SQ Tenement House with High Vacancy Rate Near U4 Subway Station

For sale is an investment property with a high vacancy rate and an already expanded attic in a very central and quiet location in the 20th Viennese municipal district. This investment property comprises a total of 17 units (15 Altbau apartments and 2 DG apartments) with a usable floor area per the rent schedule of approximately 809 m². Currently there are 5 units with a WNFL of ca. 238,31 m² (29%) and an average net rent per square meter of € 6 in an unlimited tenancy. All other apartments are vacant and are in a good (rentable) to renovation-needed condition.

Key data at a glance:

• Investment property with high vacancy in absolute quiet location in 1200 Wien
• 17 residential units with an expanded attic + storage in the basement
• Apartment sizes from about 35 m² to about 70 m² (2-3 room apartments)
• Beautifully structured facade
• Usable floor area per the rent schedule: ca. 809,33 m²
• Total usable floor space per the rent schedule: ca. 893,33 m²
• Vacancy ca. 571,02 m² (70,6 %) + ca. 84 m² storage in the basement
• Unbefristet: ca. 238,31 m² (29,4 %)
• Very good public transport connections
• HMZ per year: currently ca. € 17.186,--

Costs:

• Purchase price: 2.190.000,--
• Commission: 3% of the purchase price plus 20% VAT

Have we sparked your interest?

Then simply contact us via [email protected] or at the telephone number: +43 1 796 15 58.

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

The broker acts as a dual agent.