Near Hofferplatz: renovated tenement jewel in top location Ottakring with development potential and imminent availability

Near Hofferplatz: Renovated tenement jewel in top location Ottakring

with development potential and imminent availability

In a sought-after location in Vienna's 16th district, this extensively renovated old building on Hasnerstraße presents an attractive investment opportunity with sustainable development potential. The building underwent a high-quality general renovation about five years ago – during which the attic was expanded, an elevator was installed, and street-facing balconies were added. The successful combination of classic Viennese architecture and modern amenities ensures a high level of location quality and long-term rental viability.

The storage and office spaces (Top 1/2/4/5 according to the current partitioning) have a total usable area of approx. 430,71 m² and are currently leased on a fixed-term basis until at latest 30.06.2028. According to supplementary agreements (2017 and 2023), the space allocations and charges have been continually adjusted. However, the tenant has indicated a very likely early surrender by 30.06.2026, which in the medium term opens up new usage possibilities.

The units were restructured during the partitioning; additionally basement compartments are available. Common areas such as a bicycle and stroller room further increase the attractiveness of the building.

One special highlight is the courtyard building (Top 2): According to an architectural study, there is the possibility to expand this from currently approx. 45,61 m² to up to approx. 115 m² of usable space and, for example, repurpose it as a workshop. A garden area already designated of approx. 15,67 m² offers additional quality. Currently, it is being examined to what extent extended development and usage possibilities are feasible.

Summary

• Renovated old building (approx. 5 years)
• Attic expansion, lift and balconies newly constructed
• Approx. 430,71 m² of leased usable space
• Fixed-term leases until 06/2028 (early clearance in 2026 likely)
• Expansion and development potential in the courtyard building
• Attractive location in 1160 Vienna with very good infrastructure

This property offers a rare combination of ongoing rental income, mid-term availability and additional expansion potential – ideal for investors with a view to sustainable value growth.

Operating costs, repair reserve and individual purchase prices of the individual objects can be provided on request.

Location:

The package is located in Vienna's 16th district, near Thaliastraße (U-Bahn station U6). Trams lines 5 and 46 as well as the bus line 48A are also in the immediate vicinity. A number of cafes and restaurants are within a short walk.

Energy values:

Residential: HWB: 107,68 kWh/m2a, fGee: 2,06, Energy class: D

Commercial: HWB: 187,44 kWh/m2a, fGee: 1,50, Energy classes: E, C

Additional costs:

Land register entry: 1,1% of the purchase price.

Real estate transfer tax: 3,5% of the purchase price.

Brokerage commission: 3% of the purchase price + 20% VAT

Purchase contract fee: EUR 3.000,-- plus out-of-pocket expenses and VAT by the law firm Tiefenthaler Gnesda Rechtsanwälte GmbH

In case of sincere interest, we will of course provide further documents, including:

• Land register excerpt
• Condominium ownership contract
• Use-value appraisal
• Minutes of homeowners' meetings (if available) and more

Our all-round service for you: If you decide on this property, we will competently guide you through the entire purchase process – starting with the purchase offer, through the coordination of individual wishes and the signing of the contract to the handover of the property. We also assist with organizational steps such as transferring electricity, gas or district heating. Of course we provide all necessary forms and documents for this.

Furthermore, we are happy to help you with financing your dream property and, together with our experienced financing partners, develop optimal solutions at attractive terms.

Would you like to sell your property? Then you are in good hands with us! We offer you a non-binding and free initial consultation including a thorough valuation of your property as well as a transparent presentation of all relevant factors.

Brokerage agreement: We ask for your understanding that with inquiries about the property address, or viewing appointment, due to new legal provisions, we can only send documents after you confirm in advance that you want our immediate action and that you have been informed of your withdrawal rights. After your written inquiry with full name, address and phone number you will receive an email in which you must confirm these points.

Disclaimer: We point out that all data in the present offer as well as the information provided by our office to you were provided by the seller of the property to be mediated. Also, information from third parties (e.g., official information) has been obtained; we cannot assume liability for their accuracy. We note 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 agent.