Attractive Rental Building in Favoriten with Attic Development Potential

Wonderful tenement house with attic potential - 13 residential units - 12 vacant - near Matzleinsdorfer Platz!

For sale is an extremely attractive tenement house in a sought-after location near Matzleinsdorfer Platz. A perfect public transport connection is thus provided.

The property comprises a total of 13 residential units, of which 12 apartments are vacant. Furthermore, the property has 2 commercial premises and smaller storage units.

This provides investors and developers with a rare opportunity for immediate repositioning, renovation, or high-quality re-letting.

Notably, the substantial development potential in the attic. An attic expansion offers the possibility to create additional living space and thus to a sustainable increase in the property's value.

The property is ideally suited for:

• Portfolio developers
• Tenement investors
• Project developers
• Family offices
• Private investors with a focus on Vienna

The combination of high tenancy freedom, expansion potential and urban location makes this property a rare investment opportunity in the Vienna tenement market.

Highlights at a glance

• 13 residential units
• 12 apartments vacant
• 2 commercial premises
• smaller storage units
• nearly immediately usable
• attic expansion possible
• high potential for value appreciation
• 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.

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:

• Local providers
• Supermarkets
• Gastronomy
• Schools and kindergartens
• Doctors and pharmacies
• Shopping opportunities
• Leisure and green spaces

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

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

Public transport connections:

The public connections are described as excellent.

In the immediate vicinity there are several tram, bus and rail connections that provide quick access to the city centre as well as to important transport hubs.

In a short distance, among others, are reachable:

• Tram line 1
• Bus lines 14A, 59A, 63A, 65A
• S-Bahn Matzleinsdorfer Platz
• Vienna Central Station
• U-Bahn connections U1 / U6 in a short travel time

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

Also the individual transport connection is excellent due to the direct location on Triester Straße and the quick reach of the A2 Süd Autobahn.

For questions or viewings, Mr. Kevin Matyas is happy to be available at 0664 18 14 655 or [email protected].

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

The broker acts as a dual agent.

Infrastructure / Distances

Health

• Doctor <500m
• Pharmacy <500m
• Clinic <1.000m
• Hospital <500m

Children & Schools

• School <500m
• Kindergarten <500m
• University <1.500m
• Higher School <1.500m

Local supply

• Supermarket <500m
• Bakery <500m
• Shopping center <2.000m

Other

• Cash machine <1.000m
• Bank <1.000m
• Post <1.000m
• Police <1.000m

Transportation

• Bus <500m
• U-Bahn <1.000m
• Tram <500m
• Train station <500m
• Highway access <3.000m

Straight-line distance information / Source: OpenStreetMap