Exclusive investment property in 1160 Vienna: Future-oriented tenement project with short-term rental permit

Project Highlights at a Glance

• Address: 1160 Vienna
• Total usable area: approx. 634 m²
• Total units: 13 units
• Commercial residential accommodation / lodging: 10 approved lodging units with a total of 56 beds (perfect for short-term rentals)
• Existing property: Top 7 + Top 8 (merged, apartments rented for an indefinite period)
• Project scope: General refurbishment of the existing building including high-quality attic conversion
• Planned completion: August 2027
• Handover condition: Turnkey, including all building-law and technical requirements for lodging operations
• Form of sale: Sale of the entire property as an investment package or flexible individual sale of apartments to investors

Property Description & Investment Potential

In a sought-after and up-and-coming location in Vienna’s 16th municipal district, a future-oriented yield property with a total of approx. 640 m² of usable area is being created through comprehensive general refurbishment of the existing building as well as an exclusive attic conversion.

The building has a legally binding building-law approval from MA 37 as a lodging establishment or apartment house. It combines profitable short-term rentals with solid existing-property rentals:

• 10 commercial lodging units (56 beds): Tailored to commercial short-term rentals / serviced apartments.
• Existing unit (Top 7+8): The merged Top 7/8 apartment is rented for an indefinite period and ensures steady existing-property income.

Turnkey & Highest Safety Standards

The property will be handed over turnkey, with all official and technical requirements for lodging operations fully implemented:

• Maximum safety: Equipped with an automatic fire alarm system, a pressurisation ventilation system in the stairwell, and modern fire emergency control in accordance with the strict requirements of the Fire Safety Competence Centre of MA 37.
• Modern building services: Preparation of all trades and energy optimisation to the latest state of the art.
• Flexible furnishing concept: The units will be handed over spoon-ready/turnkey with regard to sanitary facilities, walls and floors (without loose furnishings), allowing operators to freely implement their own interior design concept.

Utilisation Strategy & Income Opportunities

The project appeals to both institutional investors and private investors:

• Sale of the entire property: Acquisition of the entire property as a fully approved apartment-building package with high cash-flow potential through the combination of short-term rentals and existing-property rent.
• Individual sale: Alternative sale of the approved units to investors wishing to benefit from the highly sought-after short-term rental market in Vienna.

Location & Connectivity

Wurlitzergasse in Ottakring impresses with its vibrant, urban atmosphere, excellent infrastructure and outstanding connections to Vienna’s public transport network. Guests and residents can reach Vienna’s city centre and the tourist hotspots in the shortest possible time.

Approval Status

• Building law: Building permit from MA 37 is legally binding and available.
• Fire safety: Fire-safety assessment issued by MA 37.
• Commercial facility: Commercial operating-facility procedure (MBA 12) is being conducted in parallel with the structural implementation.

Contact & Information

We will be happy to provide you personally with detailed documents, plans and appointment arrangements.

Purchase price: € 4.200.000,-
Brokerage commission: 3 % of the purchase price plus 20 % VAT

Contact:
For further information or to arrange a viewing appointment, please contact:
Ms Betül Cakmak
📞 0676 / 845 360 400
✉️ [email protected]

We wish to point out that a family or economic relationship exists between the broker and the third party being brokered.

The broker is acting as a dual broker.

Infrastructure / Distances

• Health
  • Doctor <500m
  • Pharmacy <500m
  • Clinic <1.000m
  • Hospital <1.000m
• Children & Schools
  • School <500m
  • Kindergarten <500m
  • University <1.500m
  • Secondary school <1.000m
• Local amenities
  • Supermarket <500m
  • Bakery <500m
  • Shopping centre <1.000m
• Other
  • ATM <500m
  • Bank <500m
  • Post office <500m
  • Police <500m
• Transport
  • Bus <500m
  • Underground <1.000m
  • Tram <500m
  • Train station <1.000m
  • Motorway access <4.500m

Distances as the crow flies / source: OpenStreetMap