Historic rental house jewel from family ownership in prime location of the 18th district - charming old building from family ownership with excellent infrastructure - near AKH and Kutschkermarkt - approx. 3.4% yield

This charming property impresses not only with its generous layout and inviting atmosphere, but also offers remarkable potential for individual design. A particular highlight: The development of the attic is possible and opens up additional living space – ideal for anyone wishing for a creative retreat, a cosy studio or additional living area. An existing study already demonstrates promising possibilities and facilitates the implementation of your personal residential dreams. Let yourself be inspired by this unique potential and design your new home entirely according to your wishes!

Key details:

• Existing WNFL: approx. 598,25 m² plus outdoor areas
• Attic development potential WNFL: approx. 245 m² outdoor areas
• Share: 1/1
• Floors: 4 plus basement floor
• Residential units: 7 apartments
• Lift: no
• Basement: yes
• Bicycle and pram storage room: no
• Heating: decentralised via individual gas floor heating systems

Description:

The venerable apartment building from family ownership is located in a mixed-use building zone of building class III and was constructed in a closed building layout. It comprises four floors plus a basement floor and is characterised by the typical raised ground floor as the entrance level. The attic is currently undeveloped, but offers potential for future extensions or adaptations. There are two apartments on each floor, resulting in a total of ten residential units with living areas between 67,78 m² and 138,77 m².

The current existing property consists of approx. 392,59 m² of space rented for an unlimited term and approx. 69,00 m² of space rented for a fixed term. Current monthly net rental income amounts to € 2.879,70, corresponding to annual ACTUAL income of € 34.556,40. It should be noted here that Top 7+10 is occupied by one of the owners and no rent is paid. Based on a calculated rent of net € 20/m², this results in a monthly value of € 2.733,20, corresponding to annual income of € 32.798,40 and therefore resulting in TARGET income of € 67.354,80.

This exceptional apartment building combines historic elegance with long-term investment potential and offers investors as well as enthusiasts of classic Viennese properties a unique opportunity.

• Top 2
  • 67,78 m²
  • rented for an unlimited term according to the benchmark rent (Category C)
• Top 3
  • 69,00 m²
  • rented for a fixed term according to the benchmark rent (Category A)
• Top 4
  • 86,00 m²
  • rented for an unlimited term according to the benchmark rent (Category C)
• Top 5
  • 72,00 m²
  • rented for an unlimited term according to category rent (Category A)
• Top 6
  • 72,00 m²
  • rented for an unlimited term according to the benchmark rent (Category A)
• Top 7+10
  • 136,66 m²
  • owner-occupied - will be handed over vacant (maisonette)
• Top 8
  • 94,81 m²
  • rented for an unlimited term according to the benchmark rent (Category A)

Existing property:

• Rented for an unlimited term: approx. 392,59 m²
• Rented for a fixed term: approx. 69,00 m²
• Vacancy after sale: approx. 136,66 m²
• Total WNFL: 598,25 m²

Potential:

• Attic development for 2 residential units
• WNFL approx. 245 m² plus approx. 31 m² outdoor areas

Income:

• ACTUAL net rental income € 2.879,70 per month
• ACTUAL income € 34.556,40 p.a.
• TARGET income € 5.612,90 per month
• TARGET income € 67.354,80

Costs:

• Purchase price: € 1.800.000,-
• Commission: 3% of the purchase price plus statutory VAT.
• Contract preparation costs: 1,0% plus cash expenses and VAT.

Location + infrastructure:

The apartment building is located in an extremely sought-after residential area of Vienna’s 18th municipal district and impresses with its excellent infrastructure. Public transport connections are first-class: Tram lines 40 and 41 (Canongasse stop) are located in the immediate vicinity and provide a quick connection to the city centre. In addition, the U6 station “Währinger Straße/Volksoper” can be reached within a few minutes, ensuring ideal access to Vienna’s underground network. Shopping opportunities are diverse and conveniently accessible. Nearby Währinger Straße offers a wide selection of supermarkets, boutiques, pharmacies and other shops for everyday needs. For larger purchases, the shopping mile on the Gürtel or Kutschkermarkt, with its fresh regional products and dining options, is available. The area is also ideally suited for families. Schools and educational institutions such as Schottengymnasium and Volksschule Kutschkergasse are nearby. In addition, several kindergartens and the renowned University of Natural Resources and Life Sciences are located in the surrounding area. There are plenty of leisure opportunities: Nearby Türkenschanzpark is ideal for walks, sporting activities or a relaxing picnic. Culture enthusiasts can enjoy the Volksoper or the Schubert-Theater, both of which are easily accessible. Numerous cafés and restaurants in the area round off the diverse range of leisure activities.

In accordance with Section 5 of the Estate Agents Act, we would like to point out that we are acting as dual agents and that an economic/family relationship exists with our clients. The economic relationship results from a regular business connection. Errors excepted.

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

The intermediary acts as a dual agent.