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.
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.
During the term, the lender receives an annual distribution of 6.25%.
According to the plan, the lender will receive his invested capital back after a maximum of 24 months.
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.
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.
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 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.
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.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
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