Rental House Vienna 1020, 3,043m²

This rental house is quietly located near U1 Vorgartenstraße in Vienna 1020, Leopoldstadt. Built in 1900 as an old building, the attic extension was completed in 2009/2010 with approx. 750 m² plus terraces. The total usable area is 3,043 m², of which approx. 773 m² is leased for a limited term, 60 m² vacant, and 2,210 m² permanently leased. The property offers a net income of approx. €320,000 at full occupancy with a yield of 3.56 %. Seven apartments have legacy tenant potential. It features a passenger elevator and is well-maintained.

• Quiet location near U1 Vorgartenstraße
• Attic extended 2009/2010 (approx. 750 m² + terraces)
• Passenger elevator available
• Total usable area 3,043 m²
• Net income approx. €320,000 at full occupancy
• Yield 3.56 %
• Legacy tenant potential for 412 m²
• Excellent infrastructure in central location

Location & Surroundings

The property is in an excellent location with comprehensive infrastructure. U-Bahn, bus, tram, and train station are reachable in less than 500 m. Supermarket, bakery, pharmacy, doctor, and school are also under 500 m away. Clinic and university are within 1,000 m, shopping center and highway access within 2,000 m and 1,000 m respectively. Bank, post office, and police are within walking distance.

Additional Information

• Purchase price: €8,990,000 (€2,954/m²)
• Net income short-term: approx. €320,000
• Yield: 3.56 % at full occupancy
• Plot area: 925 m²