Project development with rarity value + Well-maintained tenement building in 1100 Vienna with around 90 percent vacancy and building-permitted attic conversion as well as extension +

Nearly vacant rental building with immediate development potential

In a sought-after location of the 10. Vienna municipal district, the property Leibnizgasse 58, an extraordinary rental building with development potential that can be realized almost immediately, is offered for sale.

The property has an existing usable area of around 556 m² and already has a vacancy rate of around 90 percent. This means renovation and development measures can be implemented at short notice without having to take long-term tenancy situations into account.

A particular highlight is the construction measure that has already been granted legal approval for an attic conversion and an extension with an additional usable area of around 353 m². This gives the property excellent conditions for sustainable value appreciation and an economically attractive project development.

Highlights

• Around 90 percent vacancy
• Existing usable area of approx. 556 m²
• Attic conversion already approved
• Extension already approved
• Additional approved usable area of around 353 m²
• Immediately implementable development project
• Excellent conditions for a comprehensive revitalization
• Ideal basis for the establishment of condominium ownership and individual sale
• Attractive location in the 10. Vienna municipal district
• Sale at a fixed price

Development potential

The combination of a very high vacancy rate and an already available building permit makes this property a rare opportunity on the Vienna rental building market.

The existing building fabric can be revitalized to a high standard, while the approved attic conversion and the extension will create additional residential space. This allows the development potential of the property to be utilized optimally.

Whether as a long-term portfolio investment after renovation or as a classic development project with the establishment of condominium ownership and subsequent individual sale – the property offers a variety of possibilities for investors and project developers.

Location

Leibnizgasse is one of the established residential locations in the 10. Vienna municipal district and benefits from excellent infrastructure. Shopping facilities, schools, kindergartens, medical care and numerous public transport options are located in the immediate vicinity. The good connection to Vienna city center and the continuously increasing demand for modern living space make this location particularly attractive.

Area overview

• Existing area: approx. 556 m²
• Approved attic conversion and extension: approx. 353 m²
• Total future usable area: approx. 909 m²

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 at your disposal at any time!

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, following our clarification about the generally applicable presentation obligation and the request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed agreed. We assume no warranty or liability for the actual energy efficiency of the property offered.