Development property in 1100 Vienna with potential

This apartment building in 1100 Vienna offers an attractive opportunity for investors seeking a versatile property with development potential. With an area of around 1,097.99 m², the property offers numerous possibilities for implementing an individual use concept and gradually making the most of its existing potential.

The building requires renovation and is therefore particularly suitable for buyers who wish to sustainably increase the value of a property through targeted modernization and renovation measures. Whether a comprehensive refurbishment, contemporary design or strategic development of the existing building—here you can put your ideas into practice and create a solid foundation for a future-oriented investment. The specific implementation is, of course, subject to the structural, legal and regulatory framework. We have an approved building-permit submission plan for an extensive attic conversion, which can be handed over.

The location also stands out for its good infrastructure and diverse transport connections. Bus, subway and tram provide convenient mobility within Vienna. A railway station and a motorway access point extend accessibility beyond the city. This makes the property attractive both to residents and for a range of different uses.

Numerous everyday amenities are nearby: doctors, pharmacies and a clinic provide good medical care. Schools, kindergartens and a university make the area attractive to families, students and employees as well. Supermarkets and bakeries complement the range of amenities and mean shorter trips for everyday needs.

The purchase price is €2,500,000.00. Combined with its generous area, urban location and development potential, this apartment building represents an exciting opportunity for far-sighted investors. Take the opportunity to develop and enhance a property in need of renovation in Vienna according to your ideas, and increase its value over the long term.

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 having informed them of the generally applicable submission requirement and having requested that one be prepared. Therefore, at least an overall energy efficiency corresponding to the age and type of the building is deemed to have been agreed. We accept no warranty or liability whatsoever for the actual energy efficiency of the property offered.

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

The agent is acting as a dual agent.

Take this unique opportunity to view the property—seeing and experiencing it is much more impressive!
A viewing is free of charge and non-binding, and gives you an unfiltered impression of the property.
I would also be happy to assist you with financing and with the sale/rental of your property.

Infrastructure / Distances

Health
Doctor <1,000m
Pharmacy <500m
Clinic <1,000m
Hospital <3,000m

Children & Schools
School <500m
Kindergarten <500m
University <500m
Secondary school <2,500m

Local amenities
Supermarket <500m
Bakery <500m
Shopping center <1,500m

Other
ATM <500m
Bank <500m
Post office <500m
Police station <1,500m

Transport
Bus <500m
Subway <1,000m
Tram <500m
Railway station <1,000m
Motorway access <500m

Distances are straight-line distances / Source: OpenStreetMap

It is possible to expand the existing building to more than 1600 m² of usable floor area.

The existing building comprises 25 apartments, 1 commercial unit, a large cellar with 2 workshops and an unfinished attic with an approved conversion. 2 floors can be added.

The house is must be completely renovated. "Pipes, electrical system, stairwell, cellar, facade "courtyard side", windows, doors, apartments"

If you are willing to invest the necessary money, this house can be turned into a real showpiece.

The old plan is from 1952; this is currently the presumed year of construction, but this is still being checked and will be updated shortly.

The submission plan for the attic conversion is an example, but the existing-building plan is correct and easier to read than the old plan.

The approved submission plan for the attic conversion will be provided upon request.

4 apartments are rented on unlimited leases—the remainder can be handed over vacant, so there is nothing to stand in the way of the renovation.

It is possible to terminate the tenancies of the 4 tenants with unlimited leases. Either relocate them or buy them out.