Old building jewel in 1190, compact 33 m² unit with great development potential, commission-free from the owner

Raw diamond in the 19th district: old apartment with exceptional value appreciation potential

TOP 08 at Grinzinger Straße 111 is a rare opportunity for buyers who recognize — and seize — the right moment.

Key data at a glance

• Address: Grinzinger Straße 111, 1190 Wien (Döbling)
• Living usable area: 32,97 m²
• Location in the building: 2. Obergeschoss
• Building type: Well-kept Gründerzeithaus
• Condition: In need of renovation – design according to your own ideas possible
• Purchase price: ca. € 5.100,–/m² – significantly below market level for the 19th district
• Brokerage commission: none

A price that is unmatched in this location

Renovated comparable properties in the 19th district achieve significantly higher price per square meter. Those who buy here and renovate with manageable effort create a property whose market value after upgrading is significantly above the entry price. The leverage is rarely as favorable.

Possible uses

• Home office, youth apartment or guest area
• Combination with the directly adjacent TOP 09 to the generous Altbauresidenz
• Investment with a clear value appreciation perspective
• Owner-occupation after individual renovation & design

The whole building increases in value – every unit benefits

As part of ongoing construction measures the property will be comprehensively modernized:

• Facade renovation
• Redesign and repainting of the stairwell
• Installation of a passenger lift
• Expansion of the attic

These measures increase the value of every single unit in the building – a modernized stairwell, a new elevator and a renovated facade are reflected directly in the resale value. For existing owners, there are no additional costs due to the attic expansion.

Share of cost contribution TOP 08 (Use value: 30/787)

• Renovation generally: € 1.308,–
• Installation of lift: € 2.705,–

3D tour TOP 08: https://my.matterport.com/show/?m=pAots9ZBMNM

Ancillary costs on purchase

• 3,50 % real estate transfer tax
• 1,10 % registration fee
• Costs for establishment, fiduciary execution & real estate registry handling of the purchase agreement
• No real estate agent commission

For further information or to arrange a viewing appointment, we are at your disposal at any time.

Tim Rauter, MBA

[email protected]

+43 676 44 59 665