Apartment block near U5 Elterleinplatz with quick access to development and top floor option
Key data
| Address | Wichtelgasse 55 - 1170 Wien,Hernals |
|---|---|
| Type of use | For sale |
| Property number | 21503 |
Costs
| Purchase price | € 2,490,000.00 |
|---|---|
| Land register entry | 1.10 % |
| Property transfer tax | 3.50 % |
Spaces
| Living space | 799.57 m² |
|---|---|
| Usable floor space | 999.97 m² |
| Total space | 999.97 m² |
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Description of property
Highlights
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Approx. 1,000 m² total usable space
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Extensive vacancy with clear development prospects
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Portfolio with open-ended existing contracts ("concrete gold") - long-term potential
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Top floor extension potential approx. 336 m² according to submission planning - building permit in preparation
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Ground floor commercial premises with flexibility of use
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Solid residential area near Elterleinplatz with future U5 underground connection
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Very good public transport connections via tram and bus lines
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Development property with structural value creation path
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Purchase price: € 2,490,000 (approx. € 2,490/m² NFL)
Property description
The property at Wichtelgasse 55 is a development building with around 1,000 m² of usable space and a structure that clearly defines refurbishment, rental development and value enhancement. A large part of the space is currently vacant and in need of refurbishment - an ideal starting point for consistent repositioning. The portfolio includes several open-ended existing contracts that offer long-term potential as a stable foundation.
The submitted loft conversion with around 336 m² of additional usable living space further increases the property's attractiveness; the official decision is to be seen as a formal step following an examination of the documents. The location close to Elterleinplatz offers stable residential demand, boosted in future by the U5 underground line. Tram and bus lines in the immediate vicinity ensure very good accessibility. The commercial premises on the ground floor provide additional flexibility, but are not decisive for commercial utilisation.
The property is particularly suitable for developers who want to implement a clear value-added model - from refurbishment to re-letting to possible individual utilisation.
Fit-out / structure
The building is in need of refurbishment and allows for a comprehensive technical and economic reorganisation. Most of the vacant units are worn out and offer ideal conditions for modernisation to current standards. The permanent existing flats form a stable basis for long-term development.
There is a commercial premises on the ground floor with the option of adapting its use. The attic has been planned and offers potential for around 336 m² of additional usable living space. Including the existing building and the extension, this results in an attractive total usable area. The structure of the house is residential-orientated and allows for clear, targeted further development.
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.
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Your inquiry relates to the following property: Wichtelgasse 55 - 1170 Wien,Hernals
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.