Project Presentation

A total of 12 upscale residential units and 1 commercial space are being built in the middle of the 6th district, centrally located and in the immediate vicinity of all important hotspots, just a few metres away from Mariahilfer Strasse and the Naschmarkt.

The elegant residential units are being built in a high-quality renovated old building and impress with their generous room layouts, which range in size from 70 m² to 110 m². In addition, there is a modern attic conversion (two residential units), which takes into account all the amenities of contemporary construction. Comfortable materials make living and living here a special experience in the heart of the beautiful 6th district.

Deal Highlights

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.

Central location

Magdalenenstraße is optimally connected in terms of traffic. The underground station Kettenbrückengasse (5 minutes on foot) and various bus and tram connections (2 minutes on foot) are within walking distance. Local recreation areas such as the Burggarten or the Resselpark are just a few minutes away.

Attractive interest rates - 5.5% annual payout

Investors receive an annual interest rate of 5.5% 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 term.

Conception and implementation of the project by WINEGG

WINEGG's guiding principle: Creating lasting values for generations. WINEGG stands for good substance and best location. WINEGG Realitäten Gesellschaft m.b.H was founded in Vienna in 1998. Since then, the company has made a widely respected name for itself as a forward-looking investor, developer and quality-conscious property developer. The company's vision: to keep an eye on reality and yet plan for the long term. So that future generations can also build their lives on a secure foundation. From the very beginning, one of the company's specialities has been increasing the value of old buildings. Good substance and best location are the selection criteria. Today WINEGG has also gained a top position in the field of new building development. And has extended its commitment to Berlin in addition to Vienna and Austria: Numerous properties, both in the area of old building development as well as in the area of new housing developments, have already been successfully completed.

Financials

Purchase price property
3.336.000 €
Total construction costs
3.251.000 €
Financing costs
7.450.214 €
Additional financing costs
575.000 €
Marketing and Sales
249.000 €
Total investment costs
7.411.000 €
Revenue
8.891.000 €

Finance Structure

Location

Welcome to 1060 Vienna

The 6th district lies in the heart of Vienna, the most liveable city in the world. Where history and cultural diversity come together, the revitalized old building is located at Magdalenenstraße 22, a location that offers everything that makes living in the city dignified and pleasant and also leaves nothing to be desired in terms of infrastructure. Magdalenenstraße has ideal transport connections, the underground station Kettenbrückengasse (5 minutes on foot) and various bus and tram connections (2 minutes on foot) are within walking distance. Mariahilfer Straße, Naschmarkt or Haus des Meeres - all of these can also be reached on foot in just a few minutes. To the south-east, Vienna's Schwechat Airport is only a 25-minute drive away; to the north, numerous recreational areas including vineyards and wine taverns can be reached.

Discover the surroundings

Mariahilfer-Strasse

As the longest shopping street in Europe, Mariahilfer Strasse stretches over a length of almost 4 kilometres, whereby the so-called "inner Mariahilfer Strasse" leads from the Getreidemarkt to the Mariahilfer Gürtel (Mariahilfer Belt), on which many international brand shops can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Strasse already served as a special shopping street of the k.u.k. Monarchy and even today it is still home to local suppliers, fashion, furniture, crafts and numerous restaurants and cafés. There is almost nothing that cannot be found on the "MaHü", which is colloquially known in Vienna. Meanwhile, it has established itself as the centre of the young and hip scene of Vienna and captivates by numerous shops that can only be found in this place. Many historically grown buildings and ornate old buildings adorn the Mariahilfer Straße and create a worth seeing symbiosis of old and new.

Naschmarkt

The Naschmarkt is located in the 6th district and is considered the largest inner-city market in Vienna. The special flair of the Viennese Naschmarkt is due to its mixture of market stalls and restaurants, which join together in a snake-like manner in the middle of the left and right Wienzeile. Along the entire length there are market stalls with fresh goods such as fruit, vegetables, spices, fish and meat, as well as restaurants with national and international cuisines, cafés, patisseries, bakeries and smaller bars that open early and where night owls sometimes mix with market traders. The Naschmarkt thus has everything that makes gourmet hearts beat faster and provides its surroundings with all the necessary food and all kinds of other goods on offer.

House of the sea

The House of the Sea is a former flak tower in the middle of the 6th district, which today serves as a zoo of various marine aquariums and terrariums. In the Haus des Meeres, tropical freshwater and saltwater fish cavort alongside fish from the Mediterranean and domestic 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 bird spiders in the tropical house. Another attraction here is the magnificent view from the roof terrace, where you can enjoy a magnificent view of the city.

Raimund Theatre

The Raimund Theater is one of the United Stages of Vienna and is a well-known venue for numerous European productions. The theatre, named after the Austrian playwright Ferdinand Raimund, dates from the 19th century and at that time was used as a stage for classical folk plays. Nowadays the Raimund Theatre serves mainly as a venue for numerous international musicals.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageRehab
2
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales10-20%
2
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

WINEGG stands for architecture, aesthetics, quality, solidity, sustainability and safety. The company thinks long-term and designs top-class quality properties in the best locations, so that future generations can leave more behind.

WINEGG Realitäten GmbH was founded in Vienna in 1998. Since then, the company has made a name for itself as a forward-looking investor, developer and quality-conscious property developer that is widely respected. The company's vision: to keep an eye on reality and yet plan for the long term. So that future generations can also build their lives on a secure foundation.

From the very beginning, one of the company's specialities has been increasing the value of old buildings. Good substance and best location are the selection criteria.

Today, WINEGG has also gained a top position in the field of revitalizing old buildings, loft conversions & new building development. And has extended its commitment not only to Vienna and Austria but also to Germany (including Berlin, Leipzig & Dresden): Numerous properties, both in the area of old building development and in the area of new housing developments, have already been successfully completed.

WINEGG Realitäten GmbH