Investment Property with 4 Duplex Flats T3

Property Description

Within walking distance from the centre of Salviac, a lively village with supermarket, several shops and all amenities and also in close proximity to schools (nursery/elementary school and college), you will find this quietly located investment property with 4 identical flats.
All flats have a separate entrance. There is ample parking space for cars at the front of the property. At the rear, all flats have a private terrace giving onto the south-facing garden, accessed by sliding windows. The ground floor comprises a bright living area with open-plan kitchen. The first floor consists of two bedrooms, a separate toilet and a bathroom with washbasin and walk-in shower. The building dates from 2008 and is in good condition. It is connected to the public sewerage system. Double glazing throughout, heating with electric radiators.The total annual gross rent is EUR 24,000, representing a gross yield of 6.6%. Taking into account the currently rather modest rental rates, there is still an upward margin. Over the past 10 years, there has been no vacancy. Given the favourable location and excellent condition of the flats, they are always rented out very smoothly.In summary, this particularly well-located building with 4 pleasant two-bedroom flats is an excellent investment that will give you a nice rental yield and not cause you many headaches.