Investment Property Währing with Attic Potential

Short-term sale opportunity at a special price of € 998.000,-

In a sought-after location in Vienna's 18th district, this attractive tenement property with an already prepared attic conversion concept is available for sale for a short time at a special price of € 998.000,-.

The combination of immediately usable existing stock, ongoing rental income and attractive development potential makes this property particularly interesting for investors, developers and project developers.

Highlights

• Special price promotion: € 998.000,- for a quick decision to purchase
• Project property with prepared attic conversion
• Attractive location in Währing with excellent infrastructure
• Two leased commercial premises on the ground floor
• Stock consisting of residential and commercial units with development potential
• Unbuilt attic with approximately 87,8 m² additional living space
• Building class W II, enclosed construction, maximum building height 10,5 m
• Already statically prepared measures in the basement
• Ideal for investors, developers or long-term asset holders

The property

The building, originally erected around 1900, offers an attractive development scenario in its stock.

Currently the property comprises:

• Basement with already carried out static reinforcements
• Ground floor with two leased commercial premises
• Upper floor with two residential units
• Unbuilt attic with an existing development concept

The street-facing facade presents itself well maintained and classically structured. The quiet courtyard with a small garden house provides additional value for future residential concepts.

Stock & Use

Current stock usable area: ca. 186 m²

Of which:

Ground floor

• Two leased commercial premises with a total of ca. 81,3 m²
• Good visibility and high-traffic location

Upper floor

• Two residential units with ca. 31,89 m² and ca. 73,11 m²
• Renovation or modernization needed
• Gas-fired central heating, parquet and natural stone floors

Development potential

For the property there is already a project concept for an attic conversion. The attic offers additional development potential of around 87,8 m² living space.

Through the designation and development regulations, attractive opportunities for sustainable appreciation of the property arise.

Designation & Building

• Designation: Bauland Wohngebiet (W)
• Building class II
• Closed construction (g)
• Maximum building height: 10,5 m
• Trakttiefe: 12 m

The designation enables an attractive further development of the stock as well as modern living concepts in the attic.

Investment conclusion

A rare opportunity to acquire a classic Vienna tenement property with development potential in a sought-after Währing location.

The temporarily reduced special price of € 998.000,- offers an interesting entry opportunity especially for project developers and investors, with additional value creation potential through the planned attic conversion.

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Infrastructure / Distances

Health

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

Children & Schools

• School <500m
• Kindergarten <500m
• University <1.000m
• Higher School <500m

Groceries

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

Other

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

Traffic

• Bus <500m
• Subway <1.500m
• Tram <500m
• Train station <500m
• Motorway access <3.000m

Distances are as the crow flies / Source: OpenStreetMap