Already refunded

Hietzinger Hauptstraße

Vienna

Return

7.5% p.a.

Duration

30 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

We present our first investment opportunity in the beautiful Vienna district of Hietzing. On the 620 m² large property there are three buildings with a total usable area of 577 m² and 2 garage parking spaces: the main house (corner house Hietzinger Hauptstraße - St.-Veit Gasse), a spacious garage (with workshop) and a "garden house". The property was acquired at a price significantly below the market value and is now being tastefully renovated and extended - of course in compliance with current building regulations - so that the usable floor space can be almost doubled. After the renovation and expansion work has been completed, the individual residential units will be sold.

On the St.-Veit Gasse side, the main building will be extended by about 400 m². The dedication provides for an eaves height of 10.50 m so that the existing old stock can be extended by a full standard storey and an attic. On the ground floor there is a newly renovated business premises (approx. 155 m²), which is attractively rented until 2030. The store is equipped with high-quality furnishings and sells televisions of the German brand Loewe and coffee machines of the Swiss brand Jura. On the 1st floor there is an apartment (125 m²), which was completely renovated in 2004 and is in excellent condition. After a refreshment, this apartment will be available for sale in the short term.

Financials

Land (incl. service charges)
1.989.650 €
Planning costs
531.500 €
Construction costs (including ancillary construction costs)
2.313.600 €
Other costs
192.544 €
Financing costs Bank loan
315.350 €
Gesamt Investment
5.342.644 €
Sales revenues
6.313.500 €
Gross project profit
970.856 €

Finance Structure

Location

Distinguished suburb with a high proportion of green space

In the immediate vicinity of the Klimt villa and only a few minutes from Schönbrunn: Hietzinger Hauptstraße 65 captivates with its excellent location in one of the most beautiful areas of Vienna. Adjacent to the Hietzinger Cottage Quarter with its many elegantly designed avenues and villas, Hietzinger Hauptstraße also benefits from an excellent infrastructure: public transport can be reached within a few minutes' walk (U4 - Unter St. Veit, 60 tram), as well as local amenities such as Spar, Billa, post office or "Westend" pharmacy, or the delicious ice cream shop "Schoko & Fiocco".

Rating

C
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageRehab
2
Track Record€50-249 million developed
2
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales0-9,9%
3
Total
12
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.