Entwicklungsliegenschaft mit Bestandsmiete und Neubau-Potenzial.

For sale is a development property in Vienna's 23rd district with an existing residential building, ongoing rental income, and a developed development study for a new construction project with seven residential units and an underground garage.

The facts about the project at a glance:

• Plot with 368 m² in an up-and-coming residential area in the 23rd district.
• Three existing residential units with current rental income: immediate yield.
• Developed development study for a new build with seven residential units and approximately 600 m² usable living area.
• Underground garage with five car parking spaces included in the study.
• Compact three-bedroom floor plans of approx. 83 to 94 m² – strong demand in the segment.
• Approximately 63 m² of balconies and terraces as well as a generous private garden on the ground floor.
• Zoning W I g (Residential area, Building Class I, closed construction).
• Positive development dynamics in the immediate surroundings.

Details about the property.

The property is located in a quiet residential area in southern Vienna and offers an attractive combination of ongoing tenant yield and significant development potential. In the existing single-story building there are three units, each about 46 m², of which two are currently rented.

Currently, rental income is around €14,000 p.a. By renting out the third unit, there is potential to increase to at least €21,000 p.a.

The present development study provides for the construction of a multi-unit residential building with seven three-bedroom apartments on four above-ground floors (Ground floor + 1st floor + 2nd floor + Attic) and an underground garage with five parking spaces. The usable living area in the study is about 600 m², complemented by generous open spaces with a private garden, balconies and terraces.

The immediate surroundings are characterized by active development. A well-known nonprofit developer plans comparable housing projects in the neighborhood. This underlines the potential of the site and suggests a positive value development.

The development study serves as a basis for project development and shows the realizable potential of the property. Detailed project documents, development study and land registry excerpt will be provided to qualified interested parties on request.

For answering further questions as well as for viewing appointments, I am happy to be available daily, including weekends, from 08:00 to 22:00.

I look forward to your contact, Christoph Bäckenberger, +43 664 85 191 25, [email protected]

The broker acts as a dual agent.

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