Premium project development near Vienna Central Station rental building with around 90 percent vacancy, building-permitted attic conversion and extension and over 1,300 m² total potential at a top price

Exclusive project development in a top location near Vienna Central Station

In an excellent location in the 10th district of Vienna, just a few minutes' walk from Vienna Central Station, an extraordinary rental building with enormous development potential at Scheugasse 4 is being offered for sale.

The property has an existing residential usable area of approximately 680 m² and already has a vacancy rate of around 90 percent. This allows renovation and development measures to be implemented promptly and offers the future owner maximum flexibility.

The existing apartments are in good and well-maintained condition and can be rented immediately without extensive investments or sold individually in the course of establishing condominium ownership. This already results in attractive realization opportunities in the short term.

A particular highlight is the attic extension and an annex, both of which have already been granted final building permits, adding an additional usable area of approximately 644 m². This creates a future total usable area of approximately 1.324 m² and thus an extraordinary development potential in one of Vienna's most dynamic residential locations.

Highlights

• Approximately 90 percent vacancy
• Existing residential area of approx. 680 m²
• Apartments in good and well-maintained condition
• Immediately rentable or individually realizable
• Attic extension already granted building permission
• Annex already granted building permission
• Additional approved usable area of approx. 644 m²
• Future total usable area of approx. 1.324 m²
• Development project that can be implemented immediately
• Excellent conditions for a high-quality revitalization
• Ideal basis for condominium establishment and individual sale
• First-class location in the immediate vicinity of Vienna Central Station
• Sale at a fixed price

Development potential

The combination of an exceptionally high vacancy rate, an existing building permit and the excellent micro-location makes this property a rare investment opportunity.

The existing building fabric is in good condition and enables a flexible project strategy. The existing apartments can be rented immediately or sold individually, while the approved attic extension and annex can be implemented in parallel. This allows ongoing income to be optimally combined with sustainable value enhancement.

The project is suitable for both developers and investors who are looking for an approved development with immediate realization potential in a highly sought-after Vienna residential location.

Location

Scheugasse is located in one of Vienna's most sought-after development regions, just a few minutes from Vienna Central Station. The surroundings are characterized by an excellent infrastructure, excellent public transport connections and a high quality of living.

Numerous shopping facilities, restaurants, educational institutions, medical care and leisure facilities are in the immediate vicinity. The proximity to the central station and Favoritenstraße makes the location particularly attractive for owner-occupiers as well as tenants and ensures sustainably high demand.

Area overview

• Existing residential area: approx. 680 m²
• Approved attic extension and annex: approx. 644 m²
• Future total usable area: approx. 1.324 m²

Purchase price

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

For questions and to arrange a viewing appointment, we are always at your disposal!

Kind regards,

Philipp Grabner