Attractive investment in 1220 Vienna + High-yield tenement building with development potential, adjacent building plot and additional development potential of around 900 m²

Sustainable returns meet exceptional development potential

In an attractive location at Gemeindeaugasse 16 in the 22nd district of Vienna, a very well maintained tenement house with an adjacent plot is for sale.

The property combines stable rental income with significant development potential and thus represents a rare opportunity for investors and project developers.

The tenement house is currently 100 percent rented. Around 85 percent of the tenancies are fixed-term, only about 15 percent are open-ended. This provides the property with both an ongoing cash flow and attractive prospects for future redevelopment.

A particular highlight is the adjacent plot already included in the purchase price, on which the construction of a new building with an additional usable area of around 900 m² is possible. This opens up the possibility of optimally combining existing returns with long-term project development.

Highlights

• Tenement house in well-maintained overall condition
• Apartments and common areas continuously maintained
• 100 percent rented
• Around 85 percent fixed-term rental contracts
• Only around 15 percent open-ended rental contracts
• Ongoing rental income from day one
• Adjacent plot already included in the purchase price
• New build potential of around 900 m² additional usable area
• Attractive combination of existing income and project development
• Excellent infrastructure and good transport connections

Development potential

This property offers investors an ideal balance between immediate returns and long-term value appreciation.

While the existing tenement house generates ongoing income, the adjacent plot offers the opportunity to realize a modern new building project with an additional usable area of around 1.000 m². The high proportion of fixed-term tenancies furthermore creates additional long-term flexibility for a possible further development of the overall project.

Thus, the property is suitable both as a sustainable investment with a stable cash flow and as a strategic development reserve in a sought-after Viennese residential location.

Location

Gemeindeaugasse in the 22nd district of Vienna is characterized by its excellent infrastructure and the outstanding connection to the public transport network. Shopping facilities, schools, kindergartens, medical care and numerous leisure activities are located in the immediate vicinity. The continuously increasing demand for housing in this district makes the location particularly attractive for long-term real estate investments.

Purchase price

Due to the discount already granted by the financing bank, the stated purchase price is a fixed price.

If you have any questions or would like to arrange a viewing appointment, we are always available to assist you!

Kind regards,

Philipp Grabner

+43 664 11 32 004

Note in accordance with the Energy Performance Certificate Presentation Act: An energy performance certificate has not yet been provided by the owner or seller, after our clarification about the generally applicable presentation obligation and the request to prepare it. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is agreed. We accept no warranty or liability for the actual energy efficiency of the offered property.