Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
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.
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.
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.
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.
###[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
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.
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.
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.
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.
|Track Record||Less than €50 million developed|
|Existing Bank Financing||No|
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.