Development Opportunity Cottageviertel Vienna

The property is located in one of the most desirable residential areas of Vienna—in the green and quiet district of Währing. The existing building is a classic Gründerzeithaus with high architectural charm and represents the ideal basis for a high-quality revitalization.

The project combines historic ambience with modern architecture through a planned comprehensive renovation as well as an extension including a roof extension.

Key Facts

• Lot size: approx. 514 m²
• Existing floor area: approx. 435–442 m² usable area
• Planned total usable floor area: approx. 961 m²
• Weighted sale area: approx. 1.120 m²
• Total area including extension: approx. 1.398 m²
• Units: 9 apartments (approx. 86 m² – 230 m²)
• Number of rooms: 2–4 rooms per unit
• Parking spaces: 4
• Existing: currently vacant (100 %)

Location & Infrastructure

The property is located on a quiet street characterized by villas and stylish historic buildings in the sought-after Cottageviertel.

Highlights of the location:

• Very high quality of living (green, quiet, representative)
• Proximity to parks (e.g., Türkenschanzpark)
• Very good public transport connections:
• Tram lines 40, 41, 9
• S-Bahn S45 (Gersthof)
• Bus lines 10A, 40A, 42A
• Fast access to the city center

The combination of calm and urban proximity makes the location particularly attractive for owner-occupiers and premium Vorsorgewohnungen.

Project & Development Potential

For the property there is an architectural study for conversion and extension.

Project idea

• General renovation of the existing building
• Extension through new-build components
• Expansion of the roof spaces (including penthouse)
• Creation of high-quality apartments with outdoor spaces

Architectural concept

The plan envisages a combination of:

• historic substance (Gründerzeit)
• modern supplementary architecture

Notably include:

• an exclusive maisonette penthouse with a roof terrace
• spacious outdoor spaces (terraces, balconies, garden areas)
• flexible floor plan design (see plan studies)

Area structure (study)

• 9 residential units
• Sizes from approx. 86 m² to 230 m²
• Total assessed area: approx. 1.120 m²

Architecture & Existing Building

The existing building is a typical Gründerzeithaus with:

• massive construction
• structured façade delineation
• generous ceiling heights
• well-utilizable basic structure

The study shows detailed floor plans for all floors (basement to attic), including demolition and expansion variants.

Investment Highlights

• Top location in the Cottageviertel (1180 Wien)
• Vacancy – immediately developable
• Permitting-ready study available
• Attractive upside through extension & roof extension
• Optimal unit mix for owner-occupiers & investors
• Rare combination of old-building charm & new-build quality
• High demand for premium apartments in this location

Exit Strategy

• Individual sale of the residential units
• Focus on high-quality owner-occupied condominiums
• Target group: owner-occupiers and investment buyers

Summary

The property offers a rare opportunity to acquire a classic Wiener Gründerzeithaus in a top location and to realize a high-quality residential project through targeted development.

The existing study provides a clear basis for project development and enables rapid implementation with attractive value appreciation potential.

Note pursuant to the Energieausweisvorlagegesetz: An energy certificate has not yet been presented by the owner or seller, after our clarification about the generally applicable submission obligation, as well as the request for its preparation. Therefore, at least a total energy efficiency corresponding to the age and the type of the building is considered agreed. We make no warranty or liability for the actual energy efficiency of the offered property.

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual agent.

Infrastructure / Distances

Health

• Doctor <500m
• Pharmacy <500m
• Clinic <1.000m
• Hospital <2.000m

Children & Schools

• School <500m
• Kindergarten <500m
• University <1.500m
• Higher school <500m

Nahversorgung

• Supermarket <500m
• Bakery <500m
• Shopping center <1.500m

Other

• ATM <500m
• Bank <500m
• Post <1.000m
• Police <1.000m

Traffic

• Bus <500m
• Underground <1.000m
• Tram <500m
• Train station <500m
• Highway access <3.000m

Distances given as the crow flies / Source: OpenStreetMap

The highlight is a two-story penthouse, uniting both styles: historic bedrooms in the lower area and a modern living area upstairs, crowned by a panoramic tower room.