Attractive Investment Opportunity in Favoriten

Modern living meets long-term added value. The apartments offer optimal conditions – both for owner-occupation and as an attractive investment property – and create the perfect setting for your future home.

Part of the project allows – subject to certain conditions – short-term rental, for example via platforms such as Airbnb. In view of the current legal framework, this represents a rare opportunity that is particularly attractive for investors.

Project description

A high-quality new-build project is currently being developed in a quiet side street between Inzersdorfer Straße and Laxenburger Straße, right in the heart of Vienna’s 10th municipal district.

The residential project comprises 52 modern residential units distributed across two buildings. All apartments feature well-planned, efficient layouts and are already equipped with neutral white fitted kitchens. Most of the units also offer private outdoor areas such as balconies, terraces or gardens.

Features & energy concept

Residents have access to numerous communal areas, including a bicycle room, pram room, hobby room and cellar compartments. An on-site underground garage completes the offering. Connection to the district heating network combined with a photovoltaic system on the roof forms part of the building’s energy concept. The focus in implementing the new-build project is on technical equipment and living comfort:

• Full thermal insulation façade
• Underfloor heating via district heating
• Insulating-glazed windows
• Air conditioning in all attic apartments
• Partial electric external shading
• Security entrance doors
• Fibre-optic connection

Project highlights at a glance

• Quiet, central location near Paltramplatz
• Efficient and modern apartment layouts
• Energy concept with district heating & photovoltaics
• Underground garage and extensive communal rooms
• Very good rental potential and long-term potential for appreciation in value

Location & infrastructure

The location impresses with excellent infrastructure and optimal connections to public transport. Tram line 11 can be reached in approximately 3 minutes on foot and provides a direct connection to several underground lines (U1, U3) as well as the suburban railway. Bus line 7A is also approximately 3 minutes away on foot, while the U1 Reumannplatz station can be reached in about 11 minutes on foot. In addition, bus line 65A provides a direct connection in the direction of Wienerberg City.

Local amenities are excellent: A BILLA PLUS is only a few minutes’ walk away, while further supermarkets and local suppliers are located in the immediate vicinity and conveniently cover everyday needs. For leisure and recreation, the nearby Arthaberpark and Paltramplatz offer attractive green spaces. The Wienerberg recreation area can be reached in a few stops, and the popular Amalienbad is a short journey away. Columbus Center and Favoritenstraße pedestrian zone provide a wide range of shopping, dining and entertainment options. Healthcare provision is also excellent: A pharmacy is within walking distance, and Klinik Favoriten is very well connected by public transport. The offering is rounded off by the family-friendly surroundings, with several schools and educational facilities in the nearby area.

- Some images have been prepared using Virtual Staging to visualise the furnishing potential of the rooms. The furniture is not included in the purchase price. -

Layout:

• Living kitchen with access to the balcony
• Bedroom
• Bathroom with shower, washbasin, toilet and washing machine connection
• Balcony

Costs:

Purchase price: € 244.900,- excl. 20% VAT for investors (€ 274.900,- for end users)
3% of the purchase price plus 20% VAT.

Contact:

For questions or to arrange a viewing appointment, please contact Mr. Benedikt Wawra at [email protected] or on mobile at 0676 316 37 08.