Tenement house from long-standing private ownership – Naschmarkt around the corner – U4 Kettenbrückengasse approx. 150 m

For sale is a classic Viennese tenement building from long-standing private ownership, located in one of the most sought-after central locations of Vienna’s 5th municipal district – just a few minutes’ walk from Naschmarkt and Vienna city centre.

The property has a total usable area of approx. 865 m² and is divided into a street wing with a ground floor and three upper floors, as well as a separate courtyard building. The property comprises a total of 11 rented units, including eight apartments, one office unit and two units used as studios or storage. All tenancies are open-ended, and the occupancy rate is 100%.

The existing rental development and value appreciation potential is particularly interesting for investors with a long-term focus. The current average existing rent is only around EUR 6,43/m². This may result in corresponding income potential, particularly in the event of future re-lettings.

Another value driver is the existing unfinished attic space, which – subject to building-law and technical possibilities – offers potential for creating additional usable space. There is also a quiet inner courtyard between the street wing and the courtyard wing.

Highlights

• Approx. 865 m² total usable area
• 11 units – 100% rented
• 8 apartments, 1 office and 2 studio/storage units
• All tenancy agreements open-ended
• Average existing rent of only approx. EUR 6,43/m²
• Rental development and long-term income potential
• Unfinished attic space with additional development potential
• Classic Viennese tenement building from long-standing private ownership
• Attractive central location near Naschmarkt and Freihausviertel
• Vienna city centre within easy walking distance
• U4 station Kettenbrückengasse approx. 150 m away
• U1/U4 Karlsplatz within walking distance

Location

The property is located in an excellent urban location in Vienna’s 5th municipal district. The popular Naschmarkt and the Freihausviertel, with numerous restaurants, cafés and shopping opportunities, are in the immediate vicinity. Vienna city centre is also within easy walking distance.

Public transport connections are excellent: The U4 station Kettenbrückengasse is only approx. 150 m away, and the Karlsplatz transport hub with U1 and U4 is also within walking distance. The combination of a central location, excellent infrastructure and high quality of living ensures a sustainably attractive rental situation.

Purchase price: EUR 2.650.000,–

We would be pleased to provide you with further information, the detailed rent roll and the complete brochure upon request.

POTERE Immobilien GmbH has been exclusively commissioned with the sale. We look forward to receiving your enquiry.

The property described is offered for sale subject to change and without obligation. The information regarding the property offered is provided with the care of a proper real estate agent; no guarantee is given for the accuracy of such information, which is based on information provided by those authorised to dispose of the property.