Well-maintained rental building near Radetzkyplatz

A well-kept income property for sale in an excellent location in the 3. district, near the popular Landstraße district.

The building, erected in 1898, presents itself as a typical late Gründerzeit era house with simple, restrained façade design and subtle old-building elements. The classical construction as well as the preserved architectural details give the property lasting charm and long-term value.

The income property comprises, in addition to the ground floor, three regular floors and has a total of 12 residential units as well as a commercial premises, which is currently leased as a gastronomic operation (China restaurant).

The entire property is fully rented – there is no vacancy. All tenancy arrangements are open-ended, providing a stable and continuous income situation.

The current rental income yields a 3% return.

The general condition of the house can be described as good.

A special development potential is offered by the undeveloped attic, which – subject to authorities' approvals – offers further expansion and value appreciation potential.

For further information and the request for detailed documents I am available at any time.

We ask for understanding that only inquiries with complete contact details can be processed.

In the interest of the owner, discretion and confidential handling of the information transmitted is requested.

Note pursuant to the Energy Certificate Vorlagegesetz: An energy certificate has not yet been provided by the owner or seller, after our clarification about the generally applicable obligation to provide, as well as the request for its preparation. Therefore at least a total energy efficiency corresponding to the age and type of building is deemed agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.

We would like to point out that between the broker and the third party to be mediated there is a familial or economic close relationship.