Highlights

• Classic Viennese apartment block in the sought-after 4th district

• Approx. 200 m² of vacant space that can be capitalised immediately with direct potential for value appreciation

• Building authority-approved balcony extensions for several existing flats

• 424 m² of existing property let on fixed-term leases with medium-term scope for development

• 104 m² of permanent space as a solid income base

• Approx. 200 m² of loft potential for high-quality living solutions

• Attractive location between the main railway station, Wiedner Hauptstraße and Freihausviertel district

• Ideal for refurbishment, new lettings, balcony extensions and strategic repositioning

• Clear prospects for value appreciation through vacancy activation and loft conversion

Property description

Schelleingasse 44 offers a clearly defined investment profile in the heart of Wieden.
With a total of around 728 m² of usable space, the apartment building combines solid income with concrete development modules:

The vacancy of around 200 m² can be capitalised immediately and enables short-term value appreciation - whether through refurbishment, new letting or gradual individual realisation.
The portfolio consists of 424 m² of fixed-term rental space and 104 m² of permanently let units, creating a balanced income mix with additional potential through natural fluctuation.

A key highlight: balcony extensions have been approved by the building authorities for the existing flats. This development module significantly increases the long-term rentability, attractiveness and value development of the building - an advantage that is particularly effective in this location.

In addition, the attic of around 200 m² offers a clear medium-term development opportunity for high-quality residential units or penthouses, in line with demand in the 4th district.

The location impresses with its urban infrastructure and immediate proximity to central axes such as the main railway station, Wiedner Hauptstraße and Freihausviertel. This environment guarantees a stable demand for refurbished flats in older buildings and offers strong arguments for the development of high-quality penthouse products.

The overall result is a stringent investment story:
Optimise existing buildings, activate vacancies, implement balcony extensions, develop attics - and strategically exploit the sustainable strength of Wieden.

Features / structure

The property has a classic old building structure with high ceilings and clear, usable floor plans.
Several units are immediately available for refurbishment or upgrading concepts. The balcony extensions, which have been approved by the building authorities, create a valuable design element in the existing building and enable a noticeable increase in the quality of the residential product.

The healthy mix of temporary, permanent and vacant units opens up flexible development strategies - from new lettings and upmarket refurbishment to selective individual utilisation.

The convertible loft offers structural possibilities for modern, high-quality residential solutions.
The location guarantees local amenities within walking distance, excellent public transport connections and a stable demand base for refurbished existing flats as well as for future loft units.

We would like to point out that there is a close family or business relationship between the agent and the third party to be brokered.

The agent acts as a dual broker.

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