Attractive investment apartment with development potential in the 20th district

Viennese old building with development potential

For sale is a characterful Viennese old building in an attractive location in the 20th district. The building combines the unmistakable charm of classic Viennese Gründerzeit architecture with modernization measures already carried out and at the same time offers interesting development potential for investors and property owners.

The rental building comprises a total of seven residential units, of which three apartments have already been refurbished to a high standard. The remaining four units are in an unrefurbished condition and open up attractive opportunities for further value enhancement through renovation and modernization.

Typical old-building features such as the classic facade design, generous ceiling heights and the special character of historic Viennese residential buildings give the property lasting appeal. The combination of already implemented renovation measures and existing development potential makes the property interesting both for long-term oriented investors and for investors with an active asset management approach.

Highlights

• Total of 7 residential units
• 3 apartments already renovated
• 4 apartments with development potential
• Attractive location in Brigittenau
• Solid fabric with value enhancement opportunities
• Ideal investment for investors and developers
• Combination of standing stock and development potential
• Passenger elevator

Location

Friedrich-Engels-Platz in the 20th Vienna municipal district Brigittenau combines urban infrastructure with a high quality of life. Numerous shopping facilities, schools, restaurants as well as facilities for daily needs are located in the immediate vicinity. Thanks to good connections to the public transport network, the Vienna city center and other districts can be reached quickly.

The nearby Danube Island offers a variety of opportunities for relaxation and leisure activities and underscores the attractiveness of this sought-after residential location. The combination of good infrastructure, excellent accessibility and a wide range of leisure activities makes Brigittenau a popular Viennese residential district.

We point out that there is a family or economic close relationship between the broker and the third party to be brokered.

The broker acts as a dual agent.

Infrastructure / Distances

Health

• Arzt <150m
• Apotheke <75m
• Klinik <525m
• Krankenhaus <775m

Children & Schools

• Schule <275m
• Kindergarten <100m
• Universität <575m
• Höhere Schule <1.300m

Local supply

• Supermarkt <175m
• Bäckerei <325m
• Einkaufszentrum <500m

Other

• Geldautomat <75m
• Bank <200m
• Post <650m
• Polizei <100m

Transport

• Bus <100m
• U-Bahn <375m
• Straßenbahn <100m
• Bahnhof <375m
• Autobahnanschluss <925m

Angaben Entfernung Luftlinie / Quelle: OpenStreetMap