Concrete gold: Old building flat let for an indefinite period as an investment with a yield of 2.75% - in a top location in the 7th district

This charming residential building, dating from 1900, combines the classic charm of a period property with an urban lifestyle in one of Vienna’s most sought-after locations – right next to Mariahilfer Straße. The property blends historic flair with urban vibrancy and offers an attractive residential and investment opportunity in the heart of the 7th district.

In this lovingly refurbished home, modern living comfort and well-maintained fixtures and fittings blend harmoniously. Following a comprehensive refurbishment, the entrance area and the entire stairwell have been given a new lease of life: refurbished tiles, high-quality flooring and freshly painted communal areas create a welcoming atmosphere. The façade has also been completely refurbished, rounding off the well-maintained overall impression of the building.

A particular highlight is the newly built balconies facing the courtyard. They extend the private living space out into the open air and offer a lovely view of the greenery. As such, they provide a valuable retreat in the heart of the urban environment and enhance the quality of life in the flats.

Particular attention has been paid to preserving the character of the building whilst creating a cosy living atmosphere that meets today’s standards. Whether as a cosy family home or a sound investment – this building offers a wide range of possibilities.

As part of the loft conversion, new flats with living areas ranging from approximately 62 to 149 m² are being created. Terraces and roof terraces provide additional open space and offer attractive views over the city. As part of the loft conversion, the seller has also committed to installing a modern passenger lift.

Please note: To aid visualisation, some of the images in this advert have been virtually staged using artificial intelligence (AI) or digitally edited. The furniture, furnishings and design elements shown are not part of the actual offer and are intended solely to illustrate possible layout concepts.

Location

This historic Viennese apartment block on Burggasse 119 combines culture, stability and quality of life. The location boasts excellent amenities: shops and facilities for daily needs are nearby, as are numerous bars and restaurants and options for evening entertainment. Neubaugasse and Mariahilfer Straße are just a few minutes’ walk away.

In summer, the local bars and restaurants invite you to round off the day with a cup of coffee or an Aperol Spritz on a terrace. In winter, the popular Christmas market at Spittelberg creates a special atmosphere. Let yourself be enchanted by the lively charm of Vienna’s 7th district.

Public transport links:

• Underground: U6
• Bus: 13A, 48A, 57A
• Tram: 5, 6, 9, 49

Come and see for yourself what this high-quality flat in an excellent location has to offer!

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On request, we can also take care of financing, insurance and all other necessary steps.
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A flat let on an open-ended tenancy offers an attractive combination of immediate rental income, long-term planning security and tax benefits!

Top 11 on the first floor

• let on a long-term basis
• Attractive purchase price with potential for future capital appreciation
• Regular income immediately after purchase
• Current net basic rent: EUR 673.52 per month
• Current yield before service charges of 2.75%
• Property value retention
• Future rent adjustments
• Tax benefits
• If the flat becomes vacant, rent will be set at market rates / increase in yield
• Potential for owner-occupation or profitable resale

This property is ideally suited as a medium- to long-term investment with solid potential for growth.

Please note: Due to the existing tenancy agreement, viewings are not currently possible. Should you be seriously interested (in making an offer to purchase), we would be happy to arrange a personal on-site appointment with the tenant and provide you with further documentation on request.

Service charges

For the sake of clarity, we would like to point out that, unless otherwise stated in the offer, a commission will be 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 per cent of the purchase price plus 20 per cent 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 of Mag. Schreiber, A-1010 Vienna, Schottenring 16. 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 third-party financing, the fee increases to 1.8 per cent of the purchase price plus 20 per cent VAT, 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.

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