Fully Let Investment Property with Attic Development Potential in Meidling

For sale, an extremely attractive income-generating property in a sought-after location in a side street to the Gaudenzdorfer Gürtel. A perfect public transport connection is thus provided.

The property comprises a total of 13 residential units, with all of them currently rented. The property yields a return of just under 6,7%.

This offers investors and project developers a rare opportunity!

Notably, the substantial development potential in the attic is highlighted. An attic conversion offers the possibility to create additional living space and thus to a sustainable increase in the property's value. The obtainable living space is circa 215m2.

Key data:

• Apartment building with 13 units
• Attic expansion: 215m2 (3 additional apartments)
• Existing apartments fully renovated
• well-maintained house
• Annual net rent in place is approx.: 107.000 €

The property is ideal for:

• existing developers
• apartment-building investors
• project developers
• Family offices
• Private investors with focus on Vienna

Highlights at a glance

• 13 residential units
• fully rented
• smaller storage units
• nearly immediately usable
• attic expansion possible
• high potential for value appreciation
• very good public transport connections
• attractive residential location
• ideal investor property

Location description:

The property is located in Vienna’s 12th district, Meidling, an established residential district with excellent infrastructure and high demand for living space. The surroundings are characterized by well-kept apartment buildings, residential complexes and an excellent local supply. The popular pedestrian zone of Meidling’s Hauptstraße with numerous shops, restaurants, banks, pharmacies and services is reachable within a few minutes on foot. In addition, schools, kindergartens, doctors and leisure facilities are in the immediate vicinity. The location combines urban living with very good accessibility to all daily needs.

Public transportation

The public transport connections are excellent. Within a few minutes on foot one reaches the Niederhofstraße U-Bahn station of line U6, which offers a fast connection to Westbahnhof, Längenfeldgasse, Floridsdorf and Siebenhirten. Additionally there are transfer possibilities to bus lines 10A and 63A.

Also quickly reachable is the Vienna Meidling transport hub, one of the most important stations in Vienna. There, in addition to the U6, there are numerous S-Bahn lines, regional trains, ÖBB long-distance services, the Badner Bahn as well as several tram and bus lines. This ensures both Vienna's city center and the surrounding regions of Lower Austria are quickly and conveniently reachable.

For questions or viewings, Mr. Kevin Matyas is happy to be reached at 0664 18 14 655 or [email protected].

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

The broker acts as a dual agent.

Infrastructure / Distances

Health

Doctor <500m

Pharmacy <500m

Clinic <500m

Hospital <1.000m

Kindergarten & Schools

School <500m

Kindergarten <500m

University <1.000m

Higher Education <1.000m

Convenience

Supermarket <500m

Bakeries <500m

Mall <1.000m

Other

ATM <500m

Bank <1.000m

Post <500m

Police <500m

Transport

Bus <500m

U-Bahn <1.000m

Tram <500m

Train station <1.000m

Highway access <3.500m

Distance as the crow flies / Source: OpenStreetMap