn.
Features
What we know about this location
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Summer at this address
Summer heat at this address
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Green and shade
Green space: plenty of treesTrees and woody vegetation on 11% of the area within 300 m, private gardens included.
Source and method
Sources: tree cover from satellite imagery (Copernicus, 2021 data)
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