Tenement house with approved attic expansion and attractive existing return over 5% p.a

For sale is a fully let apartment building in the 12th district of Vienna with 13 existing residential units and a total usable area of around 777 m². The property has an approved attic expansion for three additional units with approximately 213 m² of additional usable area. This offers significant value-add potential for investors and developers.

The current annual net rent amounts to around EUR 117.600, which corresponds to a return of about 5,6 % on the purchase price.

The facts at a glance:

• Fully let apartment building with 13 residential units and ongoing rental income.
• Approved attic expansion for 3 additional units (approx. 213 m² NF).
• Elevator installation planned as part of the attic expansion.
• Attractive return of about 5,6 % on the purchase price.
• Solid investment location in the 12th district with good infrastructure.
• Existing building with ground floor, 3 upper floors and attic.

Details:

The apartment building comprises a ground floor, three upper floors and an attic. The 13 existing residential units range in size from approximately 37 m² to approximately 82 m². Four of the apartments are still rented to long-term tenants. Thus there is still long-term potential to increase yields.

The approved attic expansion provides for the creation of three additional residential units with a total of approximately 213 m² of usable space. As part of the expansion, the installation of a passenger elevator across all floors is also planned.

Complete documents will be provided after expression of interest.

For answering further questions as well as for viewing appointments, I am available daily - including weekends - from 08:00 to 22:00.

I look forward to your contact,
Christoph Bäckenberger
+43 664 85 191 25
[email protected]

Note pursuant to the Energy Certificate Submission Law: An energy certificate has not yet been submitted by the owner or seller, after our clarification about the generally applicable submission requirement, as well as a request for its preparation. Therefore, at least a total 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 offerd property.

The broker is acting as a dual agent.

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