Project developers take note! Rental building with great development potential near Yppenplatz

The location

The property in question is situated in the midst of the up-and-coming district surrounding the trendy Yppenplatz. Its lifeline is the multicultural Brunnenmarkt, which, with more than 170 market stalls between Thaliastraße and Ottakringer Straße, is considered Vienna's largest street market. For several years now, the multifaceted neighbourhood has attracted both young and old with its great variety and hip flair.

The location has excellent connections to the public transport network. The nearest stations of underground line U6 (Josefstädter Straße and Alser Straße) can be reached on foot within a short time, as can the nearest stations of tram lines 2, 5, 33 and 44. For private transport, the immediate proximity to Hernalser Gürtel (B221) can be described as optimal. Numerous shopping facilities for daily necessities are located within comfortable walking distance. A wide range of childcare and educational options for children and young people is available in the immediate vicinity. The nearby AKH Wien guarantees rapid medical care.

The potential

The property in question comprises a street wing and a courtyard wing with two staircases, with the courtyard wing designed in an H-shape. According to the rent list, the existing floor area is approx. 1.879,41 m². Of particular interest is the very high vacancy and fixed-term tenancy rate, currently totalling approx. 78,48% (corresponding to approx. 1.474,85 m² of the existing floor area), as well as the considerable attic potential. The unfinished attic has not yet been developed. The available area study for a possible attic conversion indicates total potential of approx. 741,88 m², of which approx. 669,32 m² is residential floor area and approx. 72,57 m² is open space.

The floor area breakdown

The property in question has an existing floor area of approx. 1.879,41 m² (37 existing units), consisting of:

• vacant: (20,02%) approx. 376,22 m²
• let on fixed-term leases: (58,46%) approx. 1.098,63 m²
• let on indefinite-term leases: (21,53%) approx. 404,56 m²

Due to the expiry of the rental agreements, the expected vacancy as of 01.02.2027 is approx. 1.081,63 m² (57,55%).

The attic potential totals approx. 741,88 m², consisting of:

• residential floor area: approx. 669,32 m²
• open space: approx. 72,57 m²

Together with the attic potential stated above, this results in a total area of approx. 2.621,29 m², consisting of:

• residential floor area: approx. 2.548,73 m²
• open space: approx. 72,57 m²

The floor area breakdown is based on the rent list provided by the responsible property management company and the available area study for a possible attic conversion.

Further information, documents and photos will gladly be provided upon serious interest. A joint on-site viewing appointment can of course also be arranged.

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

The broker acts as a dual agent.

Infrastructure / distances

• Health
  • Doctor <500m
  • Pharmacy <500m
  • Clinic <500m
  • Hospital <1.000m
• Children & schools
  • School <500m
  • Kindergarten <500m
  • University <500m
  • Higher 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 <500m
  • Tram <500m
  • Railway station <500m
  • Motorway connection <3.500m
• Distances as the crow flies / source: OpenStreetMap