Charming investment property with development potential in Vienna Ottakring

The property described below is offered for sale in 1160 Wien.

Floor space: 961,40m² according to the interest list, according to an initial completely non-binding and unverified assessment (pre-study) an additional expansion by one more floor would be possible, with a net usable area of about 230m² (gross about 270m²).

Land use: W (Bauland, Wohngebiet), building class III (limited to 14m), g (closed construction), G (gardening), 12.00 (12,0m maximum depth of the tract).

Main rent: About EUR 4.900, -- net per month. according to interest list (currently 100% rented). 3 commercial units, 11 residential units. 7 of the 14 units (50%) are rented indefinitely, 7 are fixed-term.

Public transport: Straßenbahn 9, Camillo-Sitte-Gasse station (Gersthof, Wallrißstraße-Westbahnhof), 48A, Panikengasse station (Ring, Volkstheater-Klinik Penzing), Straßenbahn 46, Feßtgasse station (Josefstädter Straße-Joachimsthalerplatz), U6, Burggasse station, Stadthalle (Floridsdorf-Siebenhirten).

Property details: The property is an corner house, with a total of 4 floors (high ground floor, 1st floor, 2nd floor, 3rd floor) + attic and, according to the interest list, currently has a floor area of 961,40m². In total there are 14 units (3 commercial premises, 11 apartments).

Upon request we can gladly provide a more detailed exposé including the interest list and a non-binding development study. All information provided is by the seller and LIM-BROKER as non-binding initial rough estimates based on unverified assumptions.

Note: in the case of a successful mediation we charge 3% of the purchase price plus 20% VAT as commission. If needed, we can also gladly take on the drafting of the purchase agreement for 1% plus 20% VAT. We can also assist with financing.

For further questions, Mr. Daniel Masek is very happy to be reached by phone at 0660 / 18 34 006 or by email at [email protected].

According to existing business practice, LIM-BROKER GmbH (hereinafter “LB”) acts as a co-broker. It is expressly pointed out that LB has a family or economic close relationship with the third party to be mediated. The information about the offered object is provided with the diligence of a proper real estate agent; no liability is assumed for the accuracy of the information by third parties, in particular the person authorized to dispose of the object. It is further expressly stated that by requesting an object between the requesting interested party (hereinafter “Client”) and LB a broker contract is concluded and, as agreed, in the case of a conclusion with the client or a third party named by him LB has a commission claim against the client (in accordance with the Honorarverordnung for Immobilienmakler, BGBl. 262 and 297/1996) in the amount of 3% of the purchase price plus 20% VAT. It is further noted that by agreement LB’s commission claim in this amount also arises for the client if, according to § 15 MaklerG (i) the business designated in the broker contract does not come about through no fault of the client because the client, contrary to the previous negotiation progress, omits a legally required act without a substantial reason; or (ii) with the mediated third party a different than a purpose-equivalent transaction occurs, provided the mediation falls within LB’s area of activity; or (iii) the business designated in the exposé or contract does not take place with the client, but with another person because the client has communicated to LB the known possibility to conclude, or the business does not take place with the mediated third party because the mediated third party disclosed the business opportunity, or (iv) the business does not take place with the mediated third party because a statutory or contractual right of pre-emption, repurchase or entry is exercised. The general terms and conditions of LB apply (available at http://www.lim-broker.at/de/agb), which is expressly pointed out here.

We point out that there is a familial or economic close relationship between the broker and the third party.

The broker acts as a co-broker.

Infrastructure / Distances

• Health
  • Doctor <250m
  • Pharmacy <500m
  • Clinic <750m
  • Hospital <1.750m
• Kinder & Schools
  • School <500m
  • Kindergarten <250m
  • University <750m
  • Higher school <750m
• Nearby provisions
  • Supermarket <250m
  • Bakery <500m
  • Shopping center <1.000m
• Others
  • ATM <500m
  • Bank <500m
  • Post <750m
  • Police <750m
• Traffic
  • Bus <250m
  • U-Bahn <1.000m
  • Tram <250m
  • Train station <1.000m
  • Highway connection <4.750m
• Distances are as the crow flies / Source: OpenStreetMap