Concrete Gold – Attractive 4.5% return! Commercial premises let on an open-ended tenancy – in a prime location in the 3rd district

Hainburger Straße

This magnificent turn-of-the-century apartment block is situated in a popular residential area of Vienna’s 3rd district and captivates with its authentic old-world charm and a wealth of distinctive architectural details. The property comprises five classic standard storeys and two converted attic floors. As part of the attic conversion, not only were new residential units created, but the communal areas were also modernised and a passenger lift installed. The building’s distinctive character is evident both in its elegantly structured stucco façade and in its interior: finely crafted brass banisters, historic stairwells and stylish chandeliers lend the building an exceptional aura.

The location

If you’re looking to combine city life with comfort, practical amenities and a high quality of life, this is the perfect place for you. All the amenities you need for daily life are right on your doorstep: supermarkets, chemists, schools, doctors’ surgeries, cafés and a post office are all within easy walking distance.

The Kardinal-Nagl-Platz U3 station is just a few steps away and takes you directly to the city centre (Stephansplatz) in under 10 minutes. Further transport links are provided by bus route 4A, the Nightline N29 and the Erdberg International Bus Station, which is just two stops away. The A4 motorway provides quick access to Vienna International Airport – ideal for frequent travellers.

As well as offering urban convenience, the surrounding area also impresses with its proximity to nature: the Danube Canal and the extensive Grüner Prater are just a few minutes’ walk away, providing a relaxing retreat right in the city centre.

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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.

Top 4

A commercial property let on a permanent tenancy with a 4.5% yield offers an attractive combination of immediate rental income, long-term planning security and tax benefits.

• 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 735.00 per month
• Current yield before service charges: 4.5%
• Stability of the property’s value
• Index-linked rent adjustment
• Tax benefits
• If the commercial premises become vacant, market-rate rent / increased yield
• Potential for owner-occupation or profitable resale

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

Please note: Due to the existing tenancy agreement, viewings are currently only possible by arrangement with the tenants. We would be happy to provide you with further documentation on request.

The location

The area around Kardinal-Nagl-Platz was significantly enhanced last year by the extensive refurbishment work carried out on the park.

All the shops you need for daily life are in the immediate vicinity, as well as schools, doctors’ surgeries, pharmacies and a post office. The range of dining options also leaves nothing to be desired: whether it’s traditional Austrian cuisine or a diverse selection of international eateries, there’s something for everyone.

The Kardinal-Nagl-Platz underground station is situated right outside the building. The U3 line takes you to Stephansplatz in under 10 minutes. Furthermore, bus route 4A and the Nightline N29 are less than 5 minutes’ walk away.

The “Erdberg” international coach station is just two stops away, and thanks to the motorway slip-road onto the A4, you can reach “Schwechat” Airport in around 15 minutes.

Nature lovers are also well catered for: both the Danube Canal and the leafy Prater are within walking distance.

The building

This magnificent turn-of-the-century apartment block impresses both from the outside and the inside with numerous architectural features, such as a structured stucco façade, intricately detailed brass banisters and magnificent chandeliers in the stairwell.

The property comprises five standard storeys and two converted attic floors.

As part of the loft conversion, a passenger lift was installed and the communal areas were refurbished. The building’s historic character has nevertheless been well preserved.

A highlight of the building is the completely dry cellar compartments, which are a rarity for a building of this age.

There is also a covered bicycle storage area in the inner courtyard and a laundry room available to all owners.

Service charges

For the sake of clarity, we would like to point out that, unless otherwise stated in the offer, a commission is payable upon successful completion of the sale, in accordance with the rates set out in the Estate Agents’ Regulations (BGBI. 262 and 297/1996 – that is, 3 per cent of the purchase price plus 20 per cent VAT or 2 months’ gross rent plus 20 per cent VAT. This obligation to pay commission also applies if you pass on the information provided to you to third parties. There is a close business relationship with the seller.

The drafting of the contract and escrow settlement are handled by the law firm of Dr Rumpf, A-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 case 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 agency is being provided.

The agent is acting as a dual agent.

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