Old corner tenement house in Wien-Hernals – high share of fixed-term leases and around 400 m² attic potential

This beautiful historic corner building in Vienna’s 17th municipal district combines ongoing rental income with a clearly foreseeable development perspective. The high proportion of fixed-term tenancies is particularly interesting: the residential portfolio can be gradually redesigned over the coming years.

Residential portfolio and letting

The building comprises 17 apartments. According to the current rent list, one apartment is vacant, while 16 apartments are rented. Of these, 13 tenancies have a registered fixed-term end date – this corresponds to around 81 % of the rented apartments. Three apartments are rented on an unlimited basis (68m², 52m² and 31m²).

According to the rent list, the fixed-term tenancies end as follows:

• End of contract
  • September 2026: 1
  • January 2027: 2
  • April 2027: 4
  • September 2027: 1
  • November 2027: 1
  • March 2028: 1
  • July 2028: 1
  • September 2028: 1
  • October 2028: 1
• Number of apartments

Nine of the 13 fixed-term contracts end by the end of 2027. The last stated fixed-term end date is in October 2028. The actual availability of the apartments depends on the respective return arrangements.

Current rental income

The available statement for October 2026 shows a monthly net base rent of € 5.107,34, with one vacant apartment of 63m² still available to be rented. Calculated over twelve months, this corresponds to € 61.288,08 annually. Operating costs are not included in this.

Additional development potential

In addition to re-letting and the possible upgrading of apartments that become vacant, the installation of a lift and a loft conversion with around 400 m² of possible space offer further prospects. The specific feasibility and achievable floor area must be examined from a planning and regulatory perspective.

Location

The property is located in Vienna-Hernals, an established residential district with shopping facilities and public transport connections in the vicinity of Hernalser Hauptstraße. Vienna Hernals railway station complements the district’s transport services.

A distinctive Viennese corner building for investors and project developers who wish to combine ongoing returns with a high proportion of expiring tenancy agreements and additional development potential.

I look forward to your enquiry and am available at any time for questions or to arrange a viewing appointment.

Yours sincerely,

Philipp Grabner

Email: [email protected]

Tel: +43 664 11 32 004

www.grabner-immobilien.at

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <500m
  • Clinic <1.000m
  • Hospital <1.500m
• Children & schools
  • School <500m
  • Kindergarten <500m
  • University <2.000m
  • Secondary school <1.500m
• Local amenities
  • Supermarket <500m
  • Bakery <500m
  • Shopping centre <1.000m
• Other
  • ATM <500m
  • Bank <500m
  • Post office <500m
  • Police <1.000m
• Transport
  • Bus <500m
  • Underground <1.000m
  • Tram <500m
  • Railway station <1.000m
  • Motorway access <4.000m
• Distances in a straight line / Source: OpenStreetMap