A gem of a period property with development potential on Friedrich-Engels-Platz
Key data
| Address | Friedrich-Engels-Platz 20 - 1200 Vienna |
|---|---|
| Apartment # | 21 |
| Floor | 3. floor |
| Rooms | 1 |
| Orientation | W |
| Type of use | For sale |
| Year of construction | 1900 |
| Property number | 22277 |
Energy certificate
| HER* | 58.86 kWh/m² per year |
|---|---|
| Energy performance | 0.57 |
Costs
| Purchase price | € 154,000.00 |
|---|---|
| Land register entry | 1.10 % |
| Property transfer tax | 3.50 % |
| Running costs | € 89.21 |
| VAT | € 8.92 |
| Monthly total rent | € 98.13 |
| Commission | 3% of the purchase price plus 20% VAT. |
Spaces
| Living space | 38 m² |
|---|
Furnishings
- shower
- tiles
- parquet
- gas
- passenger elevator
- barrier-free
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Description of property
Viennese period property with development potential
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 property 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 properties, 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.
Highlights
- A total of 7 residential units
- 3 flats already refurbished
- 4 flats with development potential
- Attractive location in Brigittenau
- Solid property with potential for value appreciation
- Ideal investment for investors and developers
- Combination of existing properties and development potential
- Passenger lift
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 excellent links 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 transport links and a diverse range of leisure activities makes Brigittenau a popular residential district in Vienna.
Top 21
This one-bedroom flat on the third floor, which is in need of refurbishment, offers an attractive opportunity for anyone wishing to bring their own interior design ideas to life or looking for a property with development potential.
The flat has a functional layout. The kitchen and access to the bathroom and toilet are located in the entrance area. The spacious living and sleeping area forms the heart of the flat and faces the street. Thanks to its open-plan design, the space can be furnished to suit individual tastes and optimally adapted to personal needs.
The current condition provides an ideal basis for a comprehensive refurbishment and allows you to choose the fittings, materials and design entirely according to your own preferences. With the appropriate renovation work, the flat can thus be transformed into a modern and cosy home.
Due to its compact size and classic one-room layout, the flat is suitable for both owner-occupiers and investors who wish to capitalise on its existing potential and enhance the property’s value in the long term.
Please note that there is a close family or business relationship between the estate agent and the third party involved in the transaction.
The estate 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.
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Your inquiry relates to the following property: Friedrich-Engels-Platz 20 - 1200 Vienna - Top 21
Information on commission fees: For the sake of good order, we note that a commission must be paid to 3SI Makler GmbH in the case of a successful transaction in the amount previously specified. The amount of commission is consistent with the provisions of the current Ordinance of the Federal Minister for Economic Affairs on the Professional Ethics and Rules of Practice for Real Estate Agents. The obligation to pay the commission shall also exist 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 brokers and that there is a close familial or economic relationship between 3SI Makler GmbH and the seller.