Rare Opportunity in 1210 Vienna 100 percent vacancy-free tenement house with development potential, idyllic garden and attic conversion

A tenement house that creates opportunities

In an excellent location at Prager Straße 50 in the 21st district of Vienna, an exceptional tenement house is for sale. The property convinces with an extremely rare advantage that is hardly found on the Vienna tenement house market: It will be handed over 100 percent vacant.

This gives the new owner maximum flexibility for immediate renovation, revitalization or repositioning of the entire property.

In addition to the street-facing main building, the property has a courtyard building as well as a spacious and quiet private garden, which offers the future apartments an exceptional quality of living.

In addition, a study for a roof extension with around 400 m² of additional living space already exists and offers attractive development potential.

Highlights

• • 100 percent vacant tenement house
• • Immediate project development without existing tenancy agreements
• • Main building with residential use
• • Commercial premises on the ground floor
• • Courtyard building with additional development potential
• • Spacious private garden
• • Study for roof extension with around 400 m² of additional living space available
• • Ideal basis for renovation, establishment of condominium ownership and individual sale
• • Attractive location in the 21st district of Vienna
• • Sale at a fixed price

The development potential

The complete vacancy enables the immediate implementation of all development measures.

Whether high-quality renovation, creation of condominium ownership, roof extension or subsequent individual sale – this property offers investors and project developers a rare combination of planning security and value enhancement potential.

The existing study for the roof extension additionally provides the basis for the realization of further high-quality residential units and a sustainable optimization of the project's profitability.

Location

Prager Straße is one of the established residential and commercial axes of the 21st district of Vienna. Numerous shopping opportunities, restaurants, schools, doctors and public transport are in the immediate vicinity. The excellent infrastructure and the good accessibility of the center of Vienna make this location particularly attractive for both owner-occupiers and tenants.

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 at your disposal at any time!

Best regards,

Philipp Grabner

+43 664 11 32 004

Note pursuant to the Energy Performance Certificate Presentation Act: An energy performance certificate has not yet been submitted by the owner or seller, after our information about the generally applicable obligation to present it and request for its preparation. Therefore, at least an overall energy efficiency appropriate to the age and type of the building is considered agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.