Tenement house with development potential on Neulerchenfelder Straße

Neulerchenfelder Straße: a heavily frequented shopping street with excellent infrastructure, local amenities and public transport connections. Attractive micro-location with high visibility for commercial use as well as sustainable rental potential in the residential sector. Property & Stock: Plot size: approx. 830 m² Building characteristics

• Built circa 1850 (according to tenant information, parts of the building date from circa 1750)
• Biedermeier era house
• Rectangular, elongated shape (about 54 m length x about 15 m width)
• Brick masonry construction
• Simple, smooth facade
• No landmark protection
• Courtyard wing nearly completely basemented (former wine cellar)

Historically there were two courtyard wings – one is likely to have been destroyed or removed during World War II. Building stock in detailStreet wing:

• Ground floor: 2 separate commercial premises:1 rented (mobile phone shop) and 1 vacant
• Upper floor: 1 residential unit
• In the middle of the house: driveway / passage into the inner courtyard

Courtyard wing:

• Right-hand side of the driveway: small commercial premises (single room + sanitary)
• Left courtyard wing: connected to the mobile shop – currently storage
• Right courtyard wing: storage spaces in the basement; residential units on the upper floor with 2 small staircases; basement exists; attic narrow and small

Tenant structure (as-is):

• 2 apartment tenants
• 1 commercial tenant
• Remaining areas vacant

Project & Development Potential:

For the property there was a submission plan from 2020 and a variation plan from 2022; the building permit (valid for 4 years) has since expired.

A new submission of a similar project or an adaptation (variation plan) appears realistic according to current assessment.

The demolition permit is in place.

Submitted project 2020 (concept)Planned usable floor area: approx. 1.440 m² with approx. 125 m² open spacesStreet wing:

• 8 storeys (basement / ground floor / 6 upper floors)
• Per storey: 3 apartments of 40–60 m², 2 balconies per floor courtyard-facing, loggias street-facing

Courtyard area:

• Along eastern property boundary: 5 car parking spaces
• Along western boundary: 3 townhouses (EG / OG / DG) with integration of old stock

Investment Highlights

• Attractive location on a heavily frequented shopping street
• No landmark protection – flexible development possibilities
• Generous plot area
• Historic stock with character (Biedermeier structure, vaulted cellar)
• High vacancy – optimal project preparation
• Existing, generally approvable development concept
• Potential for approx. 1.440 m² residential usable area

This property offers an excellent opportunity to acquire a historic income house in a good Vienna location with substantial development potential.

The combination of the existing asset, a legally previously submitted project, an attractive micro-location and a flexible usage concept makes this property especially interesting for developers, investors and forward-thinking investors.

If interested, we are happy to provide additional documents (land register excerpt, submission plans, area listing, etc.).

Note pursuant to the Energieausweisvorlagegesetz: An energy performance certificate has not yet been submitted by the owner or seller, after our clarification about the generally applicable submission obligation, as well as request for its preparation. Therefore, at least a total energy efficiency corresponding to the age and type of building is considered agreed. We assume no warranty or liability for the actual energy efficiency of the offered property.

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