Commercial property in Vienna, Austria, 175 m²

On sale is a charming property requiring renovation, located in an attractive part of Vienna's 19th district, at the foot of Nussberg.

The object was previously used as guesthouse and operating permission to operate as a placement facility.

The property is located in a historic building built in 1922 and is distinguished by expressive architectural elements, including cross vaults, and also has a private courtyard of about 37 m2.

Main characteristics of the object

• total usable area - about 175 m2

• 5 guest units with separate access

• about 10 beds + 3 folding sofas

• reception and office space

• kitchen, bathrooms and bathroom

• storage

• private courtyard of about 37 m2

• current use as a boarding house / accommodation facility

• technical upgrades in 2015 including electrical wiring, windows, doors, ventilation and electric heating

Location.

The boarding house is located in the area of Nussdorf, in close proximity to the famous Viennese vineyards, traditional wine taverns Heuriger, the Danube and popular recreation areas.

• Nussdorf railway station - about 3 minutes walk

• tramline D

• convenient transport links to the center of Vienna

• shops, restaurants, cafes and everyday infrastructure are nearby

As a result of heavy rains and subsequent flooding in 2024, water damage occurred in the room on the ground floor.

This factor should be taken into account when making an investment decision. The amount of necessary repair and restoration work and the corresponding costs are subject to determination within the framework of technical inspection and professional Due Diligence.

The object is offered for sale transparently, indicating the existing need for repair work.

Investment potential

The existing structure of the facility as a boarding house provides the investor with the opportunity to preserve the current concept of accommodation, carry out the necessary rehabilitation and modernization of the object, as well as bring it to a new level of positioning.

The combination of an attractive location in the 19th district of Vienna, an existing accommodation destination, five separate guest units and the historic architectural character of the building makes this property interesting for investors and professional hotel operators.

Monthly operating costs

Operating costs: €531.03/month

Contingency fund contributions: €519.32/month

VAT 106.21 euro

Total: 1,156.56 Euro

Conditions of sale

Purchase price: €1,400,000

Real estate agency commission: 3% price + 20% VAT

Investment Opportunity

An attractive opportunity for investors and operators to purchase an existing boarding house in one of the most popular areas of Vienna, carry out the necessary repair and restoration work and realize the potential of the facility through its further development and new positioning.

All these data are provided for informational purposes only and are subject to verification on the basis of original documentation, valid permits, technical condition of the facility and relevant requirements of the competent authorities.