Established commercial space in urban location of the 3rd district (approx. 64 m²) – Tenant with indefinite lease

• Usable floor area: 64,19 m²
• Designation: Commercial premises (usable value appraisal: apartment)
• Rental status: Rented for an indefinite period (net rent: EUR 216,96/month)
• Purchase price: EUR 52.259,90
• Legal status: The unit has been used continuously, consensually and without objection as a dance studio/ballet club for over 25 years (since 2001). This condition is deemed to have been legally remedied by implication and offers long-term security of tenure.

Part of an exclusive condominium package in Vienna’s prime locations

Note regarding the purchase: This property can be acquired both as an independent individual investment and as part of a highly attractive overall package.

The overarching portfolio comprises a total of 16 carefully selected residential and commercial units in established prime locations in Vienna (2nd, 3rd, 6th, 9th, 13th, 15th and 18th districts). Around 56 % of the units in the overall package are rented for a fixed term or vacant (which offers immediate or medium-term potential for appreciation and repositioning), while the remaining holdings provide a continuous cash flow base through solid rental agreements for an indefinite period.

Key data of the overall portfolio:

• Total usable floor area: 987,40 m²
• Total asking price: EUR 2.586.613,30
• Annual net rent (actual): EUR 71.403,72 p.a.
• Net initial yield (overall package): approx. 2,76 % p.a.
• Potential: Significant value appreciation leverage through gradual rent adjustments and reletting at market-based WKO guideline values after expiry of the fixed terms.

Contact & documents: Out of consideration for the existing, ongoing rental agreements and to maintain business discretion, exterior images of the property are shown in the listing.

Have we sparked your interest in this investment? We look forward to hearing from you! Please send us your written inquiry, providing your complete contact details (first and last name or company name, address, telephone number and email address).

We will be happy to send you the detailed exposé and all further property and real estate documents (plans, usable value appraisal, rent rolls and rental agreement details) without delay.

Please note that a family or economic relationship exists between the broker and the third party to be brokered.

The broker is acting as a dual broker.