Development-Approved Raw Attic – Rooftop Conversion Vienna 18th District

In an attractive location in the 18th Vienna municipal district, an opportunity presents itself to acquire a development property with planning permission, attic conversion and considerable development potential. The property is particularly suitable for project developers, property developers or investment property investors, and offers an excellent starting point for restructuring, renovation, condominium conversion or subdivision into owner-occupied apartments, thanks to the high vacancy rate. A legally binding planning permission exists for the attic conversion. Construction has already commenced, meaning the planning permission remains valid and the project can be implemented without a new submission. Project at a Glance • Planning permission in place • Attic conversion approved • Total residential usable floor area approx. 280 m² • Total outdoor areas approx. 120 m² • Planned units: 4 • Lift approved • No additional parking space obligation Ownership & Rental Situation The building has not yet been converted into separate condominiums and is therefore ideally suited for future condominium conversion or restructuring. The property currently has a very high vacancy rate. At present, only 3 units are rented out, with a further unit becoming vacant later this year. This provides an excellent starting point for: • Project development and sale of owner-occupied apartments • Investment property after renovation • Condominium conversion and individual sale • Rental after renovation • Serviced apartments / short-term letting • Long-term portfolio holding Due to the high vacancy rate, the existing planning permission and the attic conversion, the project can be implemented comparatively quickly.

The surroundings offer excellent infrastructure, very good public transport connections and a high quality of life. The tram lines towards the city centre, several bus lines and the underground line U6 are reachable within a few minutes. • Public transport (tram, bus) can be found in the immediate vicinity (2 minutes on foot).

Through our partnerships with a partner lawyer, notary and a bank, we provide you with the fastest possible processing and can thereby guarantee you an efficient transaction. We offer you the BEST all-round service. We are happy to send you further information by e-mail enquiry. For further information, please do not hesitate to contact Ms Danijela Hoffmann at any time on telephone number +4366488514861 or by e-mail at [email protected].