Attractive corner tenement house from the Gründerzeit era with development potential and good returns near Quellenplatz.
Investment for sale in 1100 Wien
Property Description
Location:
This attractive turn-of-the-century corner apartment building is located just a few steps from the Quellenplatz. The excellent public transport connections and the proximity to shopping, dining, and public infrastructure make the location particularly interesting.
Description:
The building, constructed in 1887, is presented as a typical example of Vienna's turn-of-the-century architecture with a representative original façade. The raw attic offers additional development potential and opens up attractive opportunities for expanding usable space.
The total usable area stated in the rental list is 1,192.15 m², divided as follows:
-
16 apartments of different categories in the upper floors (1st to 3rd floor)
-
2 retail spaces on the ground floor
Currently, the net yield amounts to EUR 7,836.12 monthly, corresponding to an annual yield of around EUR 94,000.
Land Use Designation: W and WGV, building height up to 18 m
The house is in private ownership and has not been extensively modernized so far. This results in a significant development potential – particularly through:
-
Adjustment of existing rents upon re-letting to market standards
-
Expansion of the attic to create additional, profitable residential units
These measures offer the opportunity to significantly increase ongoing yields and thus achieve an above-average optimizable return.
Note:
The contract preparation is carried out exclusively by the appointed lawyer (lawyer binding, non-negotiable).
Purchase Price: EUR 2,650,000 (negotiable basis)
Documents
Price details
- Purchase price:
- €2,650,000.00
- Brokerage:
- Yes
- Brokerage:
- 3% of the purchase price plus 20% VAT.
Facts
- Property number:
- 60558
- Property type:
- Investment
- Net internal area:
- 1,192 m²
- Availability:
- Active