Attractive corner rental apartment building from the Gründerzeit era with expansion potential and good returns near Quellenplatz.
Investment for sale in 1100 Wien
Property Description
Location:
This attractive turn-of-the-century corner residential building is located just a few steps away from Quellenplatz. The excellent public transport connections and the proximity to shopping facilities, restaurants, and public infrastructure make this location particularly interesting.
Description:
Built in 1887, the building presents itself as a typical example of Viennese turn-of-the-century architecture with a representative original facade. The raw attic offers additional expansion potential and opens up attractive opportunities for increasing usable space.
The total usable area of 1,192.15 m², as stated in the rental list, is divided as follows:
-
16 apartments of varying categories on the upper floors (1st to 3rd floor)
-
2 commercial units on the ground floor
Currently, the net yield amounts to EUR 7,836.12 per month, corresponding to an annual yield of around EUR 94,000.
Land Use Classification: W and WGV, building height up to 18 m
The house is in private ownership and has not yet been extensively modernized. This results in a significant development potential – particularly through:
-
Adjustment of existing rents for new rentals to market standards
-
Expansion of the attic to create additional, profitable residential units
These measures offer the chance to significantly increase ongoing revenue and thus achieve a above-average optimizable return.
Note:
The contract drafting will be done exclusively through 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