Commercial Property with Development Potential

On the property there is a building erected in the 1980er-Jahren and continually adapted in mass construction. The building extends over a ground floor and an upper floor and has no basement. On the ground floor there are two commercially used units (retail premises), while the upper floor is mainly used as office space. The access to the office units is via a covered exterior staircase, with access directly via the Traviatagasse. On the property there are several vehicle parking spaces as well as ample maneuvering areas, which, especially for commercial uses, represent a substantial added value. The building features a solid and functional fit-out with all essential connections (electricity, water, gas, sewer and telecommunications) as well as a gas central heating and partial air conditioning.

Of 11 units, 3 are currently leased on a fixed term (partly with flat-rate rent) and 1 is leased on an indefinite term; the remaining 9 units are vacant.

The monthly income amounts to currently € 5.221,58 net.

Taking into account the assumed full occupancy, this results in a potential monthly main rent of around EUR 9.771,58 net. After deducting operating costs (assumption: rental of the upper floor only with flat-rate rents) in the amount of currently EUR 616,00 as well as estimated electricity costs of around EUR 150,00, a calculated main rent of around EUR 9.005,58 net per month remains.

If you are interested, we will gladly provide you with a detailed statement.

Development potential:

For the property there was already a government-authorized project planning for the comprehensive expansion of the stock. The plan provided for the elevation of the existing building by additional office space as well as the construction of a multi-storey warehouse building in the rear area of the property. In the course of this planning, an additional usable area of around 788,58 m² could have been realized, which would increase the total usable area after Zu-, Um- and Ausbau to around 1.440 m². In addition to additional office space in the attic, modern storage spaces over several levels as well as further vehicle parking spaces were planned. The access should be via an internal staircase with elevator, ensuring a modern and efficient use.

The original building permit has now expired.

However, with the existing planning there is a solid basis for a renewed submission. The project illustrates the significant redevelopment and expansion potential of the property and provides an attractive basis for a future development.

Thus, it opens up an interesting value-add potential for investors and developers who want to create additional space and sustainably upgrade the property.

Note pursuant to the Energy Certificate Vorlagegesetz: An energy certificate has not yet been presented by the owner or seller, after our clarification about the generally applicable obligation to present, as well as request for its creation. Therefore at least a total energy efficiency corresponding to the age and type of the building is considered agreed. We make no warranty or liability for the actual energy efficiency of the offered property.

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

The broker acts as a double broker.

Infrastructure / Distances

• Health
  • Doctor <1.500m
  • Pharmacy <1.000m
  • Clinic <1.500m
  • Hospital <2.500m
• Children & Schools
  • School <1.000m
  • Kindergarten <500m
  • University <3.500m
  • Upper school <4.000m
• Local supply
  • Supermarket <500m
  • Bakery <2.000m
  • Shopping center <1.000m
• Other
  • ATM <1.000m
  • Bank <500m
  • Post office <500m
  • Police <1.000m
• Transport
  • Bus <500m
  • U-Bahn <2.000m
  • Tram <1.500m
  • Train station <1.000m
  • Motorway access <1.000m
• Distances as-the-crow-flies / Source: OpenStreetMap