Investment Property 10th District - 28 Units

Gable house in classical Gründerzeit style - in need of renovation - offers a rare opportunity for developers and investors in the up-and-coming 10th district of Vienna. The attic is already developed (current usable value report). The high vacancy - 21 of 28 units are free offers great possibilities, allowing immediate renovation, re-rental or an outlet sale. Additionally, the location outside the residential zone opens interesting perspectives for a possible Short-Stay or boarding concept after corresponding authorization.

At a glance

• 28 units: 27 apartments + 1 commercial space
• Total usable area: ca. 1.188 m²
• Condition: in need of renovation
• Attic already developed (4 apartments, ~223 m², two with terrace)
• Short-term rental permitted (exception permit according to § 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 shopping facilities, schools, doctors as well as restaurants and cafés are in the immediate vicinity and are easily reachable on foot. Proximity to several bus and tram lines as well as to the subway enables a quick connection to the city center and to important transport hubs. Green and recreational areas in the neighborhood add recreational 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 lines 68A, 68B - “Waldgasse”
• 500 m to bus line 14A - “Reumannplatz”
• 550 m to the U1 station - “Reumannplatz”
• 600 m to bus line 65A - “Reumannplatz”

Ms. Marion Duregger is happy to assist with any questions or flexible viewing appointments at 0699/19248160.

www.4immobilien.at

We explicitly point out our economic close relationship with the seller and our brokerage activity as a dual agent.

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

The broker acts as a dual agent.