Already refunded

Antonigasse 57

Vienna

Return

7% p.a.

Duration

30 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The "Antonigasse" project is located in the street of the same name, a little frequented street in the middle of Hernals - a very popular residential area within Vienna. The existing property is a three-storey Gründerzeit building, which consists of a main and a side wing in the courtyard. In the course of the revitalization, the building will be completely renovated, a passenger elevator will be installed and an attic floor will be added. The new floor plans of the individual apartments will be configured to accommodate sizes between 35m² and 70m², which are in great demand. A total of almost 900m² of living space will be created, divided into 16 residential units. In the attic 2 roof terrace apartments with a view over the city are planned. The property was purchased in autumn 2016. In the meantime the planning activities are well advanced and the construction activities are pre-coordinated. The start of construction is scheduled for summer 2017. Completion is scheduled for autumn 2019. Exploitation will start as early as autumn 2017.

Deal Highlights

Central city location

For years Vienna has been enthroned at the top of the cities with the highest quality of life. The Viennese mixture of cultural offerings, affordability, cleanliness and public transport make the race every year, and Hernals benefits from this, of course. Centrally embedded in Hernals, it is only a few minutes to the next underground station (AKH-Michelbeuern) for the future inhabitants of "Antonigasse" and is only a stone's throw to local suppliers.

Easy usability due to sought-after floor plans

Vienna is growing and especially Hernals is growing. Last year Hernals had an influx of about 1,300 people. In addition, demographic changes are causing almost half of all households to be inhabited by singles. These developments increase the demand for affordable housing. In Antonigasse, apartments with a size between 35m² and 70m² are predominantly being built, with efficient floor plans and upscale furnishings.

Conception and implementation of the project "Antonigasse" by an experienced real estate developer

For over 10 years STH Living has been buying, renovating and marketing real estate. Under the management of the managing director Stefan Hadrbolec, several real estate projects have been successfully completed in Vienna and the surrounding area. In addition, a portfolio of more than 30 residential units has been built up.

High potential for value enhancement

The property was purchased at a price significantly below its value, so there is the possibility of a potential increase in value. The sales prices were set at € 4,000 per m² in the planning, which corresponds to a conservative valuation. A similar project was implemented in the surrounding neighbourhood with average prices of € 4,250 per m².

Attractive interest rates - 7% annual payout

Investors receive an annual return of 7% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid to the investors at the end of the term.

Investment Case

The borrower intends to revitalize a Gründerzeit house at Antonigasse 57, 1170 Vienna in order to create additional living space. A total of 16 residential units will be created, 13 of which will be in the existing building and a further 3 in a residential wing to be built in the courtyard. The property has already been acquired and planning activities are well advanced. The aim is to sell the residential units individually at market prices.

Annual distributions:

During the term of the loan, the lender will receive annual distributions of 7% p.a. at the end of each calendar year. The first distribution will therefore take place in December 2017.

Short term:

The lender receives his invested capital back after the sale of the apartments. According to the plan, this is to take place after 30 months.

Financials

Total cost of land (purchase + incidental costs)
1.206.700 €
Building costs incl. construction of parking spaces
1.472.640 €
Additional building costs
159.000 €
Financing costs
132.315 €
Total investment
132.315 €
Sales revenues
3.226.000 €

Finance Structure

Location

###[Orchestra] Close to nature

Antonigasse benefits from its proximity to local suppliers and recreational areas. The nearest underground station (AKH-Michelbeuern) can be reached in a few minutes. With the extension of the new U5, it will even be possible to travel directly to Karlsplatz by underground in the future.

###Explore the surroundings

AKH Vienna

The Vienna General Hospital is one of the largest hospitals in Europe and the largest in Austria. It has over 2,000 beds and employs almost 10,000 people, about one sixth of whom are doctors. Every year, half a million patients are treated in the wards and 397 outpatient clinics. The AKH is an important pillar of Vienna's health care system. It is also the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. jobs, AKH Vienna represents a special feature for the surrounding residential property market.

Türkenschanzpark

The Türkenschanzpark, named after the second Turkish siege, is a park in Währing. In the middle of the Türkenschanzpark is the Paulinenwarte. The observation tower offers a breathtaking view of Vienna and the Vienna Woods. In 1991 the Turkish Yunus-Emre-Fountain (corner Feistmantelstraße/Dänenstraße) was handed over by the then Turkish ambassador as a token of friendship between Vienna and Turkey. In 1999, a 2,500 square metre leisure world with streetball, beach volleyball, basketball and skate facilities was opened in the Türkenschanzpark. Due to its topography, the Türkenschanzpark is an extremely attractive landscape and, because of its ponds and streams, waterfalls and fountains, is still very popular with the population as a destination for excursions.

You just like men

The probably most famous Viennese confectionery factory has its original production site in Wilhelminenstraße in the middle of Hernals. Since its foundation in 1890 the product range has been constantly expanded, but most people associate the slogan "Manner likes you" with the unmistakable men's wafers. And exactly these are produced here in Hernals by 400 employees in the main factory, which also serves as the company headquarters.

Postsport Club Vienna

And sports fans are not left out either: nearly all ball sports (football, handball, volleyball, basketball, tennis, beach volleyball, squash, la crosse) are represented at the Postsport Verein Wien. a 400-meter running track and several restaurants and bars including sauna and outdoor pool round off the offer. More than 100 parking spaces are available for members and guests in the immediate vicinity.

Rating

C
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageRehab
2
Track RecordLess than €50 million developed
3
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingNo
1
Pre Sales10-20%
2
Total
13
C
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.

Team

STH Living GmbH is a commercial property developer based in Vienna. Our field of activity comprises the entire organisational and commercial handling of construction projects, especially in the area of new buildings and refurbishments. We focus on both commercial real estate and the refurbishment of apartment buildings in up-and-coming, value-enhancing regions. Our tasks include the acquisition, refinement and marketing of real estate in Austria. In this context, we offer our investors/investors attractive returns with a maximum of security.

The personal support by the competent STH team and a cooperation based on trust and openness form the basis for the common success in our local investments.

Our "one stop shop" principle includes all services, from development to handover and marketing. STH Living GmbH benefits in its activities from the management's many years of experience in real estate development and the strong partners, both in construction and financing.

STH-Living

STH-Living