Two New Resorts Offer a Breath of Fresh Mountain Air for Investors

 

Resort PR - Exterior of the new Mountain Lake Resort - Ötztal

Kristall Spaces AG, the sales and marketing arm of leading British-managed property developer VenturePlus AG is now introducing an innovative apartment layout to the Austrian property market that gives owners the opportunity to maximise their rental returns. The two and three-bedroom apartments at Mountain Lake Resort – Ötztal in the ancient village of Oetz and the Mountain Spa Resort – Paznaun in world-renowned Ischgl will each feature two entrances, allowing owners to let out both sides of their apartment individually as double en-suites, as one would find in a hotel, or remove the configurable dividing walls to let the apartment as a larger getaway to families and groups.

Both projects come with a fully managed rental service when the owners are not using the apartments themselves and, as the service charge is calculated by square metre, the clever interior design means the 65m² to 100m² sized residences will further increase rental income and return on investment.

Simon Atterbury, Executive Chairman of VenturePlus AG comments: “We are seeing average capital growth in Tyrol of 6.2%, Austria’s tourism market continues to grow year-on-year and there is increased demand for this type of accommodation from renting tourists. The Tyrol region has registered a 9.5% year-on-year increase in visitor numbers in the first half of 2016 and thanks to guaranteed skiing from November to May, the Ötztal and Ischgl continue to grow in popularity.”

As a dual-season resort, Oetz offers world-class infrastructure and a wide variety of activities in the summer such as rafting, canyoning, glacier safaris, climbing, mountain biking, tennis, golf and fishing.  It is also home to Europe’s largest outdoor extreme water sports park, Area47 where the latest innovations include ski ramps into water to practice somersaults and even a high altitude wakeboarding lake.

Due for completion in Q2 2018, the Mountain Lake Resort – Ötztal will feature 63 luxury one, two and three-bedroom freehold apartments, with prices ranging from €213,570 to €435,000. Residents will benefit from an onsite à la carte restaurant and bar, a 500m² spa and infinity pool with a natural bathing lake as well as underground parking.  The Acherkogelbahn, a new eight-man gondola ski lift, is located only 100 metres from the apartments, giving access to 80km of skiing, whilst Sölden with its two glaciers and an additional 144km of skiing is only a 25-minute drive away.

The Mountain Spa Resort – Paznaun offers a similar specification and price point and is due for completion in Q4 2018.

As with all Kristall Spaces developments, both projects come fully equipped with furnishings and fittings sourced locally and parquet floors featuring underfloor heating.  The interior themes have an alpine feel with a choice of a modern or traditional finish, combining warm, natural materials with minimalist designs.

Standard features include wireless LAN, intercom access, triple-glazed floor to ceiling windows, Italian ceramics and Hans Grohe bathroom fittings.  Miele kitchens with integrated appliances, cutlery and crockery as well as flat screen Smart TVs are also included.
For more information see www.kristall-spaces.com  or contact Kristall Spaces on Tel: 020 3735 8790


Editors Notes

Kristall Spaces AG is the sales and marketing arm of VenturePlus AG, a leading British-managed property developer with a 20-year track record in Austria and a current pipeline of ski property developments in various stages worth in excess of €140m.

They develop and sell more ski apartments in Austria than any other company and help owners acquire their dream lifestyle investment. They are currently developing property for sale in snow-sure Kühtai, St Anton, the Ötztal, Ischgl, Fieberbrunn, Tux and Berwang.

Kristall Spaces AG is based in Switzerland and has representative offices in London’s Notting Hill. VenturePlus AG draws on its past experience of developing student accommodation in London, care-home and residential property in Austria, Germany, Ireland and the UK, and retail, office, hospitality and logistics projects in the Balkans.

 

Resort PR contacts:

Andre Kappelhoff, P1 Communications – Tel +44 (0)20 8614 7500, Email: andre.kappelhoff@p1communications.com

Vicky Goodall, P1 Communications – Tel +44 (0)20 8614 7503, email vicky.goodall@p1communications.com


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