Investment
Properties
Wohnzone GmbH
More info about Provider
Address
Paracelsusstraße 9, 5110 Oberndorf bei Salzburg
Residential type
Condominium, Loft apartment, Capital investment
Price
€254,092 - €658,708
Number of rooms
1.5 - 4 rooms
Area
42 m² - 115 m²
Ready to occupy
On request
Residential units
14
Category
Upscale
Property ID: 25533
Project views: 1,951
Last update: 10.01.2024
Further features:
Home ownership under building law
Welcome to your new home at Paracelsusstraße 9, Oberndorf! We proudly present an exclusive residential project that meets the highest standards of comfort, design and quality of life. At this first-class location, 14 modernly designed condominiums with well thought-out floor plans are being built that combine both functionality and aesthetics in perfect harmony.
Paracelsusstraße 9 is not only a home, but also a gateway to the beautiful surroundings of Oberndorf. Enjoy the benefits of a quiet neighborhood while benefiting from excellent connections to the vibrant city of Salzburg. Only a short drive separates you from the cultural treasures, first-class restaurants and shopping that Salzburg has to offer. The location allows you to achieve a perfect balance between urban life and a retreat close to nature.
Our condominiums are built on a plot of land under building rights. Building law is a real right and is also referred to in Austria as “building on someone else’s property”. This means that when you buy an apartment on lease, you acquire the right to live in, rent out or otherwise use a specific apartment within a building while the property continues to be owned by another party. In this case, the building right is granted for a fixed period of 100 years. At the end of this term, the property, including the structures on it, reverts to the property of the landowner.
Since the property remains in the property of the building owner, the purchase price for the apartment is often lower than for comparable apartments under “normal” ownership.
Due to the lower purchase price, an investor can also expect a significantly higher return. Newly built apartments in central locations can usually be rented very well on the open market.
As a rule, the term of the building lease contract is long-term, in our case even 100 years. During this time, the apartment owner can use, rent, bequeath or sell the apartment and thus has a certain degree of flexibility.
Since the building contract regulates the rights and obligations of both parties, it usually offers a certain level of investment security for the apartment owner.
In Austria, since 2016, the acquisition costs and additional costs when buying a property can only be depreciated at 60 percent based on the building. Since the land is not purchased when you purchase a condominium, the investment costs can be written off at 100 percent. Due to this cost advantage for a retirement apartment under construction law, the investment becomes very lucrative.
Legal notice: The information provided about this property is an editorial content contribution from neubau kompass AG. It is for information purposes only and does not constitute an offer in the legal sense. The editorial content offered here is published and controlled by neubau kompass AG according to §2 TMG. Information about commission payment obligations can be obtained from the provider. All information, in particular regarding prices, floor area, features, outfitting and readiness to occupy, is subject to change without notice. Errors excepted.
