Approved Project - Start Immediately! 1,960 m² Usable Area + Terraces + Underground Garage. Demolition Permit Available.

Key data on Austria homes

Purchase Price (€)	3,200,000
Rooms	29 units
Living Area (m²)	1959.54
Plot Size (m²)	566
Usable Area (m²)	1959.54
Basement Area (m²)	n/a
Terrace Area (m²)	37.44
Bathrooms	n/a
Terrace	Yes
Parking Space	20
Garage	Yes
Basement	Yes
Year of Construction	New Construction
Renovation Year	n/a
Condition	First Occupancy
Heating System	Solar Heating
Energy Class	n/a
Operating Costs	n/a

Detailed description of this Austria homes

Property Type and Full Description

This project property with existing structures is located centrally at the border between the 11th and 10th districts. The property is sold including a building permit and submission planning for a project with 29 units on approximately 1,960 m² net usable area. A demolition permit for the existing structure is available. Additionally, two floors of underground garages with 20 parking spaces and around 194 m² of free spaces (balconies and terraces) are planned.

The unique aspect of this residential project:

• Approved project including submission planning!
• 29 units on around 1,960 m² usable area.
• 22 free spaces totaling around 194 m² (balconies and terraces).
• Two floors of underground garage with 20 parking spaces.
• Central location between the 10th and 11th districts.
• Very good transport connections.
• Local suppliers within walking distance < 200m.
• Many large employers and company areas within walking distance.

Location and Environmental Advantages

This approved project is located in an ideal location between the districts of Favoriten (10th) and Simmering (11th) in Vienna. Thanks to the strategically favorable location, you benefit from rich infrastructure, a wide range of educational opportunities, and excellent transport connections. As the capital of Austria and one of Europe's leading metropolises, Vienna has much to offer and is still clear and easy to reach. The districts Favoriten and Simmering are popular residential areas with a variety of green spaces, cultural facilities, and local shops. Life here offers a pleasant mix of urban living and familial neighborhood.

Property Components

The property includes 27 residential units and two commercial premises. The project has a total net usable area of 1,959.54 m² according to the submission planning. Of this, approximately 219.7 m² are commercial spaces on the ground floor, and the remaining approximately 1,739.9 m² are residential areas. Of the 27 residential units, 22 are equipped with free spaces. These have a total size of 194.04 m². The spaces are distributed over a total of 9 above-ground floors (ground floor, 1st to 6th floors, 1st and 2nd attic floors) and are fully accessible by elevator. In the 2nd attic floor, the entire floor is planned with a residential unit. In addition, there is a spacious basement with an underground garage on two floors (1st and 2nd basement floors). Here, 20 car garage spaces are planned and approved in addition to basement compartments.

Usage Possibilities

The property offers a variety of usage possibilities including rental and yield potential. The central location and excellent infrastructure make it an attractive investment opportunity in the Vienna real estate market.

Main Advantages

• Central location in Vienna
• Approved project with building permit
• Large usable area of 1,960 m²
• Two floors of underground parking
• Excellent transport connections

Contact & Consultation

Feel free to call us directly or schedule a personal consultation:
+43 664 73761399

If you're seriously considering the property, we recommend booking a free consultation via the link below.
The consultation is conducted online using the free Zoom video platform.

Schedule Your Free Consultation:

https://tidycal.com/1jgel81/parajdi-immobilien-austria

Additional Purchase Costs in Austria

When purchasing real estate in Austria, please budget for approx. 10–11% in additional costs, including:

• 3.5% property acquisition tax
• 1.1% land registry fee
• 1.8–2.0% legal and notary fees
• 3,6%  buyer’s commission!

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