Funded successfully

MedBase19

Vienna

Return

7% p.a.

Duration

24 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

The "MedBase19" project is a medical practice building in the 19th district of Vienna, which is to be rented to doctors. A medical centre of the most modern standard is being built on 5 levels. Due to the close proximity to the underground station Spittelau and the Privatkling Döbling, a high frequency of surgery visitors is expected within MedBase19. MedBase19 will provide a total of 1,550m² of floor space including terraces and 8 underground parking spaces. A large part of the rentable space has already been let to various doctors. After completion the building is to be sold in its entirety.

The office space can be individually adapted and will be implemented with special attention to state-of-the-art medical equipment and construction methods. Special attention is paid to the use of high-quality materials.

Deal Highlights

Security

Personal liability in the form of a hard letter of comfort in the amount of the loan amount issued by the managing partner Mr Friedrich Köberl.

Very good location in the 19th district of Vienna

The representative location in the 19th district of Vienna guarantees a high patient frequency and accessibility due to the proximity to the underground station Spittelau and the opposite private clinic Döbling.

Attractive interest rates - 7.00% annual payout

Investors receive an annual interest rate of 7.00% 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.

Medical centre according to the most modern standards

Modern surgery centre for doctors, surgeons and health care institutions.

Building permit has already been granted

Following the purchase of the property, building permission has already been successfully obtained and construction work has begun.

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.

Investment Case

For the purpose of partial financing, Herrengasse 26 and 28 Projektentwicklungs-GesmbH intends to take up qualified subordinated loans of a maximum of € 700,000.

The borrower is the owner of the property EZ 218 KG 01503 Heiligenstadt, Heiligenstädterstraße 38, 1190 Vienna. A total of 1,550 m² of usable space of between 15 m² and 250 m² plus terraces will be built. The property has already been acquired and a legally binding building permit has been issued. The construction activities are also well advanced. The aim is to complete the construction work, rent out the remaining units and then sell them in their entirety.

Annual distributions:

During the term, the lender will receive an annual distribution of 7.00%.

Short term:

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

Security:

Personal liability in the form of a hard letter of comfort in the amount of the loan amount issued by the managing partner Mr. Friedrich Köberl.

Financials

Acquisition costs
950.000 €
Construction costs
4.500.000 €
Service charges
650.000 €
Financing costs
500.000 €
Reserve
800.000 €
Total investment
7.400.000 €
Expected sales revenues
8.050.000 €
Gross project profit
650.000 €

Finance Structure

Location

The 19th district or also called "Döbling" is a district in the north of Vienna and borders on Lower Austria and the districts of Alsergrund, Hernals, Währing, Brigittenau and Floridsdorf.

On a size of 24.9 km² live about 72,650 inhabitants. Döbling, the 19th district of Vienna, with its Wienerwald villas is considered a noble district and offers its inhabitants the possibility to escape the hustle and bustle of the city with its hiking trails through the vineyards. Characteristic for Döbling is the balanced population structure, with the average age being above the Viennese average. Thus one finds Wilhelminian-style quarters next to municipal housing estates, cottage areas and old town centres. The diversity of the district can already be seen in the topography: due to the large proportion of the Vienna Woods, numerous of Vienna's local mountains are located in Döbling. With a peak height of 542m, the Hermannskogel is the biggest mountain in Döbling and provides an unforgettable view over Vienna.

Döbling combines the best of two worlds: on the one hand, the local recreation offer of the Vienna Woods and on the other hand, the good public transport connections mean that you are not far away from the city. With the underground line U4 (Spittelau) within walking distance you can reach the city centre of Vienna within a few minutes. The location of MedBase19 on Heiligenstädterstraße means that future visitors to the practice can easily reach the clinic by public transport using the nearby underground station. At the same time, MedBase can also be easily reached by car via the Nordbrücke bridge.

Discover the surroundings

AKH - MedUni Vienna

The Vienna General Hospital is one of the largest hospitals in Europe and the largest in Austria. It has over 2,000 beds and employs almost 10,000 people, about one sixth of whom are doctors. Every year, half a million patients are treated in the wards and 397 outpatient clinics. The AKH is an important pillar of Vienna's health care system. It is also the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. Due to the large number of people passing through and the number of jobs, the AKH Vienna is a special feature of the surrounding residential property market.

AKH - MedUni Vienna

As a recognized authority in medical matters, the Medical University of Vienna has played an important role in Vienna's healthcare system since 1365. 400 years later, around 1784, the adjoining General Hospital of the City of Vienna (AKH) opened and became a new and important centre of activity and research for physicians. Thus the first skin, eye and ear, nose and throat clinic was founded in Vienna. Today, the Medical University of Vienna comprises 27 university clinics, 3 clinical institutes and 12 medical-theoretical departments. Every year 49,028 people are operated on and 553,235 are treated as outpatients. Due to the more than 7,000 medical students, a strong infrastructure in terms of residential real estate has developed and businesses for medical professions have settled in the surrounding area.

Döbling Private Clinic

In 1905 the private hospital Sanatorium Hera was founded with the original focus on obstetrics and gynaecology. In 1937 the hospital was transformed into a modernly equipped private hospital. A particular innovation was the possibility for patients to listen to the radio via radio lines running through the building, directly at the bedside. Today the hospital offers more than 20 outpatient clinics, from ophthalmology to dentistry.

Hospital Sanatorium Hera

In 1905 the private hospital Sanatorium Hera was founded with the original focus on obstetrics and gynaecology. In 1937 the hospital was transformed into a private hospital with modern equipment. A special innovation was the possibility for patients to listen to the radio directly at their beds via radio lines running through the hospital. Today the hospital offers more than 20 outpatient departments, from ophthalmology to dentistry.

Private Clinic Rudolfinerhaus

The Rudolfinerhaus is a privately run hospital in Billrothstraße 78 in the 19th district of Döbling in Vienna. The Rudolfinerhaus has 156 beds distributed over seven wards. The Rudolfinerhaus is known for its nursing school. The three-year school for health and nursing care at the Rudolfinerhaus is open to a maximum of 22 school-leavers per year from the age of 18.

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Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeCommercial
1
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

The living concepts of K3 Immobilienentwicklungs GmbH stand for "Living together - living together" and for a contemporary and future-oriented form of living. People in all phases of life should be enabled to stay in familiar surroundings. Our preventive approach (e.g. promoting and maintaining social contacts) prevents the threat of isolation and isolation in old age or with disabilities, thus enabling people to lead independent and self-determined lives for a long time. Our comprehensive and well coordinated range of services and assistance supports the desire for independence and gives residents and their families a feeling of security.

K3 Immobilienentwicklungs GmbH

K3 Immobilienentwicklungs GmbH