Betongold - Attractive 4.5% yield! Indefinitely leased retail unit at Kardinal-Nagl-Platz

Hainburger Straße

This magnificent apartment building dating from the turn of the century is located in a popular residential area of Vienna’s 3rd district and fascinates with its authentic period-building charm and a multitude of architecturally distinctive details. The property comprises five classic regular floors and two converted attic floors. As part of the attic-floor development, not only were new residential units created, but the common areas were also modernized and a passenger lift installed. The special character of the building is evident both in the elegantly articulated stucco façade and inside: finely crafted brass railings, historic staircases and stylish chandeliers give the building an extraordinary appeal.

The location

Anyone wishing to combine urban living with comfort, practical infrastructure and a high quality of life is in exactly the right place here. All everyday amenities can be found in the immediate vicinity: supermarkets, pharmacies, schools, doctors, cafés and a post office are conveniently reachable on foot.

The Kardinal-Nagl-Platz U3 station is just a few steps away and takes you directly to the city centre (Stephansplatz) in less than 10 minutes. Further connections are provided by bus line 4A, Nightline N29 and the Erdberg International Bus Terminal, which is reachable in just two stops. Via the A4 motorway, you can quickly reach Vienna-Schwechat Airport – ideal for frequent travellers.

In addition to urban convenience, the area also benefits from its proximity to nature: the Danube Canal and the extensive Grünen Prater are only a few minutes’ walk away and offer a place to relax right in the city.

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Note: To better visualize the property, some images in this listing have been virtually furnished using artificial intelligence (AI) (Virtual Staging) or digitally edited. The furniture, furnishings and design elements shown are not part of the actual offer and are intended solely to illustrate possible usage concepts.

Top 2-3

A commercial unit rented on an indefinite basis with a 4,5% return offers an attractive combination of immediate rental income, long-term planning security and tax benefits.

• rented on an indefinite basis
• attractive purchase price for future increases in value
• regular income immediately after purchase
• current net principal rent: EUR 848,17 / month
• current return before ancillary costs of 4,5%
• value retention of the property
• indexed rent adjustment
• tax benefits
• market-conforming rent / increase in return when the commercial unit becomes vacant
• prospect of personal use or profitable resale

This property is ideally suited as a medium- to long-term investment with solid development potential.

Please note: Due to the existing tenancy, a viewing is currently possible only by arrangement with the tenants. We will be happy to provide you with further documents on request.

The location

The area around Kardinal-Nagl-Platz was significantly upgraded last year through the extensive renovation work carried out on the park.

All shops for everyday needs, as well as schools, doctors, pharmacies and a post office, are located in the immediate vicinity. The culinary offering also leaves nothing to be desired: whether traditional Austrian cuisine or a diverse selection of international establishments, there is something for everyone.

The Kardinal-Nagl-Platz underground station is directly in front of the building. With the U3, you can reach Stephansplatz in less than 10 minutes. In addition, bus line 4A and Nightline N29 operate within less than 5 minutes’ reach.

The international bus terminal "Erdberg" is only 2 stops away, and thanks to the motorway access to the A4, the airport "Schwechat" can be reached in about 15 minutes.

Nature lovers are also well catered for: both the Danube Canal and the Grünen Prater are within walking distance.

The building

This magnificent apartment building dating from the turn of the century impresses both outside and inside with numerous architectural elements, such as an articulated stucco façade, detailed brass railings and magnificent chandeliers in the staircase.

The property consists of 5 regular floors and 2 converted attic floors.

As part of the attic conversion, a passenger lift was installed and the common areas were renovated. Nevertheless, the historic character of the building has been well preserved.

A highlight of the building are the completely dry basement storage units, which are rare for the year of construction.

There is also a covered bicycle parking facility in the inner courtyard and a laundry room available to all owners.

Additional costs

For the sake of good order, we note that, unless otherwise stated in the offer, a commission is payable upon successful completion, corresponding to the rates stipulated in the Real Estate Agents Ordinance BGBI. 262 and 297/1996 – namely 3% of the purchase price plus 20% VAT or 2 gross monthly rents plus 20% VAT. This commission obligation also applies if you pass on the information provided to you to third parties. There is an economic relationship of proximity to the seller.

The preparation of the contract and trustee processing are assigned to the law firm Dr. Rumpf, A-1010 Vienna. The costs amount to 1,5 % of the purchase price plus 20 % VAT, as well as cash expenses and certification. In the case of external financing, the fee increases to 1,8 % of the purchase price plus 20 % VAT, cash expenses and certification.

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

The broker acts as a dual agent.