Not every investment property needs a large footprint. Sometimes a single parking space is enough – or, in this case, seven.
For sale is a portfolio of seven leased duplex parking spaces located on Herzgasse in Vienna's 10th district (Favoriten). The portfolio is offered for sale exclusively as a single package.
The investment includes:
- 2 duplex parking units, each comprising one upper and one lower parking space
- 3 additional duplex parking spaces (upper and/or lower)
All parking spaces are currently leased. Upon acquisition, the buyer assumes all seven existing lease agreements, generating a current gross rental income of €770 per month.
Parking spaces are among the most straightforward forms of real estate investment. Compared to residential properties, they require relatively little management while benefiting from consistently strong demand for parking, particularly in urban locations.
Investment Highlights
- Purchase Price: €140,000
- Number of Parking Spaces: 7
- Monthly Gross Rental Income: €770
- Annual Gross Rental Income: €9,240
Monthly Charges per Parking Space
- Garage operating costs: €22.91 plus 20% VAT
- General operating costs: €17.50 plus 20% VAT
- Reserve fund contribution: €7.20
- Garage reserve fund contribution: €10.20
- Total monthly charges per parking space: €65.89
The garage is located on Herzgasse in Vienna-Favoriten, close to Wienerberg and Wienerberg Pond. Its position on a one-way street ensures convenient access and excellent accessibility.
This parking portfolio is particularly well suited for investors seeking an income-producing asset with established tenants and low ongoing management requirements.
We would be pleased to provide you with all relevant documentation, including further information on the existing lease agreements, and look forward to hearing from you.
The agent acts as a double broker.
