Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
What once served as a production facility for one of the most important furniture manufacturers of the Austro-Hungarian Monarchy is now converted into a prestigious residential building. With consideration for the historical substance, the Epstein House, a jewel of Viennese Art Nouveau architecture, has been given new life in recent years with loving attention to detail.
In a prime location in Vienna Margareten, the imposing, historically significant Mittelzinshaus with a total of around 4,300 square metres of usable space was acquired in March 2013 and has since been continuously renovated and brought up to date. The net rental income at the time of purchase amounted to around € 165,000 p.a. and was increased to € 394,000 p.a. (as of February 2019). After completion of all refurbishment work, the target is an occupancy rate of 100% and an annual net rent of € 450,000.
The 5th district, also known as "Margareten", is located in the heart of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport connections, the fifth district is a district of colourful hustle and bustle amidst its coffee house classics and new modern restaurants. With the "Naschmarkt", this is home to the largest and probably most famous market in the city centre with its special flair of market stalls and international locations. The 5th district of Vienna experienced a special upswing also because of its immediate vicinity to the new central station. In recent years, not only the most modern and largest railway station in Austria has been built here, but also large-scale urban development areas such as the Sonnwendviertel and the Belvedere quarter. Under the efforts of local and international real estate developers as well as the city politics, living space for tens of thousands of people has been created here and large companies and corporations have settled here.
Margareten is the district where culture and architecture meet Viennese charm. Already Bruno Kreisky, Falco and Hans Moser have lived here and it is no wonder, because hardly any other district embodies the versatility of Vienna as much as the 5th district. Schlossgasse 14 is located in the middle of one of the most beautiful residential areas of the 5th district. The underground station Pilgramgasse can be reached on foot in 5 minutes and the local supply leaves nothing to be desired. Especially the proximity to the Naschmarkt, the culinary Mecca of Vienna, makes gourmet hearts beat faster
Originally built by Prince Eugene at the beginning of the 18th century, the Belvedere today houses an extensive garden and a museum of art. The sloping hillside location of the garden was taken as an occasion to dedicate the sculptures on display to the theme of the ascent from the underworld to Mount Olympus, which introduces visitors to Greek mythology. Directly next to the Belvedere, the botanical garden of the University of Vienna, which is open to the public, invites visitors to relax. In the Upper Belvedere, which today offers rooms for artistic and historical insights into historical Austria, the State Treaty of Austria was signed in 1955.
After the unsuccessful attempt to use the Palais Schönburg commercially as a hotel, the palace was completely renovated a few years ago. Especially the architecture and the extensive garden made the Palais, which was built at the beginning of the 18th century by the architect Johann Lukas von Hildebrandt, popular as an event location. Today the baroque jewel shines through its proximity to the centre, surrounded by its magnificent park.
The Naschmarkt is considered the largest inner city market in Vienna. The Viennese Naschmarkt owes its special flair to its mixture of market stalls and pubs, which join together in a snake shape in the middle of the left and right Wienzeile. The Naschmarkt is a well-known Viennese sight and, from a culinary point of view, should not be missed on any exploratory tour.
More than 30,000 new residential units have been built around the area of the central station in recent years. The central station has thus had a strong influence on the cityscape of Vienna. Since the complete opening of the central station in 2015, more than 145,000 passengers have been travelling here daily, making it the most frequented station in Austria. In addition to long-distance trains to all of Europe, local public transport is also seamlessly integrated into the infrastructure of the central station. Both the U1 underground and the S-Bahn and tram lines converge at this transport hub. In addition to local and long-distance traffic, the complex also offers a shopping centre with more than 20,000m².
Tucked away in the historical core of the 5th district, and less than 2 minutes' walk from Magaretenplatz, is the Schlossquadrat, a building complex with a history that goes back to the 14th century. Today the former estate invites you to enjoy and linger. You can quickly escape the hustle and bustle of the city here, through the idyllic Schanigärten of the Schlossquadrat, with a rich selection of culinary delights.
JP Immobilien Group was founded more than 25 years ago by business partners Daniel Jelitzka and Reza Akhavan. It is one of the most active and successful market players in the Austrian real estate industry with a focus on Vienna. It is still owner-managed and therefore completely independent. According to the principle "Real Estate Business is People Business" all customers are personally attended to. The many years of experience, the know-how and the competence of our colleagues stand for sustainable real estate specific solutions for the benefit of our customers. Regardless of whether it is a matter of satisfying a residential need or optimizing the earnings of an entire real estate portfolio.