Approved by the authorities project of construction a residential building with excellent transport links in the 17th district of Vienna.
5-level building consists of 13 apartments and an underground garage for 12 parking spaces.
The total planned construction area about 1,294 м².
Living area — about 1,108 м².
Size of each apartment is from 45 to 170 м².
Plot of land: 1,005.40 м².
Terraces — 283.8 м².
Balconies — 107.4 м².
Gardens — 384.3 м².
Plan of the house was designed by well-known architects firm Huss Hawlik Architekten. Attic apartments have high ceilings. Penthouse on the roof with direct access from the elevator and infinity pool on the rooftop. For all residents of the house will be available spa — area with sauna, steam bath (size approximately 50 m²). Start of construction is available at any time, the project has already been approved by city government of Vienna.
In 2014 a similar project was implemented on a nearby site. The average cost of apartments is about 6,000 € per m².
Demand on apartments of this type with an excellent location is very high!
Total amount of sales of apartments — € 7,605,953
Income before tax 20% — € 1,290,953
Bank loans at 1.5% rate up to 70% of costs — € 4,420,500
The object is located in the green and exclusive district of Vienna — Hernals. It is bordered with the Vienna Woods. Nearby there is one of the most beautiful places of Vienna — Wilhelminenberg Palace and an observation platform with panoramic view of the city.
Nearby is the famous American International School.
Close to the future construction is located bus stations 46A, 46B and subway U3 Ottakring.
Purchase costs regulated by law
- Transfer tax 3.5%
- Agent commission 3.6% (incl. VAT), for buy-to-let investors 3%
- Registration fee 1.1%
- Legal fees 1.2–2.4% (incl. VAT), for buy-to-let investors 1–2%