Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Am Tabor" is an almost fully let apartment building in a central location in 1020 Vienna with the address Am Tabor 20-22. The imposing apartment building with a total of 176 rentable units plus car parking spaces extends over four buildings. With its almost 12,000m² it is one of the largest apartment buildings within the second district in Vienna.
The second district has been profiting for years from a strong economic and social upswing, which is reflected in the settlement of local and international companies as well as modern educational institutions such as the Vienna University of Economics and Business Administration. In the immediate vicinity, the Austria Campus office location was recently opened, which serves, among other things, as the seat of the Vienna Chamber of Commerce and as the headquarters of Bank Austria.
The property "Am Tabor" is surrounded by all the important amenities of daily life and has excellent connections to the public transportation network due to its proximity to the Praterstern traffic junction (underground lines, Westbahn, regional trains, public transport). By car, you can reach the city centre of Vienna in a few minutes and at the same time quickly reach the Danube bank motorway. Important local recreation areas like the Vienna Prater and the Augarten are within walking distance.
In 2019 the property was acquired by one of the largest insurance companies in Austria. The previous owner has maintained the property continuously and professionally, and no major maintenance measures are planned at this time. Currently, the annual net rental income amounts to approximately € 837,000 with an occupancy rate of approximately 90%. It is expected that rental income can be further increased by reducing vacancies and new leases due to the strong demand for residential space. The careful management of the "Am Tabor" property is carried out by WINEGG Realitäten GmbH's in-house asset management team, which is characterised by decades of real estate experience and excellent market knowledge, especially on the Vienna market.
The Leopoldstadt has been experiencing a massive upswing for some years now, which is noticeable in many ways: from an economic point of view, a very successful settlement of well-known companies such as Bank Austria, SAP, Samsung, Raiffeisen Bank or OMV has been achieved. In the immediate vicinity, the Austria Campus office location was recently opened, which functions, among other things, as the headquarters for the Vienna Chamber of Commerce and Industry and as the headquarters of Bank Austria. This increased demand for well-trained employees is partly covered by the higher educational institutions in the middle of Leopoldstadt. A few years ago, the Vienna University of Economics and Business Administration opened its doors to more than 21,000 students from Austria and abroad. It is one of the largest business universities in Europe. In addition, a number of private universities (Webster, SFU) complement the educational offerings. These developments explain the positive migration balances of recent years and also aroused the need for high-quality housing. Last year alone, Leopoldstadt grew by 1,175 people, which in turn led to increased demand on the housing market.
Nothing is worth more than a good location. The project "Am Tabor 20-22" is located in the immediate vicinity of the two underground stations Praterstern and Taborstraße, which means that the city centre can be reached in just under 10 minutes. The two extensive local recreation areas Augarten and the Vienna Prater offer countless possibilities to escape the hustle and bustle of the city. Especially the Jesuit meadow in the Prater attracts many people, as this former floodplain invites to relax. Also in the 9km² large Prater area is the Würstelprater, which is popular with young and old alike, with countless attractions and rides.
The Augarten, with its iconic anti-aircraft tower, is a park open to the public with the oldest baroque gardens in Vienna. In addition to a well-kept parterre garden with lavish floral landscapes, the Augarten also offers a spacious area interspersed with shady avenues of chestnut trees, armour, lime trees, ash trees and maple trees, providing space for recreation and sports activities for the local population and tourists alike. The plain concrete tower from the Second World War, which is located in the park, is now closed to visitors, but offers a contrasting beauty to the rest of the well-kept Augarten and is now part of the Viennese cityscape.
The Praterstern is home to several underground lines as well as regional trains, making it one of the most important public transport hubs in Vienna. The Praterstern railway station, which was only rebuilt or largely rebuilt in 2008, is a huge multi-lane roundabout that connects seven streets. It serves the inhabitants of Vienna's second district as a public transport connection to the city centre and at the same time as a local supplier with countless shops for daily needs.
The area of the Wiener Prater, which covers more than 9 km², includes an amusement park, the so-called Würstelprater, several water bodies and a huge recreational area. The area belonging to the Prater, once floodplain of the Danube, has been documented since 1162. At the end of the 20th century, numerous investments were made in the infrastructure of the Prater. The Jesuit meadow was converted into Vienna's largest playground with a toboggan hill and a winter snow-making facility.
For more than 100 years, the Vienna Giant Ferris Wheel has been turning at the entrance of the Prater. The Giant Ferris Wheel is both a sight and a landmark of Vienna. A curiosity of the Wurstelprater is the Republic of Kugelmugel, whose only inhabitant proclaimed a separate state in 1970, as his house was a sphere, whereby the contact surface is only one point. Since a point has no spatial extension, he was of the opinion that he is in a state free area.
In summer, the residents of the apartment building benefit from its proximity to the artificially raised Danube island, as it is not only part of the flood protection, but also one of the most important local recreation areas of Vienna and Klosterneuburg. It is an artificial island up to 250 m wide between the Danube and the New Danube and has a lot to offer for people, animals and plants. The Danube Island is a popular cycling route and is also ideal for water-related leisure activities and offers Viennese people their own water ski lift.
Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pile. Along the old Danube, there are also a number of sailing schools and boat rentals. The dammed part of the Danube is used extensively by the Viennese in summer for cooling off.
WINEGG stands for architecture, aesthetics, quality, solidity, sustainability and safety. The company thinks long-term and designs top-class quality properties in the best locations, so that future generations can leave more behind.
WINEGG Realitäten GmbH was founded in Vienna in 1998. Since then, the company has made a name for itself as a forward-looking investor, developer and quality-conscious property developer that is widely respected. The company's vision: to keep an eye on reality and yet plan for the long term. So that future generations can also build their lives on a secure foundation.
From the very beginning, one of the company's specialities has been increasing the value of old buildings. Good substance and best location are the selection criteria.
Today, WINEGG has also gained a top position in the field of revitalizing old buildings, loft conversions & new building development. And has extended its commitment not only to Vienna and Austria but also to Germany (including Berlin, Leipzig & Dresden): Numerous properties, both in the area of old building development and in the area of new housing developments, have already been successfully completed.