OFF-MARKET – apartment building with significant development potential in 1160 Vienna-Ottakring.
Apartment building at Thaliastraße 69 with approx. 830 m² of existing space. In addition, the current zoning offers potential for a vertical extension of up to approx. 800 m². The ground floor is let and generates an ongoing net annual income of around € 60,000; the upper floors are vacant. An attractive combination of running cash flow and a clear value-creation lever through adding storeys and reactivating the upper floors.
Target group: value-add investors, apartment building developers, family offices with an affinity for development.
Documents (ground-floor lease, feasibility study for the vertical extension, current land register extracts, planning documents) will be provided after signing a non-disclosure agreement (NDA).
NOTE ON MEDIA: The uploaded images show the site plan and surroundings based on OpenStreetMap (© OpenStreetMap contributors, ODbL). Photos of the property and interiors as well as visualizations of the extension project will be provided as part of the NDA process. Measurements and details as stated by the provider, without guarantee. Building data (source: Vienna Open Government Data / GEBAEUDEINFOOGD): building type W3.7 – Gründerzeit corner building, year of construction approx. 1883, 3 full storeys, footprint approx. 391 m², building height approx. 11 m. Zoning: residential area, building class II–III (commercial district). Vienna cityscape protection zone: no. Nearest public transport stop: approx. 26 m (tram Thaliastraße).
Note according to energy certificate draft law: An energy performance certificate has not yet been submitted by the seller or owner, after being informed of the obligation to provide one. Therefore, the energy performance of a building of similar construction type and age is considered. We assume no responsibility or liability for the actual energy efficiency of the property offered.
Please note that there is a close familial or economic relationship between the broker and the client.
The agent acts as a double broker.
Note according to energy certificate draft law: An energy performance certificate has not yet been submitted by the seller or owner, after being informed of the obligation to provide one. Therefore, the energy performance of a building of similar construction type and age is considered. We assume no responsibility or liability for the actual energy efficiency of the property offered.
Please note that there is a close familial or economic relationship between the broker and the client.
The agent acts as a double broker.
1160 Vienna-Ottakring. Very well connected district in the west of Vienna with strong development momentum. Thaliastraße is one of the district's main axes with high footfall (ground-floor commercial potential) and excellent public transport links: U3 stations Thaliastraße/Ottakring in the immediate vicinity, tram lines 2, 9 and 44 as well as numerous bus lines. Local amenities, restaurants and schools within walking distance; the city center can be reached in a few minutes via the U3. In recent years, Ottakring has recorded above-average rent and value growth, particularly in the refurbished and vertically extended apartment building segment.
