Vacant tenement building with development potential in 1120 Vienna

A Gründerzeit building in a central location in Vienna’s 12th municipal district, completely free of existing tenancies, is being offered for sale with considerable revitalization and development potential.

The property is situated on a plot of approx. 317 m² and currently has a usable floor area of around 800 m². The building comprises a total of 18 residential units, all free of existing tenancies.

The complete vacancy is a particular advantage for future project development. This creates the opportunity to comprehensively renovate the building, upgrade it technically and reposition it accordingly.

The property is aimed in particular at developers, project developers and investors looking for a development property with an existing building structure and additional expansion potential.

Development potential

Planning for a two-storey attic conversion is already available for the property.

According to the current planning status, this creates the potential to add around 320 m² of usable floor area.

Taking the existing building and the planned attic conversion into account, a total usable floor area of around 1,120 m² could therefore be achieved.

The attic conversion has not currently been approved for construction. The additional areas stated are therefore expressly understood as development potential based on the existing planning and subject to the required official approvals as well as a technical and structural review.

Condition of the property

The building is in a condition requiring extensive renovation and thus offers an interesting basis for comprehensive revitalization and repositioning.

Renovation is particularly required in the areas of the façade, moisture-related issues, windows and doors, as well as partly in the existing building structure.

According to the available technical information, certain areas of the façade and cornice also require inspection and securing measures.

As part of future project development, a comprehensive technical and structural review of the property is therefore recommended.

Key facts

• Plot area: approx. 317 m²
• Existing usable floor area: approx. 800 m²
• Residential units: 18
• Existing tenancies: completely vacant
• Existing floors: 6
• Attic: planning for a two-storey conversion available
• Attic development potential: approx. 320 m² of additional usable floor area
• Potential total usable floor area: approx. 1,120 m²
• Lift: currently not available
• Construction method: solid construction
• Year built: turn of the century
• Condition: requiring extensive renovation
• Zoning facing the street: GB IV g, maximum building height 18 m
• Zoning facing the courtyard: G

Location

The property is located in Vienna-Meidling, an established and urban residential district with very good infrastructure.

Numerous shopping facilities, restaurants and amenities for everyday needs are within easy reach.

The good public transport connections also allow quick access to Vienna city centre and important transport hubs.

Highlights

• Gründerzeit building completely free of existing tenancies
• 18 residential units
• Around 800 m² of existing usable floor area
• Planning for a two-storey attic conversion available
• Around 320 m² of additional development potential
• Potential total usable floor area of around 1,120 m²
• Attractive basis for comprehensive revitalization
• Particularly interesting for developers, project developers and investors
• Established location in Vienna-Meidling

Contact information

Due to our obligation to provide proof to the owner, enquiries can only be processed upon full disclosure of name, address, telephone number and email address.

Following an appropriate enquiry, we will be happy to provide you with further information and documents relating to the property.

Through our network of lawyers, notaries and financing partners, we can, if required, support the efficient and professional handling of the entire transaction process.

For further information and details,

Mr Zoran Kalabic
Tel.: +43 699 188 86 633
Email: [email protected]

will be happy to assist you.

The broker acts as a dual broker.