PRICE REDUCTION Apartment building on the Danube Exclusive private sale

Key property details

• Plot area: approx. 514 m²
• Existing usable floor area: approx. 673 m²
• New-build usable floor area in the attic: approx. 300 m² of additional living space
• Year of construction: approx. 1909
• Units: 13 apartments
• Rented: 8 units
  Fixed-term: approx. 220m² NFL
  open-ended: approx. 248m² NFL
• Vacancy: 5 units - approx. 205m² NFL (at the end of November, an additional unit with 60m² will be vacant.)
• Current rental income: approx. € 30.668,- p.a
• Purchase price: € 1.100.000,-
• Purchase price/m²: approx. € 2.080,-/m²
• Purchase price: negotiable
• Sale: from private ownership

Income situation

• Actual income: approx. € 30.668,- per year
• At full occupancy: approx. € 45.000,- per year
• With maximum rent revision: approx. € 57.000,- per year

The current income situation already provides an ongoing basis, while significant optimization opportunities exist through vacancies, fixed-term leases and potential rent adjustments.

Property description

A multi-family house with significant development potential in Vienna’s 19th municipal district is offered for sale. The property offers an appealing combination of ongoing income, vacancies and future optimization potential.

The property has a plot area of approx. 514 m² and an existing usable floor area of approx. 673 m². In addition, there is considerable attic conversion potential of around 300 m² of additional living space. This potential represents a significant value driver, particularly because high-quality attic apartments in the surrounding area can achieve attractive selling prices depending on location, views and furnishings.

Based on experience, attic apartment selling prices in the surrounding area range from approx. € 8.000,- to € 12.000,- per m².

The current purchase price is € 1.100.000,-, corresponding to a purchase price of around € 2.080,-/m² based on the existing usable floor area.

The property comprises a total of 13 apartments, of which 8 units are currently rented and 5 units are vacant. This creates attractive opportunities for new lettings, renovation, short-term letting, workers’ accommodation or a long-term investment strategy.

Of particular note is the terrace with views over the Danube, which gives the property additional charm and marketing potential.

Viewings & contact

The property is available by arrangement.

We are happy to provide further information and planning documents or arrange a viewing appointment.

Contact us today to receive further information and arrange a viewing appointment.

Notice pursuant to the Energy Performance Certificate Submission Act: An energy performance certificate has not yet been submitted by the owner or seller, despite our explanation of the generally applicable obligation to submit one and our request for its preparation. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed agreed. We assume no warranty or liability whatsoever for the actual energy efficiency of the property offered.

We wish to point out that a family or economic relationship exists between the agent and the third party to be brokered.

The agent is acting as a dual agent.