Already refunded

Franz-Glaser-Gasse 30

Vienna

Return

6.5% p.a.

Duration

12 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 "Franz-Glaser-Gasse 30" is located in an attractive green and quiet area in Hernals. Nestled in the hilly foothills of the "Viennese local mountains", you can reach the Vienna Woods in just a few minutes and have access to a local recreation offer that is unusual for large cities. The city is also not far away: with the tram line 43 you can reach the Schottentor in 20 minutes. The extension of the U5 underground line brings Hernals even closer to the city centre.

A modern residential building with a total of 13 residential units and almost 1,300 m² total floor space is being built on the site. All apartments have open spaces and are equipped with garden, balcony and/or terrace. In addition, the future residents will enjoy the benefits of the building's own underground car park with 12 parking spaces, which will be accessed via a curved driveway. The size of the apartments range from 2-room apartments for singles and couples to the attic penthouse, which extends over two floors and offers a breathtaking view.

The property was purchased in 2014 and the building permit has already been obtained. In the meantime, the planning activities are well advanced and the construction work has been pre-coordinated. The start of construction is planned for spring 2018. Completion is expected in winter 2019. The sale of the apartments will start at the beginning of 2018.

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.

Easy sale due to high demand

Vienna is growing and especially Hernals is growing. Last year Hernals had an influx of about 1,300 people. One of the reasons for this is that more and more people want to live in the city but still in the countryside. The project "Franz-Glaser-Gasse 30, 1170 Vienna" combines the best of two worlds with the ideal location on the Heuberg, part of Vienna's local mountains, which are a popular recreational area.

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.

Already approved for building

For the project "Franz-Glaser-Gasse 30, 1170 Vienna" a legally binding building permit has already been issued. For the project this means that the complete submission planning has been completed and no time delays can occur with regard to the building permit.

Design and implementation of the project by experienced real estate developers

TELVI Immobilien Management und Entwicklung GmbH was founded in 2011 and is an independent property developer based in Vienna. Under the management of master builder DI Valery Taritsyn MBA, real estate projects are carried out in Vienna, both in the revitalization and development sectors.

Financials

Purchase price land (incl. additional costs)
2.600.000 €
Construction costs
3.500.000 €
Implementation planning/processing/construction supervision
250.000 €
Additional building costs
76.125 €
Financing costs
195.000 €
Marketing and sales
56.250 €
Total investment
6.677.375 €
Revenues
7.538.878 €

Finance Structure

Location

Welcome to 1170 Vienna

The Franz-Glaser-Gasse is in the best green area at the Heuberg in Hernals. Heuberg (17, Dornbach), is part of the Kahlengebirge, and with 464 meters above sea level the highest elevation of the 17th district of Hernals. The surroundings combine the best of two worlds: on the one hand, the local recreational facilities of the Vienna Woods, and on the other hand, the city is not far away either, as you can reach the Schottentor in 20 minutes by tram line 43. With the extension of the underground line U5, Hernals is moving even closer to the city centre.

Discover the surroundings

Pötzleinsdorf Castle Park

The Pötzleinsdorf castle park presents itself as one of the most beautiful excursion destinations in Währing. The large sports, play and sunbathing area is particularly popular. Already since the 1980s there has been an animal enclosure in the Pötzleinsdorf castle park. In November 2013 the new, enlarged and modernised animal enclosure for sheep and goats was opened. On a fenced-in green area of around 2,000 square metres there is now enough outdoor exercise for the animals (source: www.wien.gv.at).

Sheep mountain bath

The Schafberg is a 390m high mountain that has formed the border between the districts of Hernals and Währung since the 19th century. From the Schafberg one has a fantastic view over Vienna. It is no coincidence that the Schafbergbad was built here. The public swimming pool extends over a large area and with its 4 spacious pools it appeals to both sports swimmers and families in the summer months.

Sports Centre Marswiese

Not far from Franz-Glaser-Gasse 30, a few minutes by car or bicycle, you can reach the Marswiese sports centre on the edge of the Vienna Woods. With its 9 tennis courts, a climbing hall with 2,217m² and 16m climbing height, two football pitches and a 900m² multipurpose hall, the centre makes sportsmen's hearts beat faster.

Wilhelminenberg Castle

Wilhelminenberg Palace, built in the 18th century, is located on the western edge of Ottakring on the Gallitzinberg. Originally conceived as a hunting lodge and summer residence for Prince Demetrius Michalowitsch von Gallitzin, the then Russian ambassador to Vienna, Schloss Wilhelminenberg is now used as a hotel. The extensive park invites to walks with a wonderful view over Vienna.

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 company Telvi Immobilien Management & Entwicklung GmbH was founded in 2011. QUALITY is TELVI's first priority in the creation of housing. To live out CREATIVITY is one of its premises. They seek inspiration, work with imaginative partners and realise ambitious living dreams. Designing them with sensitivity and a demand for originality is their greatest pleasure. SAFETY is the substrate for all TELVI's space creation projects and is decisive for the selection of projects. Compliance with safety regulations is a must, correctness and reliability in the use of resources are a matter of course for them.

TELVI Immobilien

TELVI Immobilien

Valery Taritsyn
Valery Taritsyn