Project Presentation

The project "Dr. Otto-Neurath-Gasse 5" is an almost fully leased brick ensemble with a good location in Vienna Donaustadt. The imposing brick building comprises a total of eleven units with a total area of over 8,100 m², divided into three components.

The project is already very well leased with several anchor tenants, such as the MA48 of the City of Vienna, and currently generates a net annual rent of €378,000. The current average rent of €3.89 /m2 still offers great potential upwards, in addition, 54 parking spaces can also be leased in the future.

The property is surrounded by all major amenities of daily needs and is located on Stadtlauer Straße, which provides good access to the A23. The stop of the express train as well as the stops of the bus lines 86A, 87A, 95A and 96A are in the immediate vicinity. It takes only 16 minutes to get to Praterstern and thus to Vienna's city center in just a few minutes.

Deal Highlights

Already annual rental income of € 378,000

The project is already very well leased with several anchor tenants, such as the MA48 of the City of Vienna, and currently generates a net annual rent of €378,000. The current average rent of €3.89 /m2 still offers great potential upwards, in addition, 54 parking spaces can also be leased in the future.

Long-term lease with the "heroes of the street" - MA48

The MA48 makes sure that Vienna's streets stay clean. Whether waste management or street cleaning, the MA48 takes care of every problem. The property has been rented for more than 30 years and was recently also very generously renovated. The offices were renovated, air conditioning installed and fire protection ensured.

Attractive interest rates - 6.25% annual distribution

Investors receive an annual interest rate of 6.25% on their invested capital. The interest is distributed to the investors every year. The capital invested is repaid to the investors at the end of the term of a maximum of 24 months.

Security through personal liability of the parent company

There is a liability in the form of a hard letter of comfort in the amount of the loan issued by the parent company Velum Holding GmbH.

Rendity instant interest - interest from the 1st day

Investors receive the Rendity Immediate Interest as soon as they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. Thus, investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Owner and Experienced Stockholder

Behind the borrower is the founder of the Velum Group with more than 15 years of real estate experience in Austria and Germany. With its real estate companies, the Velum Group holds a portfolio of more than 1,000 units.

Investment Case

The borrower is the registered owner of the property with the address Dr. Otto-Neurath-Gasse 5, 1220 Vienna. The City of Vienna as anchor tenant ensures an economically sound and good long-term tenant structure. The building consists of three interconnected parts with a total of 11 units and a rentable area of almost 8,100 m² plus 54 parking spaces. The main tenant of this building has been MA48 for 30 years, which has invested large sums in the development of the office space.

The purchase was made in each case with the use of debt and equity and currently generates an annual net rent of more than €378,000. The aim of the crowdinvesting campaign is to partially redeem the equity invested.

Annual Distributions:

During the term, the lender receives an annual distribution of 6.25%.

Short Term:

According to the plan, the lender will receive his invested capital back after a maximum of 24 months.

Financials

Purchase costs property
6.500.000 €
Purchase - additional costs
400.000 €
Financing costs
314.000 €
Refurbishment costs (planned)
50.000 €
Reserve
100.000 €
Total investment costs
7.814.000 €
Total usable space
8.100 €
Current occupancy rate
99 €
Annual net rental income
378.000 €
Rentable units
11 €
Rentable parking spaces
54 €

Finance Structure

Location

Discover the surrounding area

The 22nd district in Vienna, also known as "Vienna Danube City," is home to a variety of leisure and recreational areas. Particular hotspots of the district include the Alte Donau, the area around Donau-City and the Seestadt Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with enough space for family and sports activities.

UNO City

The Vienna International Centre - more commonly known as "UNO City" - is one of the three official headquarters of the United Nations (UN). Built between 1973 and 1979 according to the plans of Austrian architect Johann Staber, UNO City has become a major economic factor for Vienna. In addition to the approximately 5,000 employees of the UN and its sub-organizations who live here permanently, a considerable number of tourists have come to the city as a result of the regular and numerous conferences. UNO City can generally be seen as a pioneer of the urban development of Danube City; a rather rural area on the outskirts of the city at the time into a metropolitan and international district of Vienna.

Danube Center

Built in 2009, Donauzentrum is a shopping center in Vienna's 22nd district and is within walking distance of Erzherzog-Karl-Strasse. Covering an area of approximately 225,000 m², it houses over 250 commercial, gastronomic and entertainment establishments, making the Donauzentrum (together with the adjoining Donau Plex) the largest shopping center in Vienna. The Donauzentrum is characterized by its extensive shopping offer and is also home to a cinema and numerous restaurants. The shopping center can be easily reached by car and also by public transport - the U1 and various bus and streetcar lines stop directly in front of it.

Donaupark

Donaupark is an approximately 604,000 m² park in Vienna's 22nd district Donaustadt. Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Danube Park, which originally extended to Wagramer Strasse, are the UNO City with the Vienna International Centre and the Austria Center Vienna, and to the south of it the Danube City and the Copa Cagrana with the Danube Island to the New Danube. To the north, the Danube Park is bordered by the bathing beaches along the Old Danube.

Danube Island

The 21-kilometer-long Danube Island is not only the most popular recreation area for the Viennese, but also an unforgettable experience for visitors to Vienna. The Danube Island can be reached from the city center in just a few minutes on the U1 and U6 subway lines. An extensive network of paths invites sports enthusiasts to go hiking, jogging, cycling and skating. Water fun is promised by bathing bays with shallow beaches as well as wild bathing areas, a water slide, a surfing school, a water ski lift and a boat rental.

Rating

A
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageManagement
1
Track RecordMore than € 250 million developed
1
Asset TypeCommercial
1
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
Total
8
A
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

We are professionals for everything that has to do with the purchase of apartment buildings, properties and other real estate. We take our job very seriously and offer first-class support, starting with a non-binding initial consultation and ending with a purchase transaction.

As an owner-managed company, our decisions are not dependent on committees or third parties. You communicate directly with the decision-makers - even the purchase is made directly. We do not act as intermediaries, middlemen or similar.

We use all our know-how as a successful and professional local investor and developer on the Vienna real estate market for you - with the focus on your goal, the rapid and profitable sale of your property.

Last but not least - we believe in fair cooperation; we are in friendly contact with many sellers even years after the purchase.

VELUM GmbH