"MARGRET'S - living pleasure in the heart of Margareten! Close to Naschmarkt and Schlossquadrat!

This extremely well-kept period building in an excellent city centre location offers several attractive residential units for sale. Some of the flats are in very good condition and ready for immediate occupancy, while other units have been extensively refurbished.

The penthouse flats also boast spacious terraces, which create additional open space in an urban environment.

Two of the penthouse flats on offer are rented out for an indefinite period, offering an attractive combination of immediate rental income, long-term planning security and tax benefits.

Neighbourhood

The residential project is in a top location in the 5th district, close to the Schlossquadrat and numerous public transport links:

• immediate proximity to Pilgramgasse underground station, as well as bus lines 12A, 13A, 14A and 59A
• Quick access to the city centre
• Numerous shops for daily needs, as well as pharmacies, shops and restaurants
• The Naschmarkt is just a few minutes' walk away. The location thus offers the perfect balance between big city flair and local recreation area.
• For sports and swimming enthusiasts, the John Harris fitness centre and the Margartenbad are just a 2-minute walk away

The 5th district "Margareten" - especially in this location - is one of the most sought-after residential areas in Vienna. Excellent infrastructure, perfect transport connections and lifestyle characterise the area around the Naschmarkt and the Schlossquadrat. Many multicultural restaurants, designer boutiques and trendy bars and shops invite you to stroll and shop. It is no coincidence that the area around the Naschmarkt is one of Vienna's "favourite addresses".

Stiege 1 Top 35 on the 1st top floor

A classic old Viennese investment flat in an attractive location in the 5th district is for sale. A condominium let for an indefinite period offers an attractive combination of immediate rental income, long-term planning security and tax advantages.

• rented for an indefinite period
• Attractive purchase price for future increases in value
• Regular income immediately after purchase
• current net main rent: EUR 1,342.72 / month
• current yield before ancillary costs of 2.75%
• intrinsic value of the property
• Indexed rent adjustment
• Tax advantages
• Rent in line with the market / increase in yield when the flat becomes vacant
• Prospect of 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, viewings are currently not possible. We will be happy to provide you with further documents on request.

House and neighbourhood

This charming period building was recently partially renovated and boasts a prestigious entrance, a classic staircase and an idyllic inner courtyard. The building comprises a converted attic storey, three standard storeys, a ground floor and a basement, thus combining historical character with contemporary substance.

Vienna's 5th district of Margareten is one of the most sought-after residential areas in the city, especially in this location. The immediate proximity to the Naschmarkt and the Schlossquadrat guarantees a first-class infrastructure, a wide range of restaurants and cafés as well as numerous designer boutiques and trendy bars that invite you to stroll and linger. It is not without reason that this neighbourhood is one of Vienna's most popular addresses.

The public transport connections are excellent: the U4 underground line and several bus routes are practically on the doorstep and provide quick and convenient connections to Vienna's city centre.

Additional costs

The contract is drawn up and handled by the law firm Mag. Schreiber A-1010 Vienna, Schottenring 16. The costs amount to 1.5 % of the purchase price plus 20 % VAT as well as cash expenses and notarisation. In the case of third-party financing, the fee increases to 1.8 % of the purchase price plus 20 % VAT, cash expenses and notarisation.

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

The agent acts as a dual broker.

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