Classic Viennese corner tenement with significant development potential in the 17th district +++ 350 m² large, still raw attic

Investment jewel with historic charm

At a time when substantial tangible assets form more than ever the foundation of a future-oriented portfolio, this property embodies a rare symbiosis: grown Vienna old-building tradition, reliable ongoing income and an architectural canvas for visionary attic developments.

The Vienna corner tenement at a glance

This landmark corner tenement presents itself on a site area of ca. 500 m² in a well-kept, partially renovated condition. The venerable old-building substance extends over three spacious floors and houses a total of 21 units with a total usable area of ca. 1.189 m². The tenant structure has grown solidly and is largely organized in unfurnished main lease agreements, which provides the investor from day one with a stable and calculable cash flow.

• Purchase price: € 3.400.000,-
• Total usable area (existing stock): ca. 1.189 m²
• Number of units: 20 apartments, of which 3 are currently vacant
• 1 commercial premises
• Raw attic space: ca. 350 m² - expandable for ca. 3–5 attic apartments
• Availability: immediately

Price breakdown Zinshaus 1170 Vienna, Urbangasse 10 Market value per m² €2.930,- Lettable area 1.189m²     x     2.930, -/m²     3.480.000, -

The strategic potential: return on two levels

What sets this property apart from ordinary investment objects is its inherent, two-tier value enhancement potential.

Three of the 21 residential units are currently already vacant. This strategic vacancy allows you to implement high-quality renovations in the existing stock without any time delay and re-let the units at contemporary, attractive market conditions.

However, the true crown of this project lies higher: an approx. 350 m² large, still untouched raw attic awaits its awakening. The substance offers an excellent building reserve for the expansion of approximately three to five exclusive attic apartments. Since the roof itself is to be renovated as part of a classic modernization, this creates the perfect architectural and economic synergy: create new, highly sought-after living space above the roofs of Vienna and raise the overall project’s return to a completely new level.

Urban quality of life meets perfect connectivity

The 17th district Hernals in Vienna is among the most dynamic residential areas of the city. Here, the pulse of urban Viennese life seamlessly merges with the tranquility of traditional recreational areas. The property is located in a classic, charming residential quarter. The Schafberg and the green foothills of the Vienna Woods are practically on the doorstep, offering residents invaluable leisure and relaxation value.

At the same time, the infrastructural connection is described as excellent. The highly frequent tram line 43 provides a direct connection to the heart of the city. In a few minutes, your tenants reach the city center, the University of Vienna and the most important urban hubs. Schools, groceries, doctors and cultural venues in the immediate surroundings underscore the sustainability of this micro-location.

Conclusion & Outlook

This corner tenement is an investment of a development project with a safety net. The combination of immediate, solid returns in the base and the spectacular leverage of the attic conversion makes this property a rarity on the Vienna real estate market. Take the opportunity to sustainably shape and economically develop a piece of Viennese old-town substance.

Your personal Klaus & Kaiblinger Real Estate Team
Markus Klaus and Mag. Sabine Kaiblinger
Klaus Immobilien 
0660/316 20 24
[email protected]
www.klaus-immobilien.at

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