SQ 1140 WIEN Attic Floor Package 25 to 40% Value Increase Through Structuring and Completion

Attic investment with 7 residential units in Vienna-Penzing

Property data at a glance

• Property: Converted attic in a Gründerzeithaus
• Residential units: 7 apartments (Top 49–55)
• Residential usable space: approx. 592 m²
• Outdoor areas: approx. 70 m² of terraces and balcony spaces
• Occupancy: Currently 5 of 7 units rented
• Facilities: elevator, air conditioning, terraces/balconies
• Market value according to expert appraisal: EUR 2.611.000 net
• Apartment ownership: Not yet established

The investment

On sale is the converted attic of a well-maintained Viennese Gründerzeit house in a good residential location of the 14th district. The attic comprises seven residential units with apartment sizes ranging from about 58 m² to 112 m². The apartments predominantly have private outdoor spaces and offer a contemporary living standard. Five units are already rented and generate ongoing income. Two units are available for individual utilization or marketing.

Location & Infrastructure

The property is located in an established residential area in western Vienna.

Public transport connections

• S45 Breitensee directly in front of the building
• Tram line 49 directly in front of the house
• Rapid access to Vienna city center

Local amenities

• Shopping facilities within walking distance
• Schools, kindergartens and medical care in the surroundings
• Established living and infrastructure quality

Investment highlights

• Converted attic already in place
• 592 m² of usable living space
• 7 residential units
• Mostly rented stock
• Elevator available
• Terraces and balconies
• Good Vienna residential location
• Very good public transport access
• Potential for establishing condominium ownership
• Potential appreciation through project finalization

Development potential

For full legal finalization, additional measures are required, in particular:

• Creation of a stroller storage area
• Creation of bicycle parking facilities
• Preparation of as-built plans
• Submission of the completion notice
• Implementation of remaining defect remediation

The costs budgeted for this have already been included in the present market value assessment.

Potential exit strategies

• Holding: Long-term rental with ongoing returns.
• Value-add investment: Technical and legal finalization with subsequent sale.
• Individual sale: Possible future establishment of condominium ownership as the basis for the individual sale of the apartments.

Summary

The property offers the rare opportunity to acquire a largely finished attic stock in a sought-after Viennese residential area. The combination of existing cash flow, attractive outdoor spaces, excellent public transport connections, and further development potential makes the property particularly interesting for developers, project developers, family offices and long-term oriented investors.

Costs

• Purchase price: € 2.611.000 net
• Commission: 3% of the purchase price plus 20% VAT

Energy certificate:

in progress

Contact details

Have we sparked your interest? Please contact Mr. Bayer at +43 664 99 050 760 or [email protected]. We look forward to your inquiry! For more properties visit www.stadtquartier.at Follow and like us on Facebook or Instagram! Thank you!

Sale is conducted within the framework of insolvency proceedings. Detailed documents and expert opinions are available on request. All information provided here is based on the documents and information supplied to us and has been disclosed to the best of our knowledge and belief. Errors and interim changes reserved.

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

The broker acts as a dual agent.