Cashflow from day one - Tenement house with development potential in the Karmeliterviertel

For sale is a distinctive Viennese tenement building in a sought-after location in the second district – a property that combines the charm of classic period architecture with ongoing income and development opportunities. The articulated façade, high ceilings and classic period building fabric give the property a timeless value that clearly sets it apart from pure yield properties. The building comprises a rented residential portfolio and thus generates ongoing income. At the same time, vacant units offer the buyer immediate scope for design through renovation, re-letting or gradual optimisation. In addition, the attic floor with its expansion reserve offers good development prospects – a rare combination of existing stock and future potential. The offer is rounded off by the location in the popular Karmeliter quarter with excellent infrastructure and sustainable rental demand. A rare opportunity for investors who wish to combine the charm of a classic Viennese tenement building with ongoing income and development.

We ask for your understanding that we can only provide more detailed information upon receipt of a written enquiry.

Location & infrastructure

The property is located in a sought-after inner-city residential area in the Karmeliter quarter of the 2nd district. The quarter combines an urban lifestyle with a high quality of living and benefits from its immediate proximity to Vienna city centre. Around Karmelitermarkt, there is a wide variety of restaurants, cafés and shops for everyday needs. Augarten offers spacious green and recreational areas within walking distance. Public transport connections are excellent, including via the U2 Taborstraße station and further connections towards the city centre. The proximity to Schwedenplatz and Stephansplatz underscores the central quality of the location. The combination of a prime location close to the city centre, established infrastructure and a high quality of life ensures sustainable rental potential.

Brokerage commission

3% of the purchase price plus 20% VAT.

Further information is available from the responsible broker, Mr Patrick Cruz, by telephone at +43 660 / 214 66 84 or by email at [email protected]. We reserve the right to offer you the above-mentioned property subject to change and without obligation. All information is based on information and documents provided to us by the seller and/or third parties and is supplied without guarantee. All area and other measurements are approximate and supplied without guarantee. Please note that, by virtue of established business practice, we act as a dual agent. In the event that a contract is concluded for the property offered by us or for a transaction with an equivalent purpose (e.g. purchase instead of rental), a brokerage commission in the respective amount pursuant to the Real Estate Agent Ordinance plus statutory VAT shall be deemed agreed.