The project "Kaiserstrasse 41" is a comprehensive revitalization and general renovation of the property including an attic conversion in the middle of the 7th district, with a total of nine residential units and seven commercial spaces with a total weighted floor space of approximately 4,300m². The Gründerzeit building has 16 units in its portfolio, of which one commercial space with an area of 1,165m² is rented. Extensive talks have already been held with a grocer. In the course of the attic conversion additional approx. 770m² of living space can be realized. The project is already very well let with several anchor tenants and currently generates a net annual rent of €257,000.
The apartment building is surrounded by all important amenities for daily needs and is excellently connected to the transport network due to its proximity to the subway station Burggasse-Stadthalle (U3), as well as the streetcar lines 5 and 49. The Westbahnhof station is only a few minutes away on foot, and the Mariahilfer Strasse shopping mile is also within walking distance.
The project is being realized by GPH Real Estate Group, which has already successfully obtained the building permit after purchasing the land. Construction will start shortly and the planning has already been completed. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.
The borrower is the registered owner of the property with the address Kaiserstraße 41, 1070 Vienna. The building consists of two interconnected building parts with a total of 16 units in the inventory, with a weighted residential floor space of approximately 4,300m². Through the planned attic conversion, an additional 770m² of living space can be realized. The acquisition of the property has taken place, the planning phase is completed and the building permit is already available. Construction will start shortly.
During the term, the lender will receive an annual distribution of 6.70%.
The lender will receive his invested capital back after realization of the apartment building. According to the planning, this is to take place after a maximum of 24 months.
Neubau is the district where culture and architecture meet Viennese charm. Kaiserstraße 41 is located in the middle of one of the most beautiful residential areas of the 7th district. Neubau is a district of colorful hustle and bustle amidst its coffee house classics and newfangled eateries. Both traffic connections, the subway station Neubaugasse can be reached in 5 minutes on foot, as well as the local supply leaves nothing to be desired by the residents. Mariahilfer Strasse is also particularly well known, with its endless stores, restaurants and cafés.
Nothing is worth more than a good location. The "Kaiserstraße 41" project is located in the immediate vicinity of the Westbahnhof station and the Burggasse-Stadthalle subway station, which means that the city center can be reached in just under 10 minutes. Shopping facilities for daily needs as well as Mariahilfer Strasse are only a few minutes' walk away. For leisure and recreational opportunities, the Dadlerpark is the closest on foot, and out of town is the Auer-Welsbach-Park with the Technical Museum, which can be reached in a few minutes by car.
As the longest shopping street in Europe, Mariahilfer Strasse stretches for almost 4 kilometers, with the so-called "inner Mariahilfer Strasse" running from Getreidemarkt to Mariahilfer Gürtel, where many international brand stores can be found and which is also dedicated as a pedestrian zone in sections. The inner Mariahilfer Straße already functioned in former times as a special shopping street of the imperial and royal monarchy. Monarchy and even today it houses local shops, fashion, furniture, handicrafts and numerous restaurants and cafes. There is almost nothing that you can not find on the colloquially known in Vienna "MaHü". Meanwhile, this has established itself as the center of the young and hip scene of Vienna and impresses with numerous stores, which you can only find in this place. Many historically grown buildings and ornate old buildings adorn Mariahilfer Strasse and create a symbiosis of old and new that is well worth seeing.
Vienna offers sights and opportunities en masse to experience great things. And one thing is for sure: if you like Vienna, you'll love the Museumsquartier. Originally built in 1725 as the imperial court stables, today there are no horses to be found, but there are plenty of cultural and culinary options. You should take enough time to get to know the MQ in all its glory and discover all the corners, steps and platforms!
Today, Vienna's Spittelberg is home to many stores and eateries in addition to typical Viennese Beisln. The markets (Christmas market) at Spittelmarkt are also very popular. In addition, there is the exceptional proximity to the city and an atmosphere that need not fear international comparisons. The most famous Viennese "hill" welcomed in its history already many historical personalities, but also common people and many artists.
The House of the Sea is a former flak tower in the middle of the 6th district, which nowadays serves as a zoo of diverse marine aquariums and terrariums. In the House of the Sea, tropical freshwater and seawater fish cavort alongside fish from the Mediterranean and local waters. Here you can walk through the tubular Atlantic tunnel, watch hammerhead sharks on the 10th floor of the tower and take a closer look at monkeys, crocodiles, giant snakes and tarantulas in the tropical house. Another attraction here is also the magnificent view from the roof terrace, where you can enjoy a magnificent view of the city.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The GPH Real Estate group of companies also includes operationally active subsidiaries, as well as various project or ownership companies, which are either wholly owned by GPH Real Estate, or which have a shareholding structure together with strategic co-investors. Together with its subsidiaries, GPH Real Estate sees itself as a full service provider covering the entire value-added cycle around real estate.