A one-bedroom flat in an older building with plenty of potential in an up-and-coming area

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 enhancement 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 10

This first-floor one-bedroom flat, which is in need of refurbishment, offers a compact yet unusual layout across approximately 30 m², with interesting potential for redesign.

The kitchen and the entrances to the bathroom and toilet are located in the entrance hall. A distinctive feature of the flat is the raised sleeping area built into this space, which features two sleeping areas. This design makes optimal use of the available ceiling height and separates the sleeping area from the main living space. The area beneath the sleeping level remains usable, allowing for efficient use of the available space.

The separate room, which faces the street, can therefore be used entirely as a living area and offers sufficient space for cosy furnishings as well as opportunities for personalised design.

The flat is in need of renovation and offers a good basis for creating a personalised home with a well-thought-out renovation and furnishing plan. In particular, the existing sleeping area makes it possible to make efficient use of the approximately 30 m² and to separate the living and sleeping areas from one another despite the compact size.

Please note that there is a close family or business relationship between the agent and the third party on whose behalf the property is being marketed.

The agent is acting as a dual agent.

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