1140 Wien – Developable Developer Plot near Bahnhof Penzing | GB, Building Class III, closed development

Interesting project opportunity for property developers and project development companies: The approximately 284 m² plot is located only about 200 m from Wien Penzing railway station and is designated as mixed-use building area (GB), building class III (9-16 metres), closed construction.

The existing single-storey building dating from the end of the 19th century is intended for demolition. A positive statement from MA 19 – Architecture and Urban Design is already available: Due to the heterogeneous character of the current cityscape, there is no public interest in preserving the building.

This makes the property particularly suitable for the development of a compact, multi-storey residential project. The micro-location is characterised by excellent public transport connections, with Penzing railway station as well as tram lines 49 and 52. Hietzing U4 station is approximately 850 m away. Grocery shops, services, medical care, kindergartens and schools are located in the surrounding area; Linzer Straße forms an important local supply corridor.

A particular advantage for project developers: A residential complex with twelve apartments has already been completed in the immediate vicinity at PHG15, Pfadenhauergasse 15.

Known project-specific costs: Demolition of the building including oil tank disposal and soil remediation approx. € 40,000,-. According to the information available, the removal of three larger trees requires the planting of 20 replacement trees or payment of a compensatory levy.

An attractive inner-city development site for property developers wishing to realise an efficient residential project in a Penzing micro-location with excellent transport connections.

The broker acts as a dual broker.

Infrastructure / distances

• Healthcare
  • Doctor <500m
  • Pharmacy <500m
  • Clinic <500m
  • Hospital <1,500m
• Children & schools
  • School <500m
  • Kindergarten <500m
  • University <1,000m
  • Secondary school <2,000m
• Local amenities
  • Supermarket <500m
  • Bakery <500m
  • Shopping centre <1,500m
• Other
  • ATM <1,000m
  • Bank <1,000m
  • Post office <1,000m
  • Police <1,000m
• Transport
  • Bus <500m
  • Underground <1,000m
  • Tram <500m
  • Railway station <500m
  • Motorway access <4,500m

Distances as the crow flies / source: OpenStreetMap