Top floor apartment near Prater with potential

Development project with existing planning and great potential

Project description

In a desirable and highly central location in Vienna's 2nd district, an attractive attic project is for sale. The project offers an excellent opportunity for developers, investors or private developers to continue and tailor an already started expansion project.

For the property there is already an approved building permit decision for the expansion of a total of four residential units with a planned usable area of around 480 m². The original building permit has expired, but a new application or extension is possible at any time.

The expansion has already begun and is currently at a development status of over 30%.

A total of four residential units are planned:

• Two apartments with approximately 70 m² of living space each
• Two spacious apartments with approximately 170 m² of living space each

Alternatively, there is the possibility to merge the two larger units into a generous loft apartment with around 340 m².

The flexible apartment layout opens up attractive possibilities for owner-occupiers, investors and developers – particularly through the separate monetization of the smaller units.

A lift is already up to the 5th floor. Additionally, each unit has a cellar compartment.

Key data

• Attic project in an attractive, central location in Vienna's Leopoldstadt
• Sale of a started expansion project
• Existing planning documents
• Building permit for 4 apartments
• Planned total area: approx. 480 m²
• Two apartments each around 70 m²
• Two apartments each around 170 m²
• Alternatively, loft apartment with around 340 m² possible
• Flexible usability and utilization options
• Expansion state currently over 20%
• Partially completed works
• New submissions can be made at any time in the simplified procedure
• Lift up to the 5th floor
• Cellar compartment available
• Flexible interior design possibilities

Location description

The location in Vienna's 2nd district convinces with its excellent and especially downtown-close position. The surroundings are among the sought-after urban residential areas of the city and combine excellent infrastructure with a high quality of life.

All daily needs facilities – including supermarkets, shops, restaurants, cafes, schools as well as leisure and recreation opportunities – are in close proximity. Access to the public transport network is excellent and enables quick reach to Vienna's city center as well as all important parts of the city.

The public transport connections are excellent: The subway lines U1 and U2, tram lines 5 and O, and bus line 80A are located in close proximity. In addition, Praterstern offers a direct connection to the S-Bahn network and Vienna's city center.

The combination of urban flair, central location and sustainable value retention makes this site particularly attractive – for both owner-occupiers and investors and developers. Due to strong demand for high-quality living space in a downtown location, the project also offers excellent development potential.

Development potential

This attic project offers the rare opportunity to take over a prepared expansion project with existing planning and complete it according to one's own ideas.

In particular, the following should be emphasized:

• Existing project structure
• Existing planning documents
• Economically favorable starting position
• Flexible interior layout
• Attractive development potential in Vienna city location
• Potential for high-quality residential units
• Attractive marketing opportunities through different apartment sizes

By adapting the interior design, the project can be optimally tailored to current market requirements and living trends.

Note

All information is based on information from the owner or the available documents and is provided without warranty. Changes and errors reserved.

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The broker acts as a dual agent.

Infrastructure / Distances

Health

• Doctor <500m
• Pharmacy <500m
• Clinic <500m
• Hospital <1.500m

Children & Schools

• School <500m
• Kindergarten <500m
• University <1.500m
• Higher School <1.500m

Groceries

• Supermarket <500m
• Bakery <500m
• Shopping center <2.000m

Other

• ATM <500m
• Bank <500m
• Post <500m
• Police <1.000m

Traffic

• Bus <500m
• Underground <1.000m
• Tram <500m
• Train station <1.000m
• Motorway access <2.000m

Angaben Entfernung Luftlinie / Quelle: OpenStreetMap