We present to you an interesting resort with luxury apartments in the mountain resort Viehhofen. The exceptional investment project is located in the attractive recreation area of Zell am See / Kaprun and Saalbach / Hinterglemm. It is located on a sunny slope within walking distance of the 10-seater zellamseeXpress gondola. Due to the expected cable car connection from Viehhofen to the Skicircus area, and the already implemented new connection from Viehhofen to Zell am See, the residence represents an excellent investment opportunity with the potential to increase real estate value and attractive rental income.
Project:
The project is being built by a renowned developer with a long history on the Austrian market, which boasts a number of successfully implemented projects. For the investor, it is a guarantee of quality and safely stored funds.
Construction of the first phase of the project (buildings A and B) should begin in May / June 2021. Completion is planned for Christmas 2022. The second phase of construction (buildings C and D) half a year longer. Due to the enormous interest of investors, the first phase of the resort was sold within 2 days! This is one of the fastest-selling projects in Austria in recent years. The second phase of construction was sold at the beginning of the year at the same rate as the first before Christmas.
The developer registers a 2nd replacement reservation for each apartment unit. Currently, one reserve has been released and therefore 1 apartment is available for sale.
BENEFITS
Attractive investment in premium real estate
Evaluation and at the same time use for own purposes in the range of 2-4 weeks a year
Secure property registered in the real estate cadastre
Professional operator with decades of Superior Service experience including hotel reception, breakfast, laundry and housekeeping and much more
The best location.
The ski area called Skicircus is the largest ski area in Austria and one of the largest in the world. The cable cars connect not only several ski areas, but also two federal states of Austria - Salzburg and Tyrol. In total, you can enjoy 270 perfectly groomed slopes. Many snow parks, free ride skiing, winter hiking trails, cross-country trails, apres ski bars and many other attractions await you. In the future, another cable car is planned from Viehhofen to the top of Sonnkogel (Skicircus), with a new cable car from Viehhofen to Zell am See already in operation.
The apartments are furnished and fully equipped with inventory. Our interior designer offers you a selection of floors, doors and various textiles, as well as various patterns and colors that you can individually set according to your ideas.
The equipment of the apartment is not included in the purchase price of the apartment and the buyer has a choice of several variants:
One-Bedroom Apartment - € 24,000, Two-Bedroom Apartment - € 29,000, Three-Bedroom Apartment - € 34,000, Four-Bedroom Apartment - € 39,000,
Outdoor parking space - 8,000 €, Double garage - 40,000 €.
Due to its location in the center of the village surrounded by beautiful nature, ski lifts, hiking trails and many other unique recreational opportunities, this investment guarantees a stable influx of tourists and a constant growth in property value. Our improvement of the "BUY-TO-LET" concept guarantees clients minimal care, a yield that is historically sustainable in the range of 3% to 4%, rental income is calculated at about 3.13% in the first year and 3.71% in the second year. We also offer care for the project and your property by a renowned management company and providing clients with a tourist lease.
The owner of the apartment signs a contract with the operator on the management and subsequent rental of apartments in the field of tourism, usually for a period of 15 years.
The contract is part of the acquisition of apartments and in case of sale is transferred to the new owner of the apartments. Under this contract, the operator is responsible for protecting and caring for the property of the apartment owners, common operating areas such as reception, restaurants, or wellness or other areas, as well as the overall condition of the building and ensuring repairs and replacements of damaged equipment.
At the same time, the operator provides advertising and other activities to maximize the occupancy of apartments with rent corresponding to the luxury standard of the hotel and region.
The operator then informs the apartment owners on a quarterly basis about the costs and turnovers of the complex and pays the net profit to the apartment owners without delay. (Based on many years of experience and activities, apartment owners can expect a return on investment in the range of 3-4% per year). The profit is distributed evenly among the apartment owners, while the percentage calculation is based on the ratio of the specific investment of the apartment owner to the total value of all apartments.
The owner of the apartments can use the apartment for his own purposes, and due to the nature of the rental in the form of a hotel complex, he must notify the operator in advance of this intention. For the given period, it also does not participate in the distribution of profit from the complex, but participates in the proportional payment of costs associated with the operation of the complex. In the case of a short-term reservation in advance, the reservation is accepted only in circumstances if the owner's apartment is not already booked by tourists for the period.
As a buyer of real estate in Austria, you are protected by the Building Contracts Act (BTVG).
The purchase price of the investment is assumed without VAT, because there is a long-term lease obligation, under which value added tax can be claimed for a refund in the form of excessive deduction.
