Profitable and secure real estate investment in prime location

For sale is an exquisite, first-class investment property in the heart of Seefeld's pedestrian zone. With a total gross area of ​​approximately 1,500 m² spread over five floors, a usable area of ​​approximately 1,150 m² including the basement and ground floor, and an additional area of ​​approximately 1,000 m² comprising only the three floors of the casino plus the associated ancillary rooms (referred to in the exposé as "residential space"), this property represents an exceptionally attractive and secure investment. The two retail spaces on the ground floor have been among the most renowned restaurants in Seefeld's pedestrian zone for many years and are currently leased to excellent tenants. The seller intends to continue operating these premises under a usufruct agreement, for which a buyout payment may be possible. The first and second floors, as well as the attic, have been leased indefinitely to the renowned Casinos Austria AG since 1989. The generous space has allowed the company to significantly expand its guest areas and administrative offices. Casino Seefeld has been operating since 1969 and is a well-established, high-traffic location, further emphasizing the exceptional stability of this investment. The property is in excellent condition, both aesthetically and technically. All maintenance, taxes, and operating costs are fully covered by Casinos Austria AG, which also pays the index-linked, and therefore inflation-protected, annual rent in advance. Due to this lease agreement, the owner and landlord has no maintenance or upkeep obligations, and thus the requirement to establish reserves, which is otherwise mandatory for rental properties, is also waived. If desired, a buyer can also opt for VAT. The VAT would then be added to the purchase price; for example, with a price of €4.3 million plus 20% VAT, the purchase price would be €5.16 million. We recommend discussing this with your tax advisor to assess the advantages and disadvantages in light of your individual circumstances. Overall, this is an extremely rare opportunity to secure a highly profitable, long-term, and stable investment property in a prime location. Our team will be happy to provide you with further information.