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Apartment house project with its own spa-zone near the forest in Vienna's 17th District — Hernals

6,605,000 €
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Total area: 1,294 m²
  • Land area: 1,005 m²
  • Number of parking lots: 12
  • Total premises: 13
  • Development

It is an investment opportunity to construct an apartment building.

Description

The total area of the future house is 1,294 m², residential area of 1,108 m².

There will be 13 apartments ranging from 45 to 170 m², such apartments are in high demand in Vienna.

The house plan was developed by famous architects. A similar project has been realized on the neighboring plot in 2014.

The construction may start any time, the project has already been approved by Vienna state authorities. Construction period is 2 years.

Features

  • All apartments with open spaces (balconies, terraces, gardens).
  • Green forest views.
  • The attic floor will have equally high ceilings due to the construction method.
  • Penthouse with elevator directly into the apartment, as well as the infinity pool on the rooftop of the house.
  • All apartments are single storey.
  • The spa-zone with sauna, steam bath. The total area is approx. 50 m², it will be available for all residents.
  • Underground garage for 12 spaces.
  • Modern architecture and high-quality materials.

Financial performance

The projected total selling price of apartments is 7,605,953 €.

Estimated profit is 1,000,910 €, of which 600,546 € is investor's profit.

Location

The plot is located in the luxurious green district of Vienna, on the border of the Vienna woods. There is one of the most beautiful places in Vienna nearbe: Wilhelminenschloss Palace, there is also a panoramic deck overlooking the city.

American International School is in the close proximity of the area.

Public transport and metro are in minute availability.

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%

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Natalya Latikova
Natalya Latikova
Real Estate Expert Tranio in Hernals
+44 20 3608 1267
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