Project Presentation

The project "Haizingergasse 10" is an extensive renovation of a beautiful old building interest house as well as an addition to the top floor of the property with a total of 5 newly built residential units in the middle of the 18th district. The revitalization project is situated in a good location in the 18th district of Vienna, close to all important amenities for daily needs.

After completion of the construction work, a total of 5 novel residential units with a weighted living area of 553 m² including balconies and terraces will be offered for sale in "Haizingergasse 10". The residential units will be realized with a special focus on contemporary and stylish construction. Special attention is paid to the use of high-quality materials.

The building permit is available and the planning phase is completed. The construction phase is already in full swing and the sale of the apartments will start shortly.

Deal Highlights

Attractive interest rates - 6.50% annual payout

Investors receive an annual interest rate of 6.50% 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 maximum term of 18 months.

Security through guarantee of the parent company

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

Rendity Instant Interest - Interest from the 1st day

Investors receive immediate interest from the moment they pay in their investment, which is paid out after the subscription period has expired. With the Rendity Sofortzins investors receive for their invested capital not only interest for the loan term, but also for the time before. This means that investors also receive interest on their investment during the subscription period. The immediate yield is already paid out to the wallet after the end of the subscription period.

Optimal space utilization & high-quality equipment

Altogether 5 exclusive residential units in an old apartment building are being built with great emphasis on a modern, attractive and contemporary architecture. Special attention was paid to the high-quality revitalized facade and the floor plans optimized for different target groups.

Central location in 1180 Vienna

Haizingergasse 10 is optimally connected from a traffic point of view. The subway station Währinger Straße-Volksoper as well as various streetcar connections are within walking distance. The Kutschkermarkt and Türkenschanzpark are also only a few minutes away.

Design and implementation of the project by DEBO Holding GmbH

The DEBO Holding Group as parent company handles high-quality projects and specialises in residential construction projects such as loft conversions in the inner districts of Vienna or complete refurbishments in sought-after locations. DEBO Holding is the right partner to contact, from property acquisition to the entire construction control process and turnkey handover to the buyer.

Investment Case

For the purpose of partial financing, Debo Dreizehn Immobilien GmbH, a subsidiary of DEBO Holding GmbH, intends to take out qualified subordinated loans of up to € 400,000 .

The Borrower is the registered owner of the residential units in the property with the address Haizingergasse 10 in 1180 Vienna. The borrower is a subsidiary of DEBO Holding GmbH. The development project comprises a total of 5 units (plus balconies and terraces) with a total area of almost 553 m².

The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction has already started and is expected to be completed by Q4 2021.

Annual distributions:

During the term of the loan, the lender will receive an annual payout of 6.50%.

Short term:

The lender receives its invested capital back after the sale of the apartments. According to planning, this is to take place after a maximum of 18 months.

Financials

Purchase price (incl. additional costs)
1.439.100 €
Construction costs incl. fees
1.265.000 €
Company costs
20.000 €
Financing costs
189.400 €
Reserve
70.000 €
Total investment costs
2.983.500 €
Expected sales revenues
4.202.800 €
Estimate profit
1.219.300 €

Finance Structure

Location

Währing is one of the most sought-after and also most expensive residential areas in Vienna. The demand has been consistently high for years - regardless of whether in convenient locations such as the popular Kutschkermarkt or in quiet green areas such as the Währinger Cottage or near the Türkenschanzpark. Overall, there is little new construction activity here. Instead, old buildings are being renovated and extended with modern and high-quality attics.

Währing brings young and old together - this family-oriented atmosphere and the good connections to the inner districts make the 18th district interesting for everyone. They also appreciate the generous green spaces (27 percent of the total area of the district), such as those offered by the Türkenschanzpark or the Pötzleinsdorfer Schlosspark. The Kutschkermarkt is considered the pulsating heart of the district. Its history dates back to the year 1885. With its diverse market stalls and gastronomy offers it is today one of the last street markets in Vienna. While a considerable number of Wilhelminian style houses can still be found near the Gürteln, the so-called "Cottage Quarter" developed in the interior of Währing around 1873, based on the English architecture of the time. Today, many members of the upper middle class are at home in this noble area. Before his death in 1931, the poet Arthur Schnitzler lived at 71 Sternwartestraße for almost twenty years, during which time he created many of his well-known plays, novels and stories.

Discover the surroundings

Nothing is worth more than a good location. The "Haizingergasse 10" project is located in the immediate vicinity of the two subway stations Währingergürtel and Nußdorferstraße, which means that the city center can be reached in just 10-15 minutes. The two local recreation areas Türkenschanzpark and the observatory park offer countless opportunities to escape the hustle and bustle of the city. Especially the Schafbergbad am Schafberg attracts many people.

Türkenschanzpark

In the middle of Vienna and yet in a wonderful natural scenery is the Türkenschanzpark in the 18th district. It is a meeting point for those who are longing for some peace and quiet while walking or simply relaxing, but also for those who are looking for outdoor sports activities. The name of the park derives from the second Turkish siege in the 17th century. There are numerous monuments to discover and especially beautiful are the large ponds and the extensive meadows, when the last sunrays of the day blink through the leaves and turn everything into a rich gold, or in winter they are adorned by a layer of hoarfrost. Those who still want to treat themselves to culinary delicacies can, for example, stop off at the Meierei-Diglas directly in the park.

Carriage market

The history of the market in the 18th district dates back to 1885 and was named after Archbishop Johann Rudolf Kutschker, who is known for his commitment to civil rights and peace. During the last 15 years the Kutschker market has experienced an upswing, which is mainly due to the local people. They have revived the joint project "Grätzl und Markt" with much commitment and love. This has created a meeting place for different generations and cultures, a colorful, communicative oasis where country meets city and pleasures of all kinds. On Friday and Saturday, the market will also be extended further up the road with the regional assortment of the farmers' market. From cereals, fruit and vegetables to organic meat and fish, everything is on offer and there is a lively bustle. The best thing is to simply stroll across the market and let yourself be guided by your own taste.

Schafbergbad

A visit to the Schafbergbad in the 18th district guarantees cooling off and lots of water fun. With an amazing 102 meters, the slide there is also considered the longest slide in town. The queue of waiting people can reach all the way down to the bottom. But we promise: It's worth the effort and you shouldn't miss out on the fun. The Schafbergbad is also absolutely recommendable, spoils you with a view over the whole of Vienna, a large sunbathing area, shady places and is extremely chilly. On the homepage you can check if there are still Corona-conditioned capacities on the sunbathing areas for the respective day.

AKH Vienna

The Vienna General Hospital is one of the largest hospitals in Europe and the largest in Austria. It has over 2,000 beds and employs almost 10,000 people, about one sixth of whom are doctors. Every year, half a million patients are treated in the wards and 397 outpatient clinics. The AKH is an important pillar of Vienna's health care system. It is also the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. Due to the large number of persons.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageRehab
2
Track RecordMore than € 250 million developed
1
Asset TypeResidential
DurationUp to 18 months
1
Existing Bank FinancingYes
Pre Sales0-9,9%
3
Total
11
B
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 DEBO Holding Group is the parent company of high-quality project companies, which was founded as a result of our rapid growth. We specialise in residential construction projects such as attic conversions in the inner districts of Vienna or complete refurbishments in sought-after locations. We take care of everything, starting with the acquisition of the property, through the entire construction control to the turnkey handover to the buyer.

For more than 20 years we have been involved in the development of high-quality real estate projects and look after a worldwide clientele with discretion. Our focus is on the latest developments in technology, design and environmental compatibility. For this reason we are also able to offer the highest level of living quality. The headquarters of the management, project management and customer service is our city centre office at Schottenfeldgasse 72. From the planning stage to the handover of the turnkey property, we provide individual support to each buyer. As an experienced real estate specialist, we take over the entire project development as well as the implementation of all necessary measures.

DEBO Holding GmbH