Viennese Tenement Classic with Future Potential

In a sought-after location of the 20th district of Vienna, a classic Viennese old building tenement house from around 1900 is being discreetly offered off-market for sale.

The property comprises approximately 1.700 m² of existing area, distributed over three standard floors and an unfinished raw attic.

The current inventory includes:

• 37 residential units
• 1 commercial ground-floor unit (coffee house)

Particularly noteworthy is the exceptional tenancy structure: 35 of the 37 apartments are currently rented on fixed-term leases. The majority of the rental agreements already end in 2027, others expire until 2030. Two apartments are rented on unlimited leases.

This therefore opens up a rare degree of flexibility in the medium term for holders of the property, developers or strategic repositioning concepts. The commercially used ground-floor unit is rented on an unlimited lease and additionally provides stable ongoing income.

Another highlight is the existing raw attic. A previous notification for a possible attic conversion already existed and would need to be resubmitted.

Development perspective

The combination of:

• contiguous building structure,
• predominantly fixed-term tenancy agreements,
• units largely becoming vacant from 2027,
• raw attic
• and long-term strategic flexibility

opens up exceptional development opportunities in perspective.

Subject to official, technical and legal approvals, the property could in future also be interesting for alternative use concepts, among others in the areas of:

• Serviced Living
• temporary living
• Corporate Housing
• accommodation concepts
• or comprehensive repositioning strategies within the existing stock.

The existing property structure offers a rare starting point for this within a classic Viennese old building stock.

Highlights and features:

• Off-market tenement house in Vienna
• Approx. 1.700 m² existing area
• 35 fixed-term tenancy agreements
• Previous attic notification available
• Rare repositioning and development perspective
• Potential for alternative use concepts (subject to approvals)

Location:

• Traisengasse is located in the up-and-coming 20th district of Vienna, Brigittenau, and increasingly benefits from the infrastructural development of the entire vicinity. The proximity to the Traisengasse S-Bahn station, the excellent public transport connections, the quick accessibility of the city center and the development dynamics around Nordwestbahnhof make the location particularly attractive for both classic residential use and long-term development concepts.

Public transport connections:

• • S7
  • Bus 5A, 11A, 37A
  • Tram 2

Please note that due to our obligation to provide proof to the owner, we can only process inquiries with the full disclosure of name, address, telephone and e-mail.

Through our partnerships with a partner lawyer, notary and a bank, we provide you with the fastest possible processing and can therefore guarantee you an efficient handling. We offer you the BEST all-around support.

We are happy to send you further information by e-mail request. For further information, Mr Jasko Hodzic is available at any time by telephone at +436649740501 or by e-mail at [email protected].

The broker acts as a dual agent.