INVESTMENT PACKAGE | 14 CONDOMINIUMS | APPROX. 751 m² + ATTIC DEVELOPMENT POTENTIAL | SHARE DEAL possible

An attractive package of apartments is for sale, consisting of 14 condominiums with a total usable area of approx. 751 m² in a classic Viennese period building in the 10th district.

The apartments are spread over the 1st to 3rd floors and have living areas ranging from approx. 26 m² to 74 m².

The units are predominantly in need of renovation. Most are currently still occupied, although the owner has already taken steps to secure their vacancy.

Key facts

• 14 condominiums
• Total usable area: approx. 751 m²
• Apartment sizes: approx. 26–74 m²
• Condition: Predominantly in need of renovation
• Occupancy situation: Predominantly occupied, preparation for vacancy underway
• Sale: Only as a complete package

Attic conversion & development potential

A building permit dated 17.06.2022 has been granted for the property for a two-storey attic conversion with five additional residential units and terrace areas.

Acquiring the associated conversion and development rights would also create additional development potential. The current validity of the building permit still needs to be confirmed.

Majority ownership & a strong position in the building

The offered units are registered in the land register as owned by companies. By acquiring the residential units—either as an Asset Deal or by taking over the owner company (Share Deal)—you secure the majority of the shares in the entire property.

Special note for investors & developers: The apartment shares are owned by legally independent real estate companies. At the buyer’s request, the sale can be completed by way of a Share Deal (purchase of the company shares, including the apartment portfolio) or as a conventional Asset Deal. A Share Deal offers professional buyers a structured transaction and flexible structuring options. We will be happy to provide detailed documents to qualified interested parties.

The purchase price is 1.700.000€.

Mr Alexandru Filimon will be happy to answer any further questions and arrange flexible viewing appointments. He can be reached at 0660 285 0330.

www.ringsmuth-immobilien.at

We expressly draw your attention to our economic relationship with the seller and to our activity as a dual agent.

For reasons of discretion, exact address details, submitted plans and official decisions are provided exclusively after personal contact.

Errors and changes excepted!

Due to a statutory exemption, there is no obligation to present an energy performance certificate.

We note that there is a family or economic relationship between the agent and the third party to be introduced.

The agent acts as a dual agent.

Infrastructure / Distances

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

Children & Schools
School <500m
Kindergarten <500m
University <1.500m
Secondary school <2.000m

Local amenities
Supermarket <500m
Bakery <500m
Shopping center <1.500m

Other
ATM <500m
Bank <500m
Post office <500m
Police <1.000m

Transport
Bus <500m
Underground <500m
Tram <500m
Train station <500m
Motorway access <2.500m

Distances given as the crow flies / Source: OpenStreetMap