Login
Attic Flipping Project for Luxury Apartments in Vienna
A unique investment opportunity - 397 m² of attic space located in an elegant historic building in the heart of Vienna. The property is situated in a quiet, prestigious area just a few minutes from a picturesque park and within walking distance of the metro. A permit for conversion into residential apartments has already been obtained, and the architectural project is fully developed. The concept allows for the creation of several luxury apartments with excellent access to infrastructure and public transport in one of the most stable and sought-after residential areas of the Austrian capital.
Contact the manager
€ 2 857 807
Overview

Technical Characteristics of the Property:

Total attic area: 397 m²

Floor: top (attic level).

Legal status: privately owned; permit for residential conversion already granted.

Project concept: development of high-quality attic apartments.

Condition: raw attic space ready for redevelopment.

Elevator: existing, but requires upgrading / modernization.

Structural features:
– classic brickwork;
– load-bearing walls and roof trusses in good condition;
– potential for installing windows and rooftop terraces as per approved project.

Utilities: main engineering networks connected to the building; connection possible under the project.

Parking: street parking available; rental spaces possible nearby.

Surroundings: historic residential district, well-developed infrastructure, access to public transportation.

 

Financial Parameters:

 

Purchase price: € 643 500

Construction cost (incl. VAT): € 5 404 / m²

Total project cost: € 2 857 807

Planned sale price: € 10 000 / m²

Total projected revenue: € 3 970 000

Expected pre-tax profit: € 1 112 193

Reasons to Invest
1
Approved building permit: the project has already been approved by local authorities, allowing the investor to proceed directly to implementation without lengthy bureaucratic delays.
2
Prime location: situated in central Vienna, in a historic neighborhood surrounded by parks, cultural landmarks, and within walking distance to the metro.
3
High profit margin: upon full execution, the project is expected to generate a profit of over € 1 100 000 within 18 months, equating to a pre-tax ROI of approximately 39%.
4
Prestigious property format: the redevelopment of historic attic space into premium apartments in one of Europe’s most stable and attractive real estate markets makes for a highly liquid and desirable product.
5
Risk minimization: the permit is secured, the architectural project is complete, and the financial model is clearly calculated.
6
Short investment horizon: the project is designed for an 18-month term, with the option of an early exit in case of accelerated sales.
bg
bg
bg
bg
bg
Get Equity
Type of investment project:
restoration and redevelopment for residential use with subsequent sale (flipping).
Country of investment:
Austria.
Property type:
residential real estate. Development/reconstruction project with exit through sale.
nvestment amount:
€ 2 857 807
Project stage:
construction permit obtained; currently in pre-development phase.
Revenue strategy:
fixed profit from the sale of completed apartments (exit-only, flip).
Investment horizon:
18 months.
Projected return on investment (ROI):
38,9%
momentum
Most Momentum
Top 15 in amount raised last 72 hours

Unlock investment opportunities

Receive exclusive investment opportunities directly in your convenient messenger.