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26.11.2010

Bank Austria Real Invest brings new freehold apartment project onto market at Huglgasse 26

  • 38 attractive apartments with floor space ranging from 39 to 73 square metres
  • Excellent location with promising development potential in Rudolfsheim-Fünfhaus
  • Outstanding infrastructure and optimal transport links
  • Real Invest tenant pool ensures high and sustained occupancy
  • All-round service for investors

The demand for freehold apartments currently exceeds supply on the Vienna market. After all, real estate is and will remain a trusted investment in material assets, and therefore it is best suited as a way to prepare for retirement or to protect against inflation. This is why Bank Austria Real Invest launched its new freehold apartment project "Huglgasse 26" at the start of November in Vienna's 15th district.  The building on Kardinal-Rauscher-Platz combines outstanding infrastructure with a well-conceived residential concept and optimal transport links. 38 fabulously equipped freehold flats of up to 73 square metres will be constructed here by the end of 2011.

Gerhard Dreyer, chairman of Bank Austria Real Invest: "The successes of recent years and the persistently strong demand for Real Invest freehold apartments have encouraged us to launch more appealing projects in the city centre area. The new building in Huglgasse stands out thanks to its great location in an up-and-coming area that boasts top-class infrastructure. Combined with a sophisticated spatial concept and comfortable furnishings it promises the high standard of living that is customary for Vienna."

Top-class furnishings
Each one of the 38 flats, which range from 39 to 73 square metres, has a balcony or terrace, while the apartments on the ground floor have a terrace and a small separate garden in the grassy inner courtyard. Amongst other things the fine furnishings include quality parquet flooring in all living areas as well as tiles in the wet areas, a modern fitted kitchen, spacious bathrooms and all communication connections such as telephone and satellite TV. The freehold flats planned according to modern spatial concepts meet the latest environmental requirements thanks to the low-energy design.

Outstanding infrastructure and optimal transport connections
Local amenities are ensured by the shops in the direct vicinity – in Märzstraße and Hütteldorfer Straße – as well as by the Meiselmarkt just 5 minutes walk away and the nearby Lugner-City. The reconstruction of the Vienna Western Station into BahnhofCity Wien West to be completed in 2011 will give a further boost to the district. Leisure and entertainment facilities such as the Vienna Stadthalle, the Auf der Schmelz sports centre and the Schönbrunn park are close by, as is medical care at the Kaiserin-Elisabeth Hospital. The ideal links to the public transport network in the immediate vicinity of the building with the stops for the no. 49 tram, the 12A bus route and the U3 underground station mean that both the city centre and the Wien-Mitte hub can be reached quickly and easily. Car drivers can take advantage of one of the 36 parking spaces in the building's own garage.

Optimal service for investors
The experts of Bank Austria Real Invest play an active role in each phase of the project implementation as part of the Real Invest service package, ensuring a convenient "one-stop solution".  Regardless whether we are talking about choosing locations, planning, concepts or construction supervision – Real Invest is always there to support investors. The service package also includes contracting and administration, organising the renting and management as well as the transfer of the rental income. And of course, the documents required for personal tax returns are also prepared if necessary.

Above-average income thanks to tried-and-tested tenant pool
The unique Real Invest tenant pool ensures a steady flow of rental income. In addition to organising first-time renting and re-letting, arranging the property management and offering a tax service, it also provides protection against a complete loss of rent. Splitting the rental income up between flat owners minimises the personal risk of vacancy, and the uniform rental procedure ensures a high occupancy rate of roughly 98 percent. Consequently the average rental income in the Real Invest tenant pool can be significantly higher than comparable figures on the market.

Stable investment for your personal security
Even in economically challenging times the Real Invest freehold apartments offer safety-conscious investors the chance to invest their personal wealth in a way that does not put their assets at risk. Buying a freehold apartment is registered in the land registry, and so the asset is secured. The regular income from the secured rent means freehold apartments are therefore ideally suited for safety-first investors wanting to plan ahead for their retirement.

Bank Austria Real Invest – the freehold flat specialist
Since 1998 Bank Austria Real Invest has successfully implemented 14 freehold apartment projects with a total of 447 flats. These many years of experience coupled with concepts based on comprehensive know-how ensure projects are completed to a high standard. Real Invest freehold apartments have been impressing and convincing investors for years thanks to the average occupancy rate of around 98 percent. Consequently the rental income in the Real Invest tenant pool is significantly higher than comparable figures on the market.


Enquiries: Bank Austria Real Invest GmbH
Gerhard Dreyer, Chairman of the Executive Board, Tel. 01/ 33171 Ext. 75150

 

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