Corner Tenement House in Vienna 18., Währing

Invest in what is probably the safest country in the world!

Developer

Please read on:

We present the property in three purchase variants.

Let us take this path together.

In the course of our further internal discussions we may, after thorough review and taking into account the current stock and development situation, forward several possible acquisition and structure variants for the subject corner house.

Property overview:

• The property on offer is an attractive corner townhouse with significant development potential in the attic floor area.
• In one of the most desirable districts of Vienna.
• Site area: approximately 450 m²
• Weighted total usable area: approximately 1.400 m²
• It is noteworthy that the property is owned by its own company GmbH)
• In the course of a transaction there is therefore the possibility of a share deal by taking over the company, which may offer structural and tax advantages.

Notes on the current occupancy situation (interest list):

With regard to tenancy, the following current conditions arise:

Details on this after a free non-binding inquiry….

Development potential / building permit:

For the property there is already a legally binding building permit. This enables an additional two storeys to be added, thereby realizing around three high-quality penthouse apartments with an additional usable floor area of altogether approx. 1,200 m².

This represents substantial potential for value appreciation and development.

Details on this after a free non-binding inquiry….

Variant 1.

• Purchase price for the entire property: The purchase price for the entire property is EUR 5.200.000,- including the legally binding building permit.

Variant 2.

Alternative acquisition proposal on our part:

• As an alternative structure we propose a partial purchase of individual units as follows:
  • Top 1: EUR 320.000,- including garden portion, in its current unrestored condition.
    • The necessary interior work will be accounted for as an economic discount in favor of the buyer.
    • Including a corresponding basement compartment.
  • Top 8: EUR 546.000,- also in its current condition without interior renovation, including basement compartment.
  • Additionally, the buyer has the option to alternatively sell us one of the following units in exchange:
    • Top 5: EUR 472.000,-
    • Top 6: EUR 745.000,-

Variant 3.

• Another alternative: There is the possibility of acquiring the entire property for EUR 3.800.000,- provided that the raw attic space is not part of the transaction.

Have we sparked your interest?

Other alternative variants can be discussed.

This property is subject to a commission of 3% plus VAT.

With kind regards AVI Immobilien Betreuungsdirektor Thomas Pichler 0043 660 86 84 866 [email protected] www.avi-ag.at