Historic Wohnung with courtyard and arcades

For centuries at the finest address.

Right in the centre of the centre, where the life of the city has pulsed for centuries, stands this extraordinary townhouse. Almost reserved from the outside. Almost inconspicuous. And precisely for that reason, hardly anyone suspects what is actually hidden behind its historic façade.

Perhaps that is precisely its greatest secret. Even many long-established residents of Klosterneuburg still do not know what extraordinary world is hidden behind these historic walls.

For it is only when one embarks on the journey inside that the property begins to unfold piece by piece.

A long, narrow courtyard, historic arcades, impressive vaults, winding parts of the building and, again and again, sightlines that open up views towards Klosterneuburg Abbey. Suddenly, it no longer feels like a classic apartment building, but rather like its own microcosm with a completely individual atmosphere.

And that is precisely what makes this property so extraordinary.

This historic ensemble extends across a plot of around 758 m², with origins dating back to 1339. Over the centuries, the house was repeatedly extended, combined and preserved with great care. Today, it presents itself as a striking corner building and defining element of Klosterneuburg’s historic town square.

The majority of the property has already been renovated and successfully rented. The building currently offers around 14 rentable units in total, including several commercial units, apartments, as well as established doctors’ practices and practice premises.

But for visionary investors in particular, the story is far from over.

Additional rooms, historic vaulted cellars and previously unused areas open up opportunities that are extremely rare today. Whether for further letting, representative use or the careful further development of the existing property – this house offers room for ideas.

Heritage protection preserves precisely those details that make this building unmistakable. Historic groin vaults, arcades dating from the 16th century, a magnificent stucco ceiling from around 1720 and numerous preserved architectural elements tell of centuries of lived history and give the property a character that cannot be recreated.

This house will inspire people who have an eye for the exceptional. People who do not see historic buildings as a challenge, but as a privilege. Who recognise possibilities where others see only old walls. And who know that some values simply cannot be expressed in an Excel spreadsheet.

Economically, the property already impresses today with a gross yield of around 5 %. However, its true potential lies in the possibilities still ahead. Additional areas and historic parts of the building are waiting to be further developed with ideas and sensitivity.

A more central location in Klosterneuburg is hardly imaginable. Restaurants, cafés, local amenities, public transport and Klosterneuburg Abbey are practically on the doorstep. It is precisely this combination of historic significance, excellent visibility and outstanding accessibility that has made this address so valuable for centuries – and will very probably continue to do so in the future.

Let yourself be enchanted and take a look into the past with me; you will be delighted! I am already looking forward to personally showing you this very special offer.

The price: € 1.990.000,--

The agent acts as a dual broker.

Information as required by law:

• Heating demand:221.0 kWh/(m²a)
• Heating demand class:F

Note due to the current situation concerning coronavirus:

For companies in the area of the Professional Association of Real Estate and Asset Trustees (real estate trustees and collection agencies), it is strongly recommended from 16 March 2020 to discontinue all personal customer contact, including in field service (such as viewings or visits by field-service employees – debt collectors).

The regulations apply from 16.3.2020 to 13.4.2020.

This concerns the health of us all; therefore, we have decided to comply with these measures for the coming weeks and ask for your understanding. Of course, you are still very welcome to reach us by telephone, email, Whatsapp or video conference; we now have plenty of time for a chat :-)