966 €/m² total achievable area | Tenement house 70% vacancy | Sole mandate

Property description

This distinctive corner apartment building in Vienna’s 21st municipal district impresses with its outstanding location, its impressive size and, above all, its exceptional development potential.

With a generous usable area of around 1,428 m² + 211 m² of storage space as well as additional garden areas of approx. 380 m², this represents a rare opportunity for investors and project developers.

The absolute highlight is the enormous expansion potential in the attic: According to an architect’s study, around 1,150 m² of residential usable area and an additional approx. 260 m² of outdoor areas can be realized – an ideal basis for creating high-quality living space with corresponding added value.

Summary

• Distinctive corner apartment building in Vienna’s 21st district
• Substantial development potential in the attic: approx. 1,150 m² WNF + approx. 260 m² FFL
• Existing usable area: approx. 1,428 m² + 211 m² of storage space
• Of this, around 1,153 m² vacant – exceptionally high development potential
• 6 legacy-rent units with approx. 451 m² of usable area
• Current annual net income: approx. € 25,985,-
• Target annual net income: approx. € 155,738,- = 9€/m² on average
• Excellent infrastructure: underground railway, suburban railway, bus, tram and motorway in the immediate vicinity
• Quiet residential location despite perfect connections

👉 A property with substance, size and exceptional development scope – ideal for investors with a clear vision.

Energy performance certificate

The seller has not yet provided an energy performance certificate, despite the existing obligation to present one since 01.01.2009. In the event that it is not presented, at least an overall energy performance corresponding to the age and type of the building shall be deemed agreed.

The broker acting as intermediary assumes no warranty or liability whatsoever for the building’s actual energy efficiency.

We point out that a family or economic relationship exists between the intermediary and the third party to be brokered.

The intermediary is acting as a dual broker.