Die richtige Wahl für morgen: Wohnung im Wohnrecht als Wertanlage (Alter 85 Jahre)

The right choice for tomorrow: Apartment with residential rights as an investment (Age 85 years)

1070 Wien

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Apartment for sale in 1070 Wien

Upon entering this well-designed apartment, you find yourself in the entrance area, from which you can centrally access almost every room. On the right side is the living room, which is just under 20 m², and its size and good lighting make the apartment feel even more inviting . Every room has a view of the green inner courtyard. In the rear area, there are two more rooms and the bathroom.

The well-thought-out room concept, the optimal floor plan, the open and bright ambiance, as well as the good location make this apartment a feel-good oasis in the middle of Neubau.

Building:

The house was built in 1972 and the common areas are in good condition.

Tenant rights holder:

Age: 86 years, female.

What is a right of residence?

A right of residence in Austria allows a person to use an apartment or house without being the owner of the property. When the right of residence expires or the person moves out, the property is available to the owner free of encumbrances. The right of residence cannot be transferred or inherited.

What is the difference to a rental agreement?

A rental agreement is a contract whereby a person uses a property in exchange for paying rent, while a right of residence is a usage right that is acquired without paying rent. Unlike an indefinite rental agreement, there are no entitled persons with a right of residence.

Why is this model interesting for you as a buyer?

You have the opportunity to purchase the apartment at a significant price discount. Once the right of residence no longer exists, the value of the property instantly increases multiple times.

Current purchase price: EUR 5,000/m² -> estimated free-sale price as of 30.03.2023: EUR 6,100/m² - EUR 7,000/m²

Advantages of the right of residence for you as an owner?

In summary, granting a right of residence gives the owner the ability to maintain control over their property, avoid vacancy, take advantage of tax benefits, and prevent potential disputes through possible entitled persons or inheritance disputes. The right of residence is registered in the land register and is legally binding.

What monthly costs are incurred for the buyer?

Approx. EUR 70,- for repair reserves

Operating costs are covered by the rights holder.

Location and transport

Whether modern or traditional, the 7th district of Vienna is as diverse as the city itself. Whether small old Viennese cafés, modern restaurants, or cultural offerings like theaters, museums, and galleries, this outstanding district provides residents with everything they need to feel comfortable. The apartment itself has optimal local amenities as well as very good access to public transportation networks. Charming parks, supermarkets, restaurants, bars, and pharmacies are all within walking distance. In addition to bus line 48A (Ring, Volkstheater / Baumgartner Höhe), bus line 13A (Alser Straße/Main Train Station), tram line 46 (Dr. Karl-Renner-Ring/Joachimsthalerplatz), and tram line 49 (Ring, Volkstheater/ Hütteldorf), subway lines 2 and 3 are also available.