Attractive corner apartment building from the Gründerzeit era with conversion potential and good returns near Quellenplatz.
Investment for sale in 1100 Wien
Property Description
Location:
This attractive turn-of-the-century corner tenement house is located just a few steps from Quellenplatz. The excellent public transport connections and proximity to shopping, dining, and public infrastructure make the location particularly interesting.
Description:
Built in 1887, the building presents itself as a typical example of Wiener turn-of-the-century architecture with a representative original façade. The raw attic offers additional expansion potential and opens up attractive opportunities for increasing the usable space.
The listed total usable area of 1,192.15 m² is divided as follows:
-
16 apartments of different categories on the upper floors (1st to 3rd floors)
-
2 commercial units on the ground floor
The net yield currently amounts to EUR 7,836.12 per month, 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 during re-letting to market-standard rates
-
Attic conversion to create additional, profitable living units
These measures offer the opportunity to significantly increase the ongoing yield and thus achieve an above-average optimizable return.
Note:
The contract will be prepared exclusively by the appointed lawyer (legal counsel binding, non-negotiable).
Purchase Price: EUR 2,650,000 (negotiable base)
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