The project "Darnautgasse 5" is a new building project with a total of 26 residential units and 2 business units with a usable residential area of 2,135 m². The development project is in a good location in the 12th district of Vienna and offers generous terraces and balconies. The average living space is between 40 m² and 120 m². On the ground floor and parts of the basement, approx. 550 m² of commercially usable commercial space will be provided for a local supplier. A total of 18 car parking spaces will also be created.
The property is surrounded by all important amenities for daily needs and is excellently connected to the public transportation network due to its proximity to the Meidling train station junction (U-6, S-Bahn, Badner Bahn, bus and streetcar lines). Darnautgasse is also an excellent starting point for individual transportation. Thanks to the various main traffic routes nearby, such as the Gürtel, Tangente, Altmannsdorfer- or Breitenfurter Straße, destinations in and outside the city can be reached easily and quickly.
The borrower is the owner of the property with the address Darnautgasse 5 in 1120 Vienna. The revitalization and addition project comprises a total of 28 units (plus balconies, terraces and business units) with a total area of almost 2,135 m².
The property has been acquired, the planning phase has been completed and the building permit has already been issued. The construction work is well advanced and is expected to be completed by the 4th quarter of 2021. In addition, the sale of the residential units has started, which means that an advance sales quota of 25% has already been achieved.
During the term of the loan, the lender will receive an annual distribution of 6.25%.
The lender receives its invested capital back after the sale and handover of the apartments. According to planning, this is to take place after a maximum of 15 months.
The 12th district is located in the southwestern part of Vienna, the most liveable city in the world. Where history and cultural diversity come together, the beautiful apartment building is located at Fockygasse 50. The location offers everything that makes living in the city dignified and pleasant and also leaves nothing to be desired in terms of infrastructure. Fockygasse 50 has ideal transport connections, and Meidling train station can be reached on foot in 5 - 10 minutes. The airport can be reached by car in about 25 minutes. The center of Vienna can be reached in about 30 minutes. At the same time there are green spaces and leisure activities in the immediate vicinity.
Meidlinger Hauptstraße is not just a shopping street, but rather a meeting place for people who want to enjoy the atmosphere of the district. There is no trace of the hectic pace of the inner districts here. Meidlinger Hauptstraße is the main shopping street of the 12th district of Vienna, Meidling, and today it is mostly a pedestrian zone. The pedestrian zone is wide and spacious and is almost in contrast to the rather low buildings in which the stores are located. The whole thing gives this shopping street a familiar atmosphere and you can still imagine today how life was once like in the old Viennese suburb. Many pubs and restaurants provide culinary variety - most of them are chain restaurants but some culinary pearls, from Viennese cuisine to Vietnamese, can be found at the Meidlinger Markt, for example.
The train station Wien Meidling is the second most important train station in Vienna after the main train station. Meidling station is located about 3 kilometers west of the main station. Further west of Meidling station the long-distance lines branch off to the west and south. All long-distance trains of the ÖBB (Austrian Federal Railways) run between Meidling station and the main station. East of the central station, the long-distance lines branch off to the north and east. This means that all long-distance trains (except those coming from the east which end at the main station) can also be boarded at Meidling station.
Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace and its 160-hectare park are part of the UNESCO World Cultural Heritage. Under Empress Maria Theresia, Schönbrunn Palace attained its present form and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of the First World War. During this period the palace was almost continuously occupied by a court consisting of several hundred persons and became a cultural and political center of the Habsburg Empire. During the Austro-Hungarian monarchy it was also "k.u.k. Lustschloss Schönbrunn". The spacious surrounding park can be used for extensive walks and long runs.
The Wienerberg City is a district in the 10th district of Vienna Favoriten. It is located on the crest of the Wienerberge and forms the largest skyscraper cluster in Vienna, next to the Danube City. According to the concept, the Wienerberg City should be "a modern and new district", which should offer new residential and employment opportunities and with its immediate proximity to the recreational area Wienerberg, should promise a high quality of life to its users and residents. This is to be rounded off by good transport connections.
Hetzendorf Palace is a baroque palace at 79 Hetzendorfer Strasse in the 12th district of Meidling, Vienna, which is the seat of the Fashion School of the City of Vienna. It is located in the southwest of the city not far from the S-Bahn station Wien Hetzendorf on the Südbahn and has a stop for the streetcar line 62 and the bus line 63A. Because of the school's operation it can usually only be visited from the outside.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Duration||Up to 18 months|
|Existing Bank Financing||Yes|
The DEMAX GROUP relies on many years of experience in the field of real estate investments, whose focus is on information-rich consulting for low-risk investments and an above-average return. The Demax Group has succeeded in all matters of the real estate industry, from the planning of projects and financing to the development and - last but not least - the sale of real estate. The existing know-how combined with trust, reliability and sustainability are the cornerstones that make up the Demax Group.