1020! Yield approx. 5.88%! Retail premises with street-facing display windows and storage room! Rented indefinitely!

1020! Yield approx. 5.88%! Commercial premises with street-facing display windows and storage room! Rented on an unlimited basis!

This commercial premises with street-facing display windows on the ground floor of a well-maintained old building (year of construction 1910), together with an associated storage room in the basement, with a yield of approx. 5.88%, is offered for sale in Wolfgang Schmälzlgasse in Vienna's 2nd municipal district.

The commercial premises has been rented on an unlimited basis since December 1998; the tenant is tax-exempt. The storage room is rented for a fixed term until 14.7.2028.

The areas are sold only as a complete package and have a total usable area of approx. 202m².

If interested, we will be happy to arrange a viewing appointment with the current tenant.

Key data

• Total usable area approx. 202.92 m² (commercial premises approx. 121.19 m²/storage room approx. 81.73 m²)
• Tenant is tax-exempt
• Yield approx. 5.88%
• Year of construction 1910
• Lift in the building

Current monthly costs:

• Current operating costs net: € 525.56 (plus 20% VAT)
• Current lift operating costs net: € 40.58 /plus 20% VAT)
• Current reserve fund: € 123.76
• Current total costs per month incl. VAT: 803.13

Purchase price: € 515,000,--

Purchase agreement drafter and trustee: Tiefenthaler Gnesda Rechtsanwälte GmbH, flat fee of 1.2% of the purchase price plus VAT + cash expenses.

Upon request, we will send further purchase documents (including monthly costs, condominium ownership agreement, useful value report, minutes of the last owners' meeting, energy performance certificate, land register extract, etc.).

Broker's commission: 3% of the purchase price plus 20% VAT (€ 15,450,-- plus 20% VAT = € 18,540,--)

Location/infrastructure

Wolfgang-Schmälzl-Gasse is located in the 2nd district – Leopoldstadt, a central and sought-after area of Vienna. The neighborhood is characterized by its proximity to Vienna's city center and offers an urban lifestyle with many cultural and social amenities. The surrounding area has shops for everyday needs, restaurants, cafés and a diverse gastronomic scene. The popular Vienna Prater, with local recreation areas, sports facilities and leisure activities, is very close by.

Excellent transport connections

• Wien Praterstern railway station is very close – one of the most important transport hubs in northeastern Vienna.
• U1 Vorgartenstraße - fast connection, for example, to Stephansplatz and onward to the city center.
• U2 Messe Prater - good east-west connection through the city
• Tram line 5
• Bus line 82A

We point out that there is a family or economic relationship between the broker and the third party to whom the brokerage services are provided.

The broker acts as a dual agent.