Already refunded

Erzherzog-Karl-Straße 9

Vienna

Return

6.5% p.a.

Duration

36 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The project "Erzherzog-Karl-Straße 9" is in the immediate vicinity of the Alte Donau. The U1 station Kagran is only a few minutes' walk away and therefore ideally suited for owner-occupiers or for renting.

On the street side, the building consists of two full floors above ground and three attics. In the course of the construction measures 43 modern residential units will be created. All apartments have either open spaces such as balconies, loggias, garden areas or terraces. During the planning stage, special emphasis was placed on well-designed 2-room apartments with a high level of living comfort. Due to the proximity to the local recreation area of the Alte Donau and the first-class infrastructure, the residential building is also suitable as a value investment.

Deal Highlights

Vienna - the metropolis on the blue Danube

For years Vienna has been enthroned at the top of the cities with the highest quality of life. This year again, Vienna's blend of quality of living, first-class cultural offerings, local recreation areas and public transport infrastructure took the top spot in the international study "Quality of Living 2017" by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high.

Quiet with first-class connections

The quiet location not far from Vienna's lifeline, the Old Danube, offers a retreat from the hustle and bustle of city life, yet at the same time is ideally situated for getting to the city centre quickly thanks to the connection to the U1 underground. The Reichsbrücke also offers a direct connection to the Donauinsel and the cultural offerings there.

Attractive interest rates - 6.5% annual payout

Investors receive an annual return of 6.5% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid to the investors at the end of the term.

Conception and implementation of the project by teamneunzehn

The teamneunzehn.at Immobilienmanagement GmbH was founded by Alexander Ringsmuth and his two sons Christoph and Markus in autumn 2010. They have taken an established place in the real estate industry for the last 7 years and as former active soccer players they are playing at the top of the team. With their competent team, Ringsmuth's is the strong partner for all their customers and together they achieve even the often very ambitious goals! Handshake quality, reliability and loyalty are qualities that have often been forgotten in today's world, especially in business life. The team of teamneunzehn, however, combines exactly these qualities with professional competence and full commitment.

Financials

Purchase price (incl. additional costs)
1.255.200 €
Construction costs (including development costs)
4.980.410 €
Additional building costs
547.400 €
Financing costs
411.000 €
Marketing and sales
463.200 €
Total investment
7.657.209 €
Revenues
9.988.360 €

Finance Structure

Location

Welcome to 1220 Vienna

Density and vastness, city and countryside at the same time: Vienna's largest district, the Donaustadt, combines everything that makes urban living in the countryside attractive.

It is impossible to imagine this district without the Danube. The Erzherzog-Karl-Straße benefits on the one hand from its proximity to the Donauzentrum and on the other hand from the short distance to the Alte Donau, which offers ideal surroundings for walkers, joggers or simply residents looking for balance. Once you have crossed the Danube arm, Kaisermühlen at the foot of the Danube Tower offers the Donaupark as an ideal local recreation area that leaves nothing to be desired.

location-map_154758ef1a

Rating

C
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track Record€50-249 million developed
2
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales0-9,9%
3
Total
14
C
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

The teamneunzehn group was founded in October 2010 by the Ringsmuth family and is one of the leading full-service providers in the real estate sector in the provinces of Vienna, Lower Austria and Styria. "teamneunzehn" - the company name was deliberately chosen due to the past of the founders, they come from the football industry and the term "team" is nevertheless characteristic for the philosophy of the company. In Anglicism, the word "team" refers to an association of several people to solve specific tasks and achieve common goals.

Since 2010, we have stood for quality, competence, professionalism, transparency and handshake quality and are your strong partner in all matters concerning your property. Our very well-rehearsed, almost 50-member team supports you in all your concerns and questions and offers in all our departments the know-how and commitment to successfully process and complete your request from start to finish.

teamneunzehn.at

teamneunzehn.at

Christoph Ringsmuth
Christoph Ringsmuth
Markus Ringsmuth
Markus Ringsmuth