Return
7% p.a.
Duration
36 months
Project type
Income
Distribution
Quarterly
Notice according to § 12 (2) Vermögensanlagengesetz
This investment involves considerable risk and may result in partial or total loss.The "Linz Centro" project is a portfolio of a total of 6 existing properties and comprises the refurbishment and optimization of the letting of the vacant residential and commercial units in the existing buildings. In total, the project has 48 residential and 8 commercial units and currently has an occupancy rate of 87%. The summed existing space of the 6 properties totals approximately 3,540 m² (total usable space). In addition to their central location in Linz, the existing buildings, which date from the early 20th century, offer individual advantages in terms of history and structural characteristics.
The purchase agreements have been concluded and the issuer is already the owner of all properties. The properties currently generate around € 350,000 in annual rental income. With regard to the optimization of the rental, initial preliminary negotiations are already underway for new leases, tenant changes and corresponding renovation measures.
All properties of the project are located in the inner city of Linz and are largely surrounded by numerous local amenities such as supermarkets, restaurants and leisure facilities. The sites are very well connected to the public transport network thanks to the wide range of bus and streetcar lines, which means that Linz city center can be reached in just a few minutes. Green spaces and local recreational facilities such as the city park and the Danube promenade, which are distributed throughout the city area, are within walking distance and invite you to linger.
With a population of over 200,000, the capital of Upper Austria is Austria's third-largest city and offers a correspondingly large number of sights. The excellent cultural infrastructure with pubs, stores, theaters, museums and much more offers a wide range of activities. Linz is a household name among the people of Linz, having been named European Capital of Culture in 2009. Not only art lovers get their money's worth here, but also nature lovers can enjoy Linz along the Danube, in the parks, in the botanical gardens and in the Pöstlingberg adventure world. In addition to its art and culture scene, Linz also has an important industrial and economic role. Some of Austria's largest companies, such as Voestalpine, Brau Union and Swietelsky, are based in Linz.
Nothing is worth more than a good location. All of the project's properties are located in downtown Linz and are largely surrounded by numerous local amenities such as supermarkets, restaurants and leisure facilities. The locations are very well connected to the public transport network thanks to the wide range of bus and streetcar lines, which means that Linz city center can be reached in just a few minutes. Green spaces and local recreational facilities such as the city park and the Danube promenade, which are scattered throughout the city area, are within walking distance and invite you to linger.
The city center is the oldest part of Linz, the capital of Upper Austria. It also corresponded to the Innenstadt district, which existed from 1957 to 2013. Since the reclassification of the city area in 2014, there is the corresponding statistical district of Innere Stadt, which was somewhat reduced in size at the edges. As the oldest part of the city as well as the city center, the inner city houses a number of sights and public facilities and forms the core of the city both socially and economically. The 6 properties of the project "Linz Centro" are located in the city center of Linz and convince with individual advantages concerning their concrete locations.
From the idyllic Danube to the expansive view of the Pöstlingberg and many historical and artistic encounters, the city of Linz has much to offer. The Danube flows right through the historic old town, whose Danube promenade invites residents to relax and take long walks in equal measure.
Linz Castle towers high above the city of Linz. Gastronomy and a museum are combined in this sight, as is historical and modern architecture. Visitors can experience the natural, cultural and technological history of Upper Austria on more than 18,000 square meters in the castle museum. As Austria's largest universal museum, the Schlossmuseum Linz offers a program for the whole family. In addition to the permanent exhibition, major exhibitions devoted to regional and international themes are held annually. Linz Castle is one of the oldest sights in Linz and the eye-catcher of Linz's historic old town center, which lies just a few hundred meters from the Danube.
The center of the city is formed by the baroque Hauptplatz Linz, which at around 13,200m² is one of the largest enclosed squares in Austria. In the center of the main square is an impressive 20-meter high column, which was completed in 1723. The column, made of white marble, is dedicated to the Trinity and was erected in gratitude for the disasters survived and for protection against conflagration, war and plague. As a marketplace, the main square soon helped the city of Linz to an economic boom. Today, Linz's Hauptplatz is still the venue for a variety of events and markets.
Not the highest, but the largest church in Austria is the Linz Mariendom (Cathedral of the Immaculate Conception). Also known as the "New Cathedral," the church, which is located on Herrenstrasse, has become an integral part of Linz's cityscape. The Mariendom is a haven of peace and an architectural masterpiece. Wonderful stained glass windows adorn the cathedral, which was completed in 1924 and can seat 20,000 people. On a guided tour of the tower, you can experience a breathtaking view of Linz. Special guided tours in the accessible interior gallery at a height of 15 meters open up a fascinating view of the church interior. St. Mary's Cathedral and the cathedral square in front of it are the scene of a variety of events several times a year.
The Lentos Art Museum is located directly on the Danube and displays works of contemporary art. Its impressive architecture dominates the cityscape of Linz. The modern, transparent glass façade makes the Lentos and the Danube glow in bright colors at night. A striking feature is the oversized "picture frame" that breaks through the structure to provide a wonderful view of the Urfahr district and another landmark, the Pöstlingberg.
A trip to the Pöstlingberg is an unforgettable experience, and not just for children. Whether it's the Pöstlingberg Railway, the viewing platform, the photo gallery, the zoo, the pilgrimage basilica or the fairy tale and dwarf kingdom of the Grottenbahn Linz, there's something here for everyone. At the same time, you can enjoy a breathtaking view of the city and the Danube from the Pöstlingberg. The Pöstlingbergbahn Linz, one of the steepest adhesion railroads in Europe, creates with its design a harmonious combination of nostalgia and modernity. In just 20 minutes - starting from Linz's main square - it climbs the city's 539-meter-high local mountain. The cars of the historic Pöstlingbergbahn Linz have been gently modernized. Regardless of whether you take the new train or the nostalgia cars (only in summer) - a trip up the Pöstlingberg is an experience for the whole family.
The brothers Bernhard and Clemens Riha founded their first real estate company over 10 years ago. Today, the family-owned company with 14 employees at its two locations in Vienna and Baden works daily to make residential dreams come true. In the past ten years, they have revitalized over 1,000 apartments in Vienna, Lower Austria, Upper Austria, Burgenland and Styria. The family business is already one of the leading companies in the industry.
As a provider of real estate rental, real estate management, real estate marketing, taking over construction management and organization as well as refurbishment and renovation of existing properties, Gebrüder Riha VermögensverwaltungsgmbH stands for high quality, a wide range of services and many years of experience.