65% vacancy - € 1,411/m² - classic rental building with unobstructed water view - Exclusive from private owner!

Key facts about the property

• Plot area: approx. 514 m²
• Existing usable area: approx. 673 m² (+ approx. 35m² vacant building superintendent’s apartment)
• New usable area in the roof: approx. 300 m² of additional living space
• Year built: approx. 1909
• Units:13 apartments
• Rented:8 units
  Fixed-term: approx. 220m² usable floor area
  Indefinite-term: approx. 248m² usable floor area
• Vacancy:5 units - approx. 205m² usable floor area (by the end of November, an additional unit of 60m² will be vacant.)
• Current rental income: approx. € 30.668,- p.a
• Purchase price:€ 950.000,-
• Purchase price/m²: approx. € 1.411,-/m²
• Sale: from private ownership

Income situation

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

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

Property description

A multi-family house with significant development potential in Vienna’s 19th district is offered for sale. 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 potential for roof conversion, amounting to around 300 m² of additional living space. This potential represents a significant value driver, particularly as high-quality penthouse apartments in the surrounding area can achieve attractive resale prices depending on their location, view and fittings.

Based on experience, penthouse resale prices in the surrounding area range from approx. € 8.000,- to € 10.000,- per m².

The current purchase price is € 950.000,-, corresponding to a purchase price of around € 1.411,-/m² based on the existing usable 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 rentals, renovation, short-term rentals, workers’ accommodation or a long-term investment strategy.

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

Viewings & contact

The property is available by arrangement.

We will be happy to provide further information and floor plans, or to 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: The owner or seller has not yet provided an energy performance certificate, despite our explanation of the generally applicable obligation to provide one and our request that one be prepared. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed agreed. We accept no guarantee or liability for the actual energy efficiency of the property offered.

Please note that a family or economic relationship exists between the agent and the third party being represented.

The agent is acting as a dual agent.