Old building apartment with potential near U4

A special opportunity for investors and lovers of historic buildings who currently do not have a residential need: in the popular 14th district of Vienna, Penzing, a spacious 132 square meter old-building apartment in an excellent location is for sale. It is currently rented on an unlimited lease.

Attention: This property is being sold through a Digital Offer Procedure (DAVE). The price of 290.000.- Euro is the starting price and may change during the DAVE. Subject to acceptance by the seller! More information about the DAVE can be obtained from me or at www.remax.at/dave

Fast Facts:

• Condominium, 132 m²
• 3,5 rooms, antechamber, kitchen, bathroom, toilet, basement compartment
• Old building, 3rd floor, elevator
• Gas central heating
• Parquet floors
• Very good location
• Orientation: North/East
• Currently tenanted on an indefinite lease
• Renovation needs with a lot of potential
• Target group: investors, owner-occupiers who currently do not have a residential need

In this roughly 1900-built and very nicely renovated Gründerzeithaus, a later installed elevator brings you to the 3rd floor, where you can enter the bright apartment. It is oriented to the north, east and southeast and is characterized by the typical old-building flair with high ceilings and large box windows.

With 3 rooms, a kabinet, a large foyer, kitchen, bathroom and a separate WC on 132 m², this apartment has a lot of potential for individual design within a comprehensive renovation.

The property is currently permanently rented to an elderly lady (no entry right under § 12 MRG) and is therefore suitable as a provisional investment object that can later be used for owner-occupation or rental.

1) When renting out the apartment again, due to the size of more than 130 m², instead of the lower standard rent, a “reasonable rent” can be charged.

Renovation needs:

The entire apartment requires renovation (electrical installation, heating, windows, walls and partly the floors). This is also a great opportunity for individualized redesign according to your taste and needs. For example, a conversion into a living and dining room with an integrated kitchen could create a 4th full room from the cabinet. The typical old-building character can be optimally highlighted with a modern renovation, which will give the apartment a lot of charm and living quality.

Location:

The location and infrastructure of the apartment are excellent: located near the Vienna River (Wienfluss) in the heart of the 14th district, you will find supermarkets for daily needs and important providers, as well as restaurants, kindergartens, schools and doctors in the surroundings. A nearby footbridge or the Baumgartenbrücke crosses the Wienfluss and the subway into the 13th district, where you will also find many shops and service providers.

The connection to the public transport network is excellent: after a 150 m walk you reach the U4 Braunschweiggasse station and in another 15 minutes you are in the city center. For cyclists, the Wiental cycle path is practically at your doorstep. Green spaces such as Schönbrunn Palace Park, the Rote Berg, or the Lainzer Tiergarten are also quickly reachable and offer high recreational value.

For more information or a viewing appointment, I am happy to assist. Take the opportunity to acquire this old-building apartment with potential in one of Vienna’s most sought-after locations!

All information is based on information from the owner and third parties and is provided without warranty.

Dual agency

We inform you that we exercise dual agency for this property (§ 5 Abs. 3 MaklerG).

Have you already arranged financing?

If not, we are happy to unobligatorily establish a contact with an independent financing advisor. We work with the two largest providers on the market, who, through their broad portfolio of partner banks, can often obtain the best terms for you!

Nebenkosten

3,5% real estate transfer tax; 1,1% entry in the land registry; about 1-3% costs of lawyer/notary for contract preparation; 3% brokerage fee plus VAT, if applicable financing costs and fees of the bank or lending institution.

Infrastructure / Distances

Health

• Doctor <500m
• Pharmacy <500m
• Clinic <1.000m
• Hospital <1.000m

Children & Schools

• School <500m
• Kindergarten <500m
• University <1.500m
• Higher school <3.000m

Amenities

• Supermarket <500m
• Bakery <500m
• Shopping center <2.500m

Other

• ATM <500m
• Bank <500m
• Post <500m
• Police <1.000m

Traffic

• Bus <500m
• Subway <500m
• Tram <500m
• Train station <500m
• motorway access <4.500m

Distances as-the-crow-flies / Source: OpenStreetMap