Project Presentation

The project Josef-Ruston-Gasse 28 is a new building project in 1210 Vienna. In the course of the project 69 residential units with a weighted total usable space of 3,328m² and open spaces (loggia/terrace/gardens) of 913m² will be built. The apartments will be grouped on four floors around two open inner courtyards. The project has already been granted building permission and 10 apartments have already been sold before the start of construction (Q2 2019). Further reservations have already been made.

The individual apartments are between 36.92 m² and 109.33 m² in size and all have open spaces. Efficiently designed 2-room apartments, which appeal to both owner-occupiers and buyers of investment apartments, make up the bulk of the project (57 of 69 residential units). The remaining 12 units are 3- and 4-room apartments, which are increasingly aimed at couples and families.

Deal Highlights

Attractive interest rates - 6.50% annual payout

Investoren erhalten auf ihr eingesetztes Kapital eine jährliche Verzinsung von 6,50%. Die Verzinsung wird jedes Jahr an die Investoren ausgeschüttet. Das eingesetzte Kapital wird am Ende der Laufzeit von 24 Monaten an die Investoren zurückgezahlt.

Good pre-utilisation

So far, 10 apartments have already been sold, and further apartments are already reserved for buyers.

Experienced project developer

Hart & Hart Bauträger GmbH, under the management of Mr. Jose Hart, has been successfully active on the Vienna real estate market since 2003 and has already implemented over 100 real estate projects.

Rendity Instant Interest - Interest from the 1st day

Investors receive immediate interest from the time they pay in their investment, which is paid out at the end of the subscription period. With the Rendity Sofortzins investors receive interest for their invested capital not only 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 accrued immediate yield interest is paid out to the Wallet after the end of the subscription period.

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 2018" by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high.

Investment Case

For the purpose of partial financing, Cardiometa Research GmbH intends to take out qualified subordinated loans of a maximum of € 750,000.

The borrower is the land registry owner of the property EZ 300 KG 01609 Jedlesee, Josef-Ruston-Gasse 28, 1210 Vienna. In the course of the project 69 residential units with a weighted total usable floor space of 3,328m² and open spaces (loggia/terrace/gardens) of 913m² will be built. The apartments will be grouped on four floors around two open inner courtyards. The aim is to sell the apartments individually at market prices.

Annual distributions:

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

Short term:

The lender receives its invested capital back after the sale of the apartments. According to the plan, this is to take place after 24 months.

Yield immediate interest:

Investors receive interest as soon as the investment is paid in. The immediate yield interest is paid out after the subscription period has expired.

Financials

Land (incl. service charges)
2.128.000 €
Construction costs
9.029.530 €
Planning
366.000 €
General and administrative expenses
722.362 €
Various duties and taxes
1.139.643 €
Marketing and Sales
463.858 €
Total investment
13.849.393 €
Expected sales revenues
15.461.922 €
Project outcome
1.612.529 €

Finance Structure

Location

The 21st district or also called "Floridsdorf" is a district in the north of Vienna and borders in the south and east on the district Donaustadt and in the west on the Danube.

About 158,712 inhabitants live on a size of 44.52 km², which makes Floridsdorf the most populous district after Favoriten and Donaustadt. Floridsdorf, the 21st district of Vienna, is appreciated by its inhabitants because of its good accessibility to the city centre as well as its proximity to local recreation areas, such as the Danube Island and the Old Danube. Despite its large population, Floridsdorf is located in the lower quarter of Vienna in terms of population density. This means that Floridsdorf still has room for redensification and the creation of affordable housing.

Discover the surroundings

Josef-Ruston-Gasse 28 is located in a cul-de-sac between two allotment garden settlements near the New Danube and Vienna's largest and most popular leisure area, the Donauinsel. Here, on the northern edge of Vienna, you can live in green surroundings with an optimal price-performance ratio, without having to do without the good local amenities of the city. Local suppliers are also in the immediate vicinity: the Merkur supermarket, the pharmacy and the general practitioner can be reached on foot in only 7 minutes. In up to 12 minutes walking distance there is also a Spar, LIDL and Billa supermarket. By car, you can reach SCN with a variety of shops in a few minutes. The bus lines 34A and 36A are within 7 minutes walking distance. Public transport to the U6 station Floridsdorf including rapid transit (S1, S2, S3, S4, S7) and long-distance trains takes 18 minutes. A cycle path leads directly past the Gartensiedlung to Floridsdorf or to the riverside path of the New Danube.

Millennium City

With a height of 171 m (building fabric) and a total height of 202 m (incl. roof construction), the Millennium Tower at Handelskai 94-96 in the 20th district of Brigittenau in Vienna was the highest office building in Austria until the completion of DC Tower 1. On 50 storeys it comprises a gross floor area of 47,200 m², of which 38,500 m² are used as office space. The remaining area is generally accessible up to the 2nd floor and is used for a shopping centre, restaurants and a multiplex cinema (UCI), among other things. The Millennium Tower was built between 1997 and 1999.

Old Danube

The Alte Donau is an oxbow lake of the Danube in Vienna. It is located northeast of the New Danube, which accompanies the Danube's main stream, but has no direct connection with it or with the Danube itself. The Alte Donau is an important recreational and bathing area which is close to the city centre thanks to the underground. Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pond. The Old Danube is ideal for water-related recreational activities and on summer days is often used for windsurfing and boating. Along the Old Danube you will find a large number of sailing schools and boat rentals.

Hospital North

The Krankenhaus Nord - also known as Klinik Floridsdorf - was built on the site of a former ÖBB (Austrian Federal Railways) and opened for test operation at the beginning of April 2019. Full operation will start in the summer of 2019 and, according to current plans, its 800 beds will have a capacity for up to 40,000 inpatient admissions, 250,000 outpatient frequencies and around 16,000 surgical procedures. It will occupy a central location in the Vienna hospital landscape.

Shopping City North

The Shopping City Nord - also known as SCN in Vienna and the surrounding area - is a shopping centre with 36,000 m² of floor space and various shops for daily needs. It is currently undergoing renovation work to better meet the needs of tomorrow's shoppers.

Danube Park

The Donaupark is a park of around 604,000 m² in the 22nd district of Vienna Donaustadt. The Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Donaupark, which originally reached as far as Wagramer Strasse, are the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and finally the Copa Cagrana with the Danube Island to the New Danube. In the north, the Danube Park is bordered by the beach resorts along the Old Danube.

Rating

B
CategoryRatingPoints
LocationSecondary
2
VacancyPartially leased
2
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
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

We're doing living. We secure your money. HART & HART develops real estate for people looking for housing and investors. Investors from four continents place their trust in us. More than 1000 satisfied customers recommend us because they are satisfied with their own home. This is backed by 15 years of experience and the expertise of our specialists.

We offer all services and full service from a single source: From the first consultation to the turnkey residential property, we take responsibility. High quality and absolute reliability are the cornerstones of our success. We build your residential or retirement property at a fixed price without risk and commission.

Owner-managed family business

The company is personally and responsibly managed by the owner José Hart. 15 years of experience as a property developer have given him not only extensive expertise as a consultant, but also his good reputation as a man with handshake quality. From the very beginning, he followed the principle of not seeking short-term profit optimization, but rather to focus on long-term success with quality and reliability. 234 completed projects and more than 1000 satisfied customers confirm his path: "We build on trust!

Overall responsibility without risks

We offer the entire range of services necessary on the way to your own property from one source. A contact person will accompany you from the first consultation to the handing over of the keys, or even further on to the management and letting. We take care of the financing, the land register, have all legal matters under control, regulate official matters, supervise all procedures on the construction site. Together with our customers we find the optimal balance between costs, wishes and possibilities. Comprehensive expertise and strict quality control allow us to offer the property and the route to it as a complete package and to take responsibility for ensuring that everything works perfectly.

Solid quality in every detail

Because we think long-term and live on the recommendation of our satisfied customers, high quality is our basic principle. We choose good locations, work together with architects, only build solidly and with high-quality materials. We pay attention to even the smallest details: How thick is the wear layer of the parquet? Are the atrium and basement windows dimensioned so far above the norm that they really let in enough light? Is the kitchen equipped with reliable appliances from quality brands? In order to be able to guarantee our high quality standards in all areas, we only work with companies that have earned our trust over many years.

Hart & Hart Bauträger GmbH