Friedrich-Engels-Platz 20 1200 Vienna

Friedrich-Engels-Platz 20 - Traditional Viennese building with potential for development

A characterful old Viennese building in an attractive location in the 20th district is now for sale. The building combines the unmistakable charm of classic Viennese Gründerzeit architecture with modernisation work that has already been carried out, whilst also offering interesting development potential for investors and current owners.

The apartment block comprises a total of seven residential units, three of which have already been refurbished to a high standard. The remaining four units are in their original, unrefurbished state and present attractive opportunities for further value appreciation through refurbishment and modernisation.

Typical features of older buildings, such as the classic façade design, generous ceiling heights and the distinctive character of historic Viennese residential buildings, lend the property lasting appeal. The combination of renovation work already carried out and the existing development potential makes the property attractive both to long-term investors and to those with an active asset management approach.

Location

Friedrich-Engels-Platz in Vienna’s 20th district, Brigittenau, combines urban infrastructure with a high quality of life. Numerous shopping facilities, schools, restaurants and amenities for everyday needs are located in the immediate vicinity. Thanks to good connections to the public transport network, Vienna’s city centre and other districts are within easy reach.

The nearby Danube Island offers a wide range of opportunities for relaxation and leisure activities, further enhancing the appeal of this sought-after residential area. The combination of good infrastructure, excellent accessibility and a diverse range of leisure activities makes Brigittenau a popular residential district in Vienna.

Service charges

For the sake of clarity, we would like to point out that, unless otherwise stated in the listing, a commission is payable upon successful completion of the sale, in accordance with the rates set out in the Estate Agents’ Ordinance BGBI. 262 and 297/1996 – that is, 3% of the purchase price plus 20% VAT. This obligation to pay commission also applies if you pass on the information provided to you to third parties. Finally, we would like to point out that we are acting as dual agents and that there is a close family and/or business relationship between 3SI Makler GmbH and the seller.

The drafting of the contract and escrow settlement are handled by the law firm VHM Rechtsanwälte, Fleischmarkt 1, 1010 Vienna. The costs amount to 1.5% of the purchase price plus 20% VAT, as well as out-of-pocket expenses and certification fees. In the event of external financing, the fee increases to 1.8% of the purchase price plus out-of-pocket expenses and certification fees.

Please note that there is a close family or business relationship between the agent and the third party for whom the service is being provided.

The agent is acting as a dual agent.

This text has been translated automatically. No liability is assumed for the accuracy and completeness of the translation. Changes and typographical errors reserved.