The project "Hetzgasse 19" is a renovation including attic conversion of an imposing apartment building in 1030 Vienna. The existing building comprises 10 residential and 3 commercial units, whereby 3 residential units will be created in the course of the attic conversion. After completion a total floor space of approx. 1,300 m² can be realized.
The property is surrounded by all important amenities for daily needs and is also located at the popular Rochusmarkt. It is only a few minutes' walk to the subway and suburban railroad station Wien Mitte - Landstraße as well as to the shopping center The Mall.
The purchase of the property has already taken place, the building permit has already been submitted and the planning of the project is in full swing. The planned start of construction is in the 2nd calendar quarter of 2022, the planned completion in the 1st calendar quarter of 2024. The project is characterized by a versatile and largely modern environment as well as very experienced project developers with an excellent network.
The borrower is the registered owner of the property with the address Hetzgasse 19, 1030 in Vienna. In the course of the attic conversion, 3 residential units with a weighted living area of 350m² plus terraces and balconies will be built. The acquisition of the property has already taken place, the planning phase is in full swing and the start of construction is the 2nd calendar quarter 2022. All residential units are to be sold individually. It is expected that construction activities will be completed no later than the 1st calendar quarter of 2024.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after the apartments have been liquidated. According to the planning, this is to take place after a maximum of 30 months.
The affluent Landstraße neighborhood, also known as the 3rd district, is home to embassies in elegant palaces, as well as the Baroque palaces of the Upper and Lower Belvedere, connected by a French garden with picturesque views. In the Upper Belvedere you can see Klimt's famous painting "The Kiss". At the traffic junction Wien Mitte is the chic shopping center "The Mall". The Hundertwasserhaus is a colorful home named after the builder; his works are exhibited in the took Kunsthaus Wien.
Nothing is worth more than a good location. The project "Hetzgasse 19" is located within easy reach of the Wien Mitte train station and directly at the U3 and U4 station Landstraße, which means that the city center can also be reached in a few minutes. Shopping opportunities are offered at Rochusmarkt as well as in the nearby shopping center of The Mall. For leisure and recreational opportunities are parks and also the ice skating club in the immediate vicinity, in addition, there is the possibility of walking through the idyllic Belvedere Castle in the immediate vicinity.
The district Landstraße convinces with its contrasts and offers an attractive local scene around the Rochusmarkt, cultural institutions such as the Kunsthaus Wien, the Rabenhoftheater and the Akademietheater, as well as a green space share of about 15 percent, which is also reflected in the structure of the district. Here you will find working class neighborhoods as well as elegant embassy quarters, pulsating commercial streets and modern new buildings - an interesting mixture that is well worth a walk through "the third". You will also discover one or two commemorative plaques: Wolfgang Amadeus Mozart, among others, was temporarily at home here. Ludwig van Beethoven also completed his ninth symphony at Ungargasse 46: the "Ode to Joy" has been known as the European anthem since 1972.
Vienna and its traditional ice skating club, founded as early as 1867, simply belong together and make an unbeatable team during the winter months. Open from October to March, the romantic open-air location has been attracting tourists as well as locals to the ice for over 150 years. Strictly speaking, people have only been skating on the ice at the current location - between the Hotel Intercontinental and the Konzerthaus - since 1901. Before that, the site of the Vienna Ice Skating Club was in the area of the current Wien Mitte train station. In this unique setting, you can skate laps with your loved ones and then warm up again with a hot punch or mulled wine.
With an area of 30,000m2 and 50 stores and restaurants, Wien Mitte The Mall is the largest and most modern shopping center in the heart of Vienna. In the immediate vicinity of the Wien Mitte train station, the Stadtpark, the Ring and St. Stephen's Square, Wien Mitte The Mall is not only excellently accessible by public transport (U3, U4, S-Bahn, streetcar and bus lines) and on foot. Thanks to a parking garage with 470 parking spaces, getting there by car is no problem either. In addition, shopping is possible 7 days a week.
The Rochusmarkt, which is relatively small at around 3,500 m2 , now comprises 40 market stalls and is one of the most visited markets in Vienna. Customers are offered a small culinary oasis. Next to the market, a shopping mile invites you to stroll. The Rochusmarkt used to be a pure flower market. As early as 1192, an important trade route was located on the site of the Rochusmarkt. At the end of the 18th century, the then Augustinermarkt developed there. In 1988, the current market was designed and rebuilt according to a uniform concept.
The Belvedere is not only a magnificent brock palace, but also houses one of Austria's most valuable art collections - with major works by Gustav Klimt, Egon Schiele and Oskar Koschka. Prince Eugene of Savoy (1663-1736), a successful general and art lover, had the Belvedere garden palace built for him by Johann Lukas von Hildebrandt as his summer residence - at that time just outside the city gates. The baroque Gesamtkunstwerk consists of two palaces, the Upper and Lower Belvedere, and today houses Austrian art from the Middle Ages to the present.
The Hundertwasserhaus in Vienna unmistakably bears the signature of artist Friedensreich Hundertwasser, whose civil name was Friedrich Stowasser. The exterior façade of the Hundertwasserhaus in Vienna, decorated with many bright colors, attracts the eyes almost magically. Those who live in the Hundertwasserhaus also have the right to design the facade around the windows according to their own taste. More than 200 trees and shrubs on the balconies and roof terraces make the Hundertwasserhaus a green oasis in the middle of the city. The Hundertwasserhaus can only be visited from the outside. Directly opposite the Hundertwasser House, however, is the Hundertwasser Village, which can be visited. It was created in 1990-1991 from a tire workshop. The artist designed here his only shopping center with a "village square", a bar and numerous stores in the typical Hundertwasser style.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||No|
We are a real estate development company specializing in residential real estate with headquarters in Vienna.
As a family-run company, we not only aim to create living space in the classic sense, but also to build sustainable housing for the next generation. Therefore we invest a lot of time in the planning and implementation of each project and only work with strong and experienced partners who meet our criteria to ensure the high quality of our projects.since our foundation almost 10 years ago, we have specialized in the area of new construction of apartments and single-family homes as well as the renovation of old buildings.
EL-CO Immobilien stands for sustainable living and outstanding quality for well-being - we are already building for the next generation