APPROVED - Raw attic for 4 attic apartments with terraces

Development opportunity in Meidling – unfinished attic floor with plans for four attic apartments

An unfinished attic floor at Krichbaumgasse 8 in Vienna’s 12th municipal district is being offered for sale, including approved planning permission for the development of four modern attic apartments. The project is aimed at developers, project developers and investors seeking to realize a comparatively compact development with clearly structured units and attractive outdoor areas.

The current plans provide for a total of approximately 310 m² of living space and around 68 m² of terrace space across two attic levels. Four predominantly maisonette-style apartments are planned, with living areas of approximately 63.70 m², 69.03 m², 65.63 m² and 111.43 m². The associated terraces range from approximately 5.65 m² to 28.80 m².

The existing unfinished attic floor is being sold including the approved project and submission planning currently in place. The images contained in the sales documents are visualizations and show a possible execution after completion. They do not constitute a binding description of the fixtures, fittings or execution.

The current market situation also underlines the development potential: comparable new-build and first-occupancy apartments created through attic conversions are currently being marketed in the area surrounding the 12th district at asking prices of approximately EUR 7,500 to EUR 8,500 per m². Based on the current assessment, sales prices of around EUR 7,000 to EUR 7,500 per m² appear achievable, depending on execution quality, fittings, project positioning and market performance.

Further details are available upon request.

The agent acts as a dual agent; an economic relationship is hereby disclosed.

The agent acts as a dual agent.

Mr Manuel Plachner, MSc MRICS, mobile: , email: [email protected], will be pleased to arrange a personal consultation and a viewing appointment.