INVESTMENT BUILDING WITH BONUS: Three apartments plus bungalow on one plot

Investment property with prospects

Four residential units | TOP 2 & TOP 3 vacant | Condominium ownership establishment in preparation | Wiener Neustadt

Invest, re-let, use yourself or develop – you decide

This well-maintained investment property in a good location in Wiener Neustadt offers an interesting combination of existing rental income, vacant apartments and additional development potential.

The building, approved for use in 1957, comprises a total of four independent residential units as well as a spacious basement and garage area.

Particularly interesting for investors: TOP 2 and TOP 3 are currently vacant and can be re-let according to your own ideas or used for personal needs.

In addition, the establishment of condominium ownership is currently in preparation. This opens up an additional perspective for the future owner with regard to the individual use and future design of the property.

Important investments already made

Investments have also been made in the building structure in recent years:

• Roof completely renewed in 2023
• Facade repainted in 2023
• Front fence renewed in 2023
• Ongoing maintenance work carried out
• Building with a full basement

A significant part of the preservation of value has therefore already been carried out, creating a good basis for further use.

Four residential units – many possibilities

TOP 1 | Ground floor | approx. 95,20 m²

The spacious ground-floor apartment comprises:

• 3 rooms
• Kitchen
• Bathroom
• WC
• Storage room
• Entrance hall

Currently rented and therefore already generating ongoing rental income.

TOP 2 | 1st floor | approx. 95,90 m²

• 3 rooms
• Kitchen
• Bathroom
• WC
• Storage room
• Entrance hall

Vacant

Here you can decide for yourself how you would like to use the apartment in the future.

Whether new letting, personal use or individual design – the apartment is available to the new owner without an existing tenancy.

TOP 3 | Attic | approx. 83,02 m²

• 3 rooms
• Kitchen
• Bathroom
• WC
• Storage room
• Entrance hall

Also vacant

Here too, you have a free hand regarding future use.

The apartment can be re-let according to your ideas or used yourself.

Especially in combination with TOP 2, this creates interesting opportunities to redesign the property's letting strategy.

Bungalow in the rear wing | approx. 63,88 m²

• 3 rooms
• Kitchen
• Bathroom
• Entrance hall

The bungalow is currently rented and adds another independent residential unit to the property.

Basement & garage – approx. 95,03 m²

The property also has a spacious basement and garage area of around 95 m²:

• Several basement compartments
• Entrance hall
• Garage
• Additional storage options

This also provides sufficient storage space for the residents.

Your advantages at a glance

• 4 independent residential units
• TOP 1 rented
• Bungalow rented
• TOP 2 vacant
• TOP 3 vacant
• Flexible design of the new letting for TOP 2 & TOP 3
• Condominium ownership establishment currently in preparation
• Roof renewed in 2023
• Facade repainted in 2023
• Front fence renewed in 2023
• Approx. 95 m² basement and garage area
• Attractive apartment sizes
• Good lettability

The combination of existing tenancies and two immediately available apartments gives you the opportunity to adapt the property to your ideas step by step.

Living with good infrastructure

The property is located in a good area of Wiener Neustadt, close to the centre and Akademiepark – one of the city's most important local recreational areas, covering around 180 hectares.

Residents also benefit from short distances in everyday life:

• City bus stop almost in front of the house
• City centre easily accessible on foot
• Shopping facilities in the immediate vicinity
• Doctors, banks and public authorities easily accessible
• Schools of all levels in the surrounding area
• Restaurants and leisure activities nearby

Commuters also benefit from the good transport connections.

The A2 towards Vienna and Graz can be reached quickly, and there are also good public transport connections towards Vienna and the surrounding regions.

A property that leaves you room to manoeuvre

This investment property offers not only existing substance, but also scope for design.

Two apartments can already be re-let according to your own ideas or used yourself. At the same time, existing tenancies provide ongoing income.

The condominium ownership establishment currently in preparation also opens up another interesting perspective for the future use of the house.

A property for investors who do not only want to invest today, but also want to have opportunities tomorrow.

Take the opportunity to see for yourself the possibilities offered by this investment property. Further information on the return, photos and additional details are available upon request.

I look forward to hearing from you and would be happy to arrange a personal viewing appointment.

We would like to point out that there is a family or economic relationship between the agent and the third party to be brokered.

The agent acts as a dual agent.

Take this unique opportunity to view this property – seeing and experiencing it is much more impressive! A viewing is free of charge and non-binding, and gives you an unfiltered impression of the property. I would also be happy to assist you with financing as well as the sale/rental of your property.