The project "Römergasse 35" is a new construction project with a total of 18 residential units as well as the subsequent individual sale and a usable living space of 1,332m². The development project is located in a good location in the 16th district of Vienna and offers spacious terraces and balconies, attractive and contemporary floor plans and a modern facade.
The location of the project is captivating due to its walking distance to Ottakringerstraße. The subway station Ottakring is about 600 m away, the streetcar line 2 next door leads directly to the inner city. Furthermore, the Congress Park as well as various streetcar and bus lines are only a few minutes away.
The project will be realized by the AVI Immobilien Group, which has already started the planning after purchasing the property. The project is characterized by an environment with high development potential and very experienced project developers with an excellent network.
The borrower is the owner of the property with the property address Römergasse 35, in 1160 Vienna. A total of 18 residential units with a usable living space of approx. 1,332m² . The aim is to sell the residential units individually to owner-occupiers or investors after completion of the project.
The acquisition has been made, the planning phase is underway and the building permit is already available.
During the term, the lender will receive an annual distribution of 7.25%.
The lender will receive its invested capital back after realization of the individual residential units. According to the planning, this is to take place after a maximum of 30 months.
The property Römergasse 35 convinces with its central location in the heart of the 16th district. Stores for everyday needs are partly within walking distance. Residents of Ottakring appreciate Ottakring for its multicultural diversity and its urban ambience.
Known as "Balkan Street," Ottakringer Strasse is lined with numerous Serbian cafes. Turkish specialties are offered at the bustling Brunnenmarkt street market. Around nearby Yppenplatz are hip restaurants with outdoor areas on the square. On the western edge of Ottakring, the Vienna Woods beckon with hiking trails and a panoramic view of the city from Wilhelminenberg.
The Brunnenmarkt is Vienna's longest street market and stretches along Brunnengasse from Thalia Strasse to Ottakringer Strasse. On weekdays there are around 40 to 50 stalls at 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 colorful culinary scene has established itself around the Brunnenmarkt.
The Wiener Stadthalle is the largest event center in Austria and among 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. Every year, more than 300 events are held here; from top international acts and the ATP tour stop "Erste Bank Open" to cabaret and musicals, there is something for every taste.
All winter sun worshippers in the 16th district are recommended to visit Yppenplatz and the gastronomic establishments located there. Whether it's breakfast at Dolce Lago, a quick coffee at Café Frida or an after-work Spritzwein at Wirr next to the large window front, the cozy locations are waiting for your visit and, thanks to the adjacent Brunnenmarkt, also provide numerous regional delicacies. But also in the rest of the months you will meet a cool and relaxed atmosphere and delicious offers in the cozy cafes. For more info, check out our post about cafés waiting for your visit in the 16th district.
The Ottakringer Brewery is home to Vienna's brewing tradition and, as such, is an important part of Vienna's culinary culture. The brewery was founded in 1837 by master miller Heinrich Plank after the monastery of Klosterneuburg, the landlord at the time, granted the brewing permit. In 1850, the business was moved to the brewery building that still exists today, and over the following decades it was expanded into a large-scale brewery. In peak years, up to 350,000 hectoliters of beer are produced here.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
AVI Holding GmbH is a joint venture of Michael Albert and Roland Duraku. Mr. Albert is active with several companies for 15 years on the real estate market in Austria and Germany as a project developer & investor. His focus is on the renovation of listed buildings and the construction of new apartments, but also in the commercial real estate segment he was successfully engaged as a developer and investor in the repositioning after a major renovation of a retail park.
Mr. Roland Duraku is also active with his companies 15 for years on the Viennese real estate market as a project developer. He has specialized in the purchase and sale as well as revitalization of apartment buildings and attics. Together with AVI Holding they want to bundle their expertise and create high-quality housing in Vienna.
The projects will be implemented with the support of a network of partners and service providers. AVI Holding accompanies the project from purchase, through planning and finally to completion and sales. The claim of AVI Holding is to create sustainable and value-preserving living with always the highest quality to the satisfaction of the customers.