The property "Davidgasse 6" is an almost fully rented corner apartment building in a good location near Reumannplatz in Vienna-Favoriten. The apartment building comprises a total of 37 units with a total usable floor space of 1,777m². Within the next few years the building will be renovated and revitalized. The project is already very well rented and currently generates a net annual rent of € 145,409. The current average rent of € 6.80 /m² still offers upward potential.
The house is surrounded by all major amenities of daily needs and is excellently connected to the public transport network due to its proximity to the subway station Reumannplatz (U1). The nearby subway station connects the property directly to Karlsplatz, which offers many other transport connections.
Various recreational activities are in the immediate vicinity, and the extensive Wienerberg recreational area can be reached in just a few minutes. Out of town is also the Bohemian Prater, which offers an excellent starting point for local recreational opportunities.
The borrower is the registered owner of the property with the address Davidgasse 6, 1100 Vienna. The apartment building comprises 37 rental units with a usable floor space of 1,777m². In total, annual net rental income of approximately € 146,409 is currently achieved. The owner plans to renovate the building. Within the next few years, the exterior façade and the common areas will also be renovated.
The property was purchased in 2013 using debt and equity. The aim of the crowdinvesting campaign is to partially redeem the equity capital used.
During the term, the lender receives an annual distribution of 4.75%.
The Rendity interest deposit serves as a security for the investors. Before the start of each project, the respective borrower has to deposit an interest deposit in the amount of half a year's interest into a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary safekeeping and may only be used to compensate for interest payments not made or missing capital repayments to the investors.
Davidgasse 6 is in an excellent location and is ideally connected to the public transportation network. A variety of public transportation options, such as the Keplerplatz subway station or Vienna's main train station, are in the immediate and immediate vicinity. Via the nearby Laxenburger Straße, one can reach the Vienna Gürtel in a short time. The city center of Vienna can thus be reached within a few minutes.
More than 30,000 new residential units have been built around the area of the main train station in recent years. The main station has thus had a major impact on Vienna's cityscape. Since the complete opening of the main station in 2015, more than 145,000 passengers pass through here every day, which is why it is considered the busiest station in Austria. In addition to long-distance trains to all of Europe, public transport is also seamlessly integrated into the infrastructure of the main station. Both the U1 subway and commuter trains and streetcars come together at this transportation hub. In addition to local and long-distance transportation, the facility also offers a shopping center with more than 20,000m², which is used not only by travelers and employees in the area, but also by residents and visitors. In addition, a new urban district has been created in the immediate vicinity around the main station, where several thousands of apartments have been built and many jobs have been created by the relocation of many large domestic and international companies. Erste Bank, for example, opened its new campus a few years ago right next to the main station and, appropriately enough, the corporate headquarters of the Austrian Federal Railway are now also located at the new main station. The central station has not only created an important transportation hub, but has also had a lasting positive impact on an entire city district.
The Favoritenstraße shopping street is one of the longest in Austria and offers a wide range of different stores. In addition to traditional family businesses and international chains, a wide range of culinary offerings line Favoritenstraße.
Wienerberg City is a district in Favoriten and, along with Donau City, forms Vienna's largest skyscraper cluster. The former corporate headquarters of Philips Austria was initially built on the site of the former brickworks. Gradually, further skyscrapers were erected, so that today it is seen as a district in its own right. In total, the modern district has about 230,000 m² of total floor space, of which about 130,000 m² is office and retail space. Of the 8 buildings in Wienerberg City, 3 have a height of over 100 meters. A cinema, a shopping center, a hotel and educational facilities round off the offer.
The Wienerberg recreation area in Vienna is a large green space on former brickyard land on the southern slope of the Wienerberg. It is located in the south of the city in the 10th district (Favoriten) between Triester Strasse in the west, Raxstrasse in the north, Neilreichgasse in the east and Otto-Probst-Strasse and Friedrich-Adler-Weg in the south. It is one of the areas acquired by the city government starting in 1955 in a decade-long effort to enable the expansion of the forest and meadow belt to the south and east.
Columbus Center is a small but very fine shopping mall that enjoys great popularity locally. The center on the pedestrian zone Favoritenstraße in the 10th district is characterized by its variety of stores, its location and infrastructure. The Columbus Center offers a successful, relaxed shopping experience in a central and lively part of Vienna.
|Track Record||More than € 250 million developed|
|Duration||36 months or more|
|Existing Bank Financing||Yes|
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