New apartment building, Vienna, Austria

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New apartment building, Vienna, Austria

11,500,000 €
4,965 € /m²
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  • Total area
    2,316 m²
  • Yield
    3.3%
  • Completion in
    2022.II
Details
Property parameters
  • Land area: 795 m²
  • Total apartments: 38
  • Number of parking lots: 16
Financial performance
  • Annual income: 378,508 €

New apartment building in Vienna 16.

Description

The apartment building will include 38 apartments with a total area of 2,316 m² and an underground parkings for 16 cars.

Start of construction is scheduled for Q2 2020.

It is planned to end construction works in 2022 with the subsequent lease of apartments and parking spaces.

Deal type: Forward Deal.

Location

The property is located in Vienna 16, on a street without heavy traffic. All the necessary social infrastructural facilities – shops, kindergartens, schools – are within walking distance. At a distance of 100 meters there are tram and bus stops, it will take you no more than 15 minutes to get to the city center by transport or car.

Ottakring, the 16th district of Vienna, is located on the western outskirts of Vienna. The area is famous for traditional breweries.

The cultural life of the area is concentrated in the vicinity of Yppenplatz and Brunnenmarkt. Famous attraction – castle Wilhelminenberg located at an altitude of 450 m.

Due to its relatively low prices, the area is popular among young families. There are many apartment buildings, there are single-family mansions.

Vienna is the capital of Austria with population of over 1,800,000 people.

Vienna is the 3d city-residence of the United Nations after New York and Geneva. There are the headquarters of such international organizations as OPEC and the OSCE here. Vienna 9 times in a row took the 1st place in the world for quality of life (Economist, 2018).

Public transport is well developed in Vienna, a chain of autobahns and railways connects Vienna with other cities in Austria and Europe. Schwechat International Airport is the largest in Central Europe, with more than 60 airlines from around the world registered, annually serving more than 14 million passengers.

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