Zinshaus mit Entwicklungspotenzial und attraktiver Perspektive

Apartment Building with Development Potential and Attractive Upside – Ruckergasse, 1120 Vienna

An apartment building located in Ruckergasse in Vienna’s 12th district is offered for sale, distinguished in particular by its development potential and existing vacant units. The current structure provides a solid foundation for the gradual optimization and repositioning of the property.

The property currently comprises a total of 8 residential units, of which 4 are rented on indefinite lease agreements, while 4 units are vacant and immediately available. This offers investors the opportunity to develop parts of the property right away and progressively adapt them to current market conditions.

The building is complemented by three storage areas with a total size of approx. 36,61 m², as well as four on-site parking spaces, providing additional utilization potential.

A particular highlight is the existing development concept: the construction of two additional courtyard apartments is planned, allowing for an expansion of the usable area and a long-term increase in the property’s profitability (subject to official approvals).

The condition of the building allows for targeted refurbishment measures and sustainable value enhancement through reletting. The combination of existing tenancy agreements and vacant units provides for a flexible implementation strategy.

Investment Highlights

• 8 residential units, of which 4 are rented on indefinite lease agreements (totaling 177,33m²) and 4 are vacant (260,95m²)
• Immediate development potential due to vacant units
• Three storage areas totaling approx. 36,61 m²
• Four parking spaces in the courtyard (currently rented on indefinite agreements, terminable at any time with one month’s notice)
• Planned construction of two additional courtyard apartments
• Gradual value appreciation through refurbishment and reletting
• Attractive location in Vienna’s 12th district with stable demand and excellent public transport connections
• Appealing combination of existing income and expansion potential

Current Net Rental Income Overview

• Unit 5-6, 64,40 m² – EUR 96,59 p.M.
• Unit 7-8, 51,13 m² – EUR 281,83 p.M.
• Unit 9, 32 m² – EUR 81,76 p.M.
• Unit 10, 29,80 m² – EUR 46,50 p.M.

The property is ideally suited for investors seeking an asset with development potential and long-term value enhancement opportunities through targeted measures.

Johannes Muchitsch, MSc

Real Estate & Asset Manager

RI Realinvest GmbH

Kreitnergasse 5, A-1160 Vienna

Mobile: +43/676/4010828

Phone: +43/1/8179127-155

Email: [email protected]