Income building on the Danube Exclusive from private hands

Key facts of the property

• Plot area: approx. 514 m²
• Existing usable area: approx. 673 m²
• New usable area in the roof: approx. 300 m² additional living space
• Year of construction: approx. 1909
• Units: 13 apartments
• Rented: 8 units
  Limited-term: approx. 220m² NFL
  Unlimited: approx. 248m² NFL
• Vacancy: 5 units - approx. 205m² NFL
• Current rental income: approx. € 30.668,- p.a
• Purchase price: € 1.400.000,-
• Purchase price/m²: approx. € 2.080,-/m²
• Purchase price: Negotiable
• Sale: from private owner

Income situation

• Current income: approx. € 30.668,- per year
• If fully rented: approx. € 45.000,- per year
• With maximum rent adjustment: approx. € 57.000,- per year

The current income situation already provides an ongoing base, while at the same time significant optimization opportunities exist due to vacancy, limited-term leases and rent adjustment potential.

Property description

For sale is a multi-family house with significant development potential in the 19th district of Vienna. The property offers an exciting combination of ongoing income, vacancy and future optimization potential.

The property has a plot area of approx. 514 m² and an existing usable area of approx. 673 m². In addition, there is considerable roof conversion potential of around 300 m² additional living space. This potential represents a significant value lever, especially since high-quality attic apartments in the area can achieve attractive resale prices depending on location, view and amenities.

The resale prices for attic apartments in the area are typically in a range of approx. € 8.000,- to € 12.000,- per m².

The current purchase price is € 1.400.000,-, which corresponds to a purchase price of around € 2.080,-/m² based on the existing usable area.

The property comprises a total of 13 apartments, of which currently 8 units are rented and 5 units are vacant. This creates attractive opportunities for re-letting, refurbishment, short-term rentals, worker accommodation or a long-term investor strategy.

Particularly noteworthy is the terrace with views over the Danube, which gives the property additional charm and marketing potential.

We point out that there is a familial or economic close relationship between the intermediary and the third party to be mediated.

The intermediary acts as a double broker.