Corner tenement house in Naschmarkt location with building permit for raw attic and high vacancy

An extremely interesting Viennese investment property is being offered for sale in the sought-after Naschmarkt area in Vienna’s 4th district, near Kettenbrückengasse underground station.

Due to its extremely good location, this exciting property has very good infrastructure within walking distance, as well as very good public transport connections.

The well-maintained corner investment property has been in family ownership since it was built.

The property in question offers interesting development potential, for example through an undeveloped attic that has already received planning permission, as well as substantial vacant space.

The building is currently structured as follows:

• Basement
  • The building has a partial basement - cellar compartments for apartments, as well as 1 storage room, approx. 60m²
• Ground floor
  • Commercial premises approx. 57m²
  • Commercial premises approx. 35m²
  • 1 Category A apartment measuring 49m² and 1 storage room measuring approx. 11m²
• 1st upper floor
  • 1 Category B apartment approx. 102m²
  • 1 Category D apartment approx. 26m²
  • 1 Category A apartment approx. 40m²
  • 1 Category A apartment approx. 43m²
• 2nd upper floor
  • 1 Category A apartment approx. 90m³
  • 1 Category D apartment approx. 38m²
  • 1 Category A apartment approx. 42m²
  • 1 Category A apartment approx. 44m²
• 3rd upper floor
  • 1 Category B apartment approx. 104m²
  • 1 Category D apartment approx. 26m²
  • 1 Category A apartment approx. 44m²
  • 1 Category A apartment approx. 40m²
• Attic
  • Undeveloped shell attic with planning permission

According to the current rent schedule, the net annual rent amounts to approx. € 25899,48 - (!) Attention: high vacancy for project development (!)

According to the owner’s information, approx. 457m² are currently vacant, approx. 156m² are rented for a fixed term and approx. 193m² are rented for an indefinite term.

The attic conversion has had planning permission since 03/2024 - including lift installation and balcony construction on the standard floors.

The current plans provide for 4 new apartments in the attic:

• Apartment 1 approx. 76,54m² + 4,26m² balcony
• Apartment 2 approx. 112,89m² + 6,11m² terrace
• Apartment 3 approx. 99,10m² + 12,01m² terrace
• Apartment 4 approx. 71,12m² + 4,30m² balcony

Furthermore, comprehensive planning is available for implementing a Thewosan renovation of the investment property in question.

According to the planning permission, approx. 1.100m² of residential space and approx. 90m³ of commercial space, as well as various ancillary areas (basement), can be created.

A particular highlight of this property is its proximity to Vienna’s Naschmarkt and the underground, both within walking distance.

We look forward to receiving your written inquiry so that we can personally present this extremely interesting property to you.