Gründerzeit Tenement Vienna 10., 1188m²

This renovation-necessary corner tenement in the classic Gründerzeit style offers a rare opportunity for developers and investors in the up-and-coming 10th district of Vienna. The characterful property already includes an expanded attic and a current use-value appraisal. Particularly attractive is the high vacancy — 21 of 28 units are free or will be vacated in the short term, allowing immediate renovation, re-letting, or liquidation. Additionally, the location outside the residential zone opens up interesting prospects for a possible short-stay or boarding concept, subject to appropriate approval.

At a glance

• 28 units: 27 apartments + 1 commercial premises
• Total usable area: ca. 1,188 m²
• Condition: renovation required
• Top floor already expanded (4 apartments, ~223 m², two with terrace)
• Short-term rental permitted (exemption approval per § 129 Abs. 1a Wr. BO required, location outside residential zone)
• Purchase price: EUR 3.850.000 (≈ EUR 3.240/m²)

Location

The apartment is located in a well-connected yet pleasantly quiet residential area in the 10th district. Numerous shops, schools, doctors, as well as restaurants and cafés are in the immediate vicinity and within walking distance. Proximity to several bus and tram lines as well as to the subway provides a quick connection to the city center and to important transport hubs. Green and recreational areas in the neighborhood provide additional leisure value and make this location particularly attractive for urban living with high comfort.

Public transport connections

• 180 m to tram line 6,11 - Gellertplatz
• 350 m to bus line 68A, 68B - Waldgasse
• 500 m to bus line 14A - Reumannplatz
• 550 m to U1 station - Reumannplatz
• 600 m to bus line 65A - Reumannplatz

Mr. Michael Hellebrand is available for further questions or flexible viewing appointments at 0664 75346995.

www.4immobilien.at

We expressly note our economic close relationship with the seller and our brokerage activities as a dual agent.

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We note that between the broker and the third party to be represented there exists a familial or economic close relationship.

The broker acts as a dual agent.