Rental House Favoriten, 767m²

Wonderful apartment building with attic potential - 13 units - 12 vacant - near Matzleinsdorfer Platz! An extremely attractive investment property in a sought-after location near Matzleinsdorfer Platz is for sale. A perfect public transport connection is thus provided. The property comprises a total of 13 residential units, with 12 apartments vacant. Additionally, the property includes 2 commercial premises and smaller storage units. This provides investors and project developers with a rare opportunity for immediate repositioning, renovation, or high-quality new leasing. Notably, there is significant development potential in the attic. An expansion of the attic offers the possibility to create additional living space and thus a sustainable increase in the property's value. The property is ideally suited for:

• Existing property developers

• Apartment-building investors

• Project developers

• Family Offices

• Private investors with a focus on Vienna

The combination of high vacancy, redevelopment potential, and urban location makes this property a rare investment opportunity in the Vienna apartment-building market.

Highlights at a glance

• 13 residential units

• 12 apartments vacant

• 2 commercial premises

• smaller storage units

• nearly immediately usable

• attic expansion possible

• high appreciation potential

• very good public transport connections

• attractive residential location in Favoriten

• ideal investment property

Location description:

The property is located in an excellent area in Vienna's 10th district, Favoriten, one of the most dynamic development areas in Vienna.

The Triester Straße is one of the most important traffic arteries in southern Vienna and connects the inner-city area directly with the southern districts as well as the surrounding area.

The surroundings are characterized by an excellent infrastructure:

• Grocery stores

• Supermarkets

• Restaurants

• Schools and kindergartens

• Doctors and pharmacies

• Shopping opportunities

• Leisure and green spaces

Through the proximity to Matzleinsdorfer Platz, Vienna Central Station, and Wienerberg, the location counts among the particularly well-connected residential areas in southern Vienna.

The ongoing infrastructural development of the district also provides further potential for value appreciation.

Public transport connections:

The public transport connections are excellent.

In the immediate vicinity there are several tram, bus, and rail connections that ensure quick connections to the city center and to important transport hubs.

Within a short distance are, among others:

• Tram line 1

• Bus lines 14A, 59A, 63A, 65A

• S-Bahn Matzleinsdorfer Platz

• Vienna Central Station

• U-Bahn connections U1 / U6 within a short travel time

The Wiener Linien provide excellent connections to the entire city area.

Also the private vehicle access is excellent due to the direct location on Triester Straße and the quick reach to the A2 Südautobahn.

We note that between the broker and the third party to be mediated there is a familial or economic close relationship.

The broker acts as a dual agent.