Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Lienfeldergasse 32" is a revitalization project and general renovation of 5 residential units, 2 studios plus a commercial area in the middle of the 16th district, with a total usable floor space of 730 m². The house is characterized above all by its central location in the 16th district of Vienna with easy access to all important amenities for daily needs as well as many local recreation possibilities. The commercial space in the courtyard has already been let to a long-standing resident company at a monthly net rent of EUR 7 / m², which is customary for the market, and with a 10-year waiver of termination.
A total of 730 m² of weighted usable space including balconies will be completely renovated. The residential units will be built with a special focus on modern and comfortable construction.
The purchase financing of the project has already been secured by debt and equity capital, so that the realisation can take place immediately. The planning phase has been completed and the building permit is expected in a few months. Construction is scheduled to start in 2021 and the sale is planned for spring 2021.
Ottakring is a district in the west of Vienna and borders on the districts of Penzing, Hernals, Neubau and Rudolfsheim-Fünfhaus. Approximately 105,000 inhabitants live on an area of almost 9 km². Ottakring, the 16th district of Vienna, is a former industrial district, which today is appreciated for its multiculturalism and growing urbanity. The diversity of the district is already evident in its topography: the hilly foothills of the Vienna Woods are located in the western part of the district and flatten out further and further into the city. On the Wilhelminenberg there is room for long walks and the Wilhelminenberg Palace, built in imperial style, is also located there.
One finds more urban development the further one moves into the city towards the Wiener Stadthalle. Not only the biggest brewery of Vienna, the Ottakringer Brauerei, but also the longest street market of the city, the Brunnenmarkt, is located here. Locals like to call it "Orient around the corner" and not only use the shopping opportunities, but also the attractive culinary offerings that have settled around the Yppenplatz. Fans of traditional Viennese cuisine will not be disappointed either, as the 10er Marie, the oldest Heuriger in Vienna, has been providing guests with this year's Vienna and local fare since 1740.
The Lienfeldergasse 32 convinces with its central location in the heart of the 16th district. Shops for everyday needs are partly within walking distance. Ottakring residents appreciate Ottakring because of its multicultural diversity and urban ambience. Ottakringer Straße, known as 'Balkanstraße', is lined with numerous Serbian cafés. Turkish specialties are offered at the bustling Brunnenmarkt street market. Around the nearby Yppenplatz, hip restaurants with outdoor areas can be found on the square. On the western edge of Ottakring, the Vienna Woods lure with hiking trails and a panoramic view of the city from the Wilhelminenberg.
The Brunnenmarkt is the longest street market in Vienna and stretches along Brunnengasse from Thalia Strasse to Ottakringer Strasse. On weekdays there are about 40 to 50 stands on the market, while on Saturdays there can be 120. This makes it the second largest inner-city market in Vienna after the Naschmarkt and the largest in Ottakring. A lively and colourful culinary scene has established itself around the Brunnenmarkt.
The Wiener Stadthalle is the largest event centre in Austria and one of the leading event locations in Europe. In total, the Wiener Stadthalle comprises six event venues and a large sports area including a swimming pool and ice rink. More than 300 events are held here every year; starting with international top acts and the ATP tour stop "Erste Bank Open", through cabaret to musicals, there is something for every taste.
Wilhelminenberg Palace, built in the 18th century, is located on the western edge of Ottakring on the Gallitzinberg. Originally conceived as a hunting lodge and summer residence for Prince Demetrius Michalowitsch von Gallitzin, the then Russian ambassador to Vienna, Schloss Wilhelminenberg is now used as a hotel. The extensive park invites to walks with a wonderful view over Vienna.
The Ottakringer Brauerei is home to the Viennese brewing tradition and as such an important part of the Viennese culture of enjoyment. The brewery was founded in 1837 by the master miller Heinrich Plank after the Klosterneuburg monastery, the manor of the time, had granted its brewing license. In 1850, the business was moved to the brewery building that still exists today and was expanded into a large brewery over the following decades. In peak years up to 350,000 hectolitres of beer are produced here.
Fourreal meets the challenge of contemporary space creation with the new construction or revitalisation of high-quality residential properties. When it comes to real material assets, Fourreal is the right contact. Since its foundation, the focus has been on project realisations in inner-city areas as well as on the development of living space in locations with a special quality of life. In addition to project development of upmarket residential properties, Fourreal concentrates on investments in properties for its portfolio. Precise property research and direct, compact planning enable the elimination of intermediate interfaces and thus maximum cost efficiency. Good creditworthiness and financial resources enable quick and flexible decisions.