Charming and Well Maintained Tenement in Sole Ownership on Begrünter Gasse

Representative income property with an opulent street facade

High development potential & attic expansion possibility

Year built approx. 1900

504,19 m² currently leased usable space

Non-binding study for attic conversion with ca. 170 m²

Net annual rent currently 10.732,68 EUR

Current occupancy: 74,27% leased 25,73%

The property is built as a multi-storey income house and has spaces in the basement (Souterrain), the raised ground floor (Hochparterre), the 1st–3rd floors and the not-converted raw attic (Rohdachboden).

In 1997 a Section 18 renovation was carried out on the house. In this context the electrical wiring, the water pipes, sewer, exterior windows, facade and the roof were renovated.

The property consists of 9 apartments, a commercial space and a storage in the basement as well as an inner courtyard with a courtyard house. The attic is not developed and has potential for high-quality apartments.

Annual rental income per year currently amounts to only about EUR 10.732,68 due to the high share of long-standing tenants.

The property comprises a rentable area of ca. 504,19m². Currently there are 2 vacant apartments on the 1st and 2nd floors and a vacant storage in the basement. 7 apartments and the commercial space are currently rented on an indefinite term. That means about 74,27% of the areas are rented on an indefinite term.

The information is based on information and documents provided by the seller and/or third parties and is provided without warranty. If a contract is concluded for the object offered by us, a brokerage commission in the amount of 3% of the purchase price plus value-added tax is agreed.

For further information and to arrange a viewing, you may contact Mr. Mag. Günther Wohlgenannt at +43 676 6027239 or [email protected], as well as Mr. Michael Haas at +43 660 7136414 or haas@decus.

DECUS Immobilien GmbH – We bring spaces to life

For further information and viewings, Mr. Michael Haas is personally available at the mobile number +43 660 713 64 14 and by email at [email protected].

www.decus.at | [email protected]

Important information

Please note that as of 13.06.2014 a new regulation for distance selling and outbound transactions has come into force.

From 1.4.2024 the notary and lien entry fees are temporarily waived for single-family homes up to a basis of EUR 500,000. The requirement is a urgent housing need; inherited or gifted properties are excluded. The exemption must be checked on a case-by-case basis; DECUS Immobilien accepts no liability for this.

From 01.07.2023 the primary applicant principle applies to residential leases, with the exception of service/natural/production housing. We may point out in accordance with § 17 of the Real Estate Agent Act that we refrain from double-licensing in residential leases and act only unilaterally (not for other types of mediation) and there is a close economic relationship with our clients.

In the event of a contract with you or with a third party named by you, or in case of mutual agreement, our fee (according to the fee schedule for real estate agents) is 2 gross monthly rents (BMM) for service/natural/production housing as well as search assignments, 3 BMM for commercial, car, basement and storage rental contracts, as well as for purchases, 3% of the purchase price plus VAT.

This property is offered to you subject to change and without obligation. The above information is based on information and documents provided by the owner and is provided without liability on our side.

Further information as well as our terms and conditions and the ancillary cost overview sheet can be found on our website www.decus.at under