Old building apartment quiet investment property

Concrete gold in Penzing – Investment property with future potential

These 2 charming old apartments on Schanzstraße in the traffic-calmed 14th district offer an attractive opportunity for investors with a long-term outlook. The properties are currently let on an indefinite-term basis — at a comparatively low rent — and are ideal for buyers who are interested in sustainable value development rather than short-term rental yields.

Properties like these are not without reason considered “Betongold”: They offer stability, inflation protection and real substance in uncertain economic times. Especially in Vienna – a city with high quality of life, steady population growth and at the same time a decline in private construction activity – housing is increasingly scarce. This decline in new-build supply is expected to bring further price increases in the residential real estate sector in the coming years. Those who invest today position themselves early for this development.

The location convinces with calm and good infrastructure alike. Schanzstraße is a quiet side street in Penzing, one of Vienna's greenest districts. Streetcar lines (10, 52), buses and the nearby subway (U3 and U4) provide excellent public transport connections. In the immediate surroundings there are groceries, doctors, schools as well as Hanusch Hospital and the Social Medical Center Baumgartner Höhe. The nearby Dehnepark and Steinhofgründe also offer high leisure and recreational value.

By acquiring these two properties you are not only getting an apartment, but a secure building block for long-term wealth accumulation – a solid investment with potential in an increasingly tight housing market.

Facts:

• Top 1
  • Living space: 40,89m²
  • Rooms: 2
  • Storage room: 2,01m²
  • Rent: indefinite
  • Main rent: 194,83€ (incl. UST)
  • Category: A
• Top 5
  • Living space: 55,43m²
  • Rooms: 3
  • Storage room: 2,47m²
  • Rent: indefinite
  • Main rent: 187,22€ (inkl.UST)
  • Category: A

Both apartments therefore achieve a rent of 382,05€ (incl. UST) per month. The apartments may only be purchased together.

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Note pursuant to the Energy Certificate Vorlagegesetz: An energy certificate has not yet been presented by the owner or seller, after our explanation of the generally applicable presentation obligation, as well as request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and the type of the building is deemed agreed. We assume no warranties or liability for the actual energy efficiency of the offered property.

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual broker.

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <500m
  • Clinic <1.000m
  • Hospital <2.000m
• Kids & Schools
  • School <500m
  • Kindergarten <500m
  • University <500m
  • Advanced School <1.000m
• Nearby services
  • Supermarket <500m
  • Bakery <500m
  • Shopping center <500m
• Other
  • ATM <500m
  • Bank <500m
  • Post <500m
  • Police <500m
• Transport
  • Bus <500m
  • U-Bahn <500m
  • Tram <500m
  • Train station <500m
  • Highway access <5.000m

Distances as the crow flies / Source: OpenStreetMap