This exclusive retreat is in the middle of the Hohe Tauern National Park at Mallnitz and ideal for a holiday property investment in Austria and besides giving an income, you also use it yourself for 3 weeks each year..
A chalet village, with a total of 17 wooden chalets, under construction. first phase chalets have been sold. Second phase available now to reserve, please come back.
They will be professionally rented and managed by an official operating company. This makes it a perfect investment for overseas buyers.
The operating company ensures that your chalet remains in optimal state of preservation at all times, so that the profitability of your investment is secured. All running costs are paid by the management company.
Guaranteed Income is up to 14,980 Euro pa. depending on the size of the chalet.
The developer of this project is able to offer local bank finance which has already been agreed for the project. These are available for buyers subject to status… Normal mortgage application applies. But as there is an income in Euros from the chalets, this is acceptable for the bank to be able to offer a mortgage.
The chalets are offered in two sizes (about 85m² and about 64m²), exclusively furnished (furniture & Fittings are additional to prices) and built of high quality materials.
A parking space is provided for each owner.
The alpine chalets can serve as an investment but can also be used personally by the buyer. So, the best of both worlds and income and a holiday home.
There are a wide range of services at your disposal, for management and rentals.
10% on signing the purchase contract or start of construction.
Full Payment schedule for chalet build on request.
The Alpine Camping Area “HochOben” is in a unique location in Mallnitz. Nestled in the natural landscapes of the Hohe Tauern National Park, with magnificent views to the mountains.
The Hoch Oben facility offers approx. 100 Motor home/camper van and Tent pitches, a main building with a reception, a restaurant, mini-shop, café, and two sanitary blocks. There is also a playground, a sports field, and a toboggan run. Hiking trails, a cross-country ski trail complete the offer.
This camping & Motorhome facilities are being completed.
How long would we be able to stay in the Chalet during the year?
For owners, there are 3 weeks scheduled, 1 week in high season, 2 weeks in low season.
Is it compulsory to rent the Chalet during the periods when we would not be in residence?
Yes, due to Austrian regulations to obtain planning permissions it is necessary for you give the management company a rental contract…but you can also rent the chalet for extra weeks during the period of the operator company.
It says, that the construction company pays the rent for the chalet and all operating costs, and that as a buyer we would get paid monthly by the operating company, a fixed return. Could you please provide more details.
The chalet is rented to the operator company, but the chalet owner receives a fixed and guaranteed return. The operating company also covers the entire additional costs such as electricity, insurance, maintenance, etc. The chalet owner has no running costs.
The approximate ROI yield for the small chalet is 13,750.00, pa and for the large chalet 14,980.00, pa, so if you retained your holiday chalet for example 10 years, you could have an income over the period of approx: 150,000 euros!!
Are there any building guarantees?
The statutory warranty is 3 years in Austria.
It says that a construction interest (ground rent) is payable annually, how much would this cost us as the buyers?
The annual construction rights rate is approx. €400/600 depending on chalet size, but these costs are also borne by the operating company, not the chalet owner.
Would a buyer own the chalet outright?
Yes, the buyer owns the chalet. It is in the buyer’s name/s, in the Grundbuch(Land registry). The land plot that a chalet property is built on is leased (normally 100 years) with a right to contruct a house. This lease is also registered in the buyers name.
Are there additional service costs, for example building insurance, electricity, gas, water, refuse disposal etc.
These costs are also all borne by the operating company. The chalet owner has no running costs.
Is there a cost for parking?
No, free parking is provided for the chalet owners.
Would we be allowed to have a dog on site?
Are there any plans to further develop the area?
No, the project is what has been allowed by the local council and no more.
Are there any restrictions on resale should we wish to sell in the future?
No, they can sell at any time at the calculated market value.
Are the Chalets furnished and do they include fridge, cooker, log burner etc.?
The chalets are fully furnished, incl. Fridge, stove, wood stove, TV etc. The furniture package is additional to selling price.
Can the chalets be bought by USA citizens?
Yes, these chalets can be bought by most Non european nationalities.
Can the chalets be bought by Australian citizens
Yes, these chalets can be bought by most Non european nationalities..
Chalet price Furnish jacuzz sauna total Income Yield%
Type 1 258,000 37.000 4,600 incl. 299,600 14980 5.00%
Type 1 258,000 37.000 295,000 14,750 5.00%
Type 2 232,000 34,500 8,500 275,000 13,750 5.00%
Type 2 232,000 34,500 266,500 13,325 5.00%
The above prices are for guidance and can change without notice..please check at the time of any reservation of a chalet.
Buying costs guide:
Legal fees and registrations for purchase – approx 7% + vat
Gov set fees are 3% + vat for Agent or consultants. so approx 10% total buying costs.
These fees are listed below.
Type 1 = 7,740 + 20% vat = 9,288
Type 2 = 6,960 + 20% vat = 8,352
Local access: Directly at the Car parking area, is the entry point for the ski and hiking bus. To ensure mobility within the area, a shuttle service is also available.
The holiday village is being built with alpine chalets on a small hill above the Motor home and camping area, to high quality . Some early photos of the chalets are artist impressions, actual photos have been added as building has progressed.
Mallnitz offers a good infrastructure. In the immediate vicinity are shops, restaurants, bars, a school and kindergarten. Also, the Tauren tunnel car train makes it so easy to access the complete Gastein valley for more ski areas!!
2nd Oct 20
First phase all sold and second phase commencing in Autumn 2020 for reservation.
27.01.20 – price update
Due to labour and materials increases, prices for the chalets have been updated for 2020.
New prices for 2020 are small chalet 232,000 and large chalet 258,000 euros.
21.01.20 – photos
Even with winter snows, this did not stop the completion of chalets as the main finishing work was inside, and certainly ready for ski guests.
Mallnitz chalet development
The winter snow is arriving, the chalets are completed and work is now concentrating on the internal finishes, such as the saunas and furniture installation.
Thee gardens and public areas being laid out and landscaped.
Chalet shells on 1st phase almost completed. Next will be internal fittings as the weather turns to winter. Chalets should be ready for the start of winter ski season.
First chalets under construction. First phase due for completion in December in time for Winter rentals.
02.09.19 -Reception, restaurant and services buildings completed.
Chalet Plots marked out and infrastructure/services for each chalet installed
Hillside has been cleared and all plots have been prepared. The footing and brickwork to first level for the r estaurant and other facilities has commenced.
The IC / EC train station Mallnitz-Obervellach, offers good connections for train travellers from Salzburg and also car drivers. The Tauernbahn motorail connects the Gastein valley in Salzburgland with the Mölltal in Carinthia through the Tauern tunnel, and is a perfect traffic jam-free alternative to the Tauern motorway.
Mallnitz is located at an altitude of about 1200 metres in the Hohe Tauern National Park, so in winter offers a snow-sure ski area with the Ankogel.
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Disclaimer: The property data is supplied by the owner and/or third parties. We cannot, therefore, be held responsible for the correctness or the completeness of the information. We do our best to confirm that all details supplied to us are correct, but we do advise our clients to check and ensure that they have all the necessary information during a property viewing.Enquire about this property Need a Mortgage? Click Here