Rental Property Gschwandnergasse, Vienna

This tenement house from 1887 in Gschwandnergasse, Vienna-Hernals, offers 742 m² of living space and 1029 m² of usable space on a 346 m² plot. The historic building requires renovation and is fully developed, with 13 existing apartments between 29 and 72 m². It has approx. 85 % vacancy, with only a few units rented. The property has potential for attic expansion adding approx. 240 m² of living space and terraces. The solid construction and central location make it an attractive investment.

The apartments are currently in a rough state and offer design flexibility. The object provides versatile usage options in a quiet side street near Hernalser Hauptstraße. The solid structure and existing building permit for expansion enable future value increases.

Highlights

• 13 existing apartments 29 to 72 m²
• 85 % vacancy for flexible renting
• Potential attic expansion 240 m²
• Solid construction, built 1887
• Fully developed
• Central location in Hernals
• Renovation required with development potential

Location & Surroundings

The tenement is situated in a quiet side street off Hernalser Hauptstraße in Hernals. Infrastructure is excellent: supermarket, bakery and shopping centre within 500 m. Doctors, pharmacies and schools under 250 m away. Public transport is optimally connected: bus and tram under 250 m, U-Bahn 750 m, train station 1 km.

Additional Information

• Purchase price: € 2,000,000
• 85 % vacant on handover
• Plot size: 346 m²
• No energy certificate available