Anlagechance in Wiener Neustadt - Historisches Eckzinshaus mit Entwicklungspotential

An interesting corner townhouse in a central location in Wiener Neustadt is being offered for sale. The existing building, erected in 1903, has a total usable floor area of approximately 436,96 m² and comprises a total of six residential units as well as a street-facing display window on the street side.

The property extends over a ground floor, a first floor and a partially converted attic, and is complemented by an outbuilding. The building is fully basemented and has a spacious courtyard that offers additional potential for future use. An elevator is not available.

The apartment sizes are as follows:

• Top 1: ca. 70,61 m²
• Top 2: ca. 78,29 m²
• Top 3: ca. 69,95 m²
• Top 4: ca. 78,58 m²
• Top 5: ca. 96,06 m²
• Top 6: ca. 43,47 m² (in the outbuilding with its own access)

Two apartments are located on the ground floor, as well as on the first floor. Another unit is located in the attic. Top 6 is situated as an independent unit in the outbuilding and has a separate access.

The apartment Top 1 is currently rented on an unlimited basis. The current main rent amounts to € 8,16/m². With the exception of this unit, the tenement house will be handed over vacant, which provides the purchaser with comprehensive possibilities for renovation, rental or further development.

A storefront window is currently provided to the SPÖ free of charge.

According to the present appraisal, it is to be assumed that apartments of category A. The property is overall in a condition requiring renovation and thus offers attractive development potential for investors and holders of the assets. In particular, the partially converted attic opens up additional perspectives for a future extension or optimization of usable space, subject to the required government approvals.

Notably, the attractive purchase price, which corresponds to a factor of only around € 686,- per m² of usable space. Thus the property offers an interesting entry base for investors with a view to sustainable appreciation.

According to the present appraisal, at full occupancy of the five rentable units (excluding Top 5) an annual net income of approximately € 22.045,59 is assumed. Top 5 was not considered in this calculation, because due to the renovation-needing roof truss a demolition or a fundamental renovation of this unit is currently expected. On the basis of the purchase price, this yields a possible gross starting yield of around 7.3% p.a.

This tenement building represents a rare opportunity to acquire a classic old stock with development potential, a generous inner courtyard, largely vacancy-free handover and attractive yield indicators in a central location of Wiener Neustadt.

I am happy to provide you, on request, the current interest list, a study on the potential further attic expansion, as well as additional property documents. Of course I am also available to arrange a personal viewing appointment.