Funded successfully

Oberlaaerstraße 319

Vienna

Return

8.25% 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 project "Oberlaaerstraße 319" is a stylish new construction project, where 5 single family houses will be built. The real estate project will be located in the 23rd district of Vienna near the Wienerberg as well as the Laaer Berg. The location is characterized by the combination of urbanity and recreation. In terms of transportation, Oberlaaerstraße 319 is well located, with the bus station, which is only a 2-minute walk from the property, the subway station "Neulaa" (U1) and thus the city center is easily accessible.

As part of the new construction, a total of five single-family homes with a total weighted living area of 578 m² are being built here. The units have balconies, loggias and gardens. All residential units (100%) are intended for residential use. The developer already owns the property and a building permit is already in place. Following the completion of the new construction project, all residential units will be sold individually.

The project will be realized by Laura Bauträger GmbH, which has already acquired the property. The building permit and the contracts for the execution of the construction measures are available. The construction work is scheduled to start in the 2nd calendar quarter of 2023 and completion is expected in the 4th calendar quarter of 2024.

Deal Highlights

Laura Bauträger GmbH - Long-term partner of Rendity with already six financings

The project developer Laura Bauträger GmbH has already financed 6 successful projects with the help of the Rendity investor community. Of these, 3 projects with a total volume of 1.5 million have already been successfully repaid. Laura Bauträger is a real estate development company specialized in residential real estate and based in Vienna. The project company places particularly high value on quality and sustainability. With years of experience and numerous, presentable reference properties in Vienna and the surrounding area, Laura Bauträger GmbH describes itself as a reliable and stable real estate partner.

Attractive interest rates and short term - 8.25% yield with a term of only 24 months

Investors receive an annual interest rate of 8.25% on their invested capital. The interest is distributed every year. The capital invested is repaid in full to the investors at the end of the short term of a maximum of 24 months.

Building permit issued - Construction to start soon

The issuer is already the owner of the property and the building permit and the contracts for the implementation of the construction measures have been obtained. The construction work will start promptly in the 2nd calendar quarter of 2023 and completion is scheduled for the 4th calendar quarter of 2024. A building permit has been obtained.

Idyllic location in 1230 Vienna

The 23rd district in Vienna, also known as "Liesing", offers its residents over 1,000 hectares of green space, which accounts for more than 30% of the total district area. Located in the southwest of Vienna, Liesing borders directly on the extensive forest area of the Vienna Woods. Numerous industrial enterprises have settled between the old and now merged village centers.

RENDITY Immediate interest - interest from the 1st day

Investors receive the Rendity immediate interest from the moment they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. This means that investors also receive interest on their investment during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Investment Case

The borrower is the registered owner of the property with the address Oberlaaerstraße 319, 1230 Vienna. In the course of the new construction project, 5 single-family houses with a total floor space of 578 m² will be built. The property includes the plot with a land area of 1,007 m². Each of the 5 properties will have a private open and green space as well as an attic with an additional roof terrace. In this regard, 100% residential use is planned.

The aim of this issue is to partially redeem the own funds used, to finance the construction measures for the new construction of the single-family houses, as well as the subsequent individual sale of the residential units. The construction measures will start promptly in the 2nd calendar quarter of 2023 and completion is scheduled for the 4th calendar quarter of 2024. A building permit has been issued. Contracts for the construction measures are also in place.

Annual Distributions:

During the term, the lender will receive an annual distribution of 8.25%.

Short term:

The lender will receive its invested capital back after the apartments have been sold. According to planning, this is to take place after a maximum of 24 months.

Financials

Purchase Price Property
876.420 €
Construction Cost
1.500.000 €
Planning Cost
40.000 €
Other
245.000 €
Total Investment Cost
2.661.420 €
Sales Revenue (Assumption)
3.586.000 €
Profit
924.580 €

Finance Structure

Location

Welcome to 1230 Vienna

The 23rd district, also called "Liesing", is located in the southwest of Vienna and borders Lower Austria with the southern district border. Liesing is home to about 106,000 inhabitants, and the district's population has almost tripled since 1960.

More than 100 km2 of green space is available to the inhabitants of Liesing on 320 km2. This high proportion of green spaces and recreational areas, such as the Mauerer Wald and the proximity to the Lainzer Tiergarten, makes Liesing a sought-after district to live in. In addition to the popular residential areas, Liesing is also home to the important industrial center of In-zersdorf, which extends into the district area of Siebenhirten. Resident companies include the well-known manufacturer of trucks Rheinmetall MAN, the Austrian State Printing Office and several logistics centers, which take advantage of the excellent location near the A21 highway and the city center of Vienna.

Historically, the 23rd district in its current form with its 8 districts was created in 1954 from parts of the former 25th district. Today Liesing is one of the most popular districts of Vienna, because the city center is easily accessible due to the good public infrastructure such as the subway line U6 or several rapid transit lines and offers its residents many recreational areas to escape the stress of everyday life.

Discover the surroundings

Oberlaaerstraße 319 is located in an idyllic location and is well connected to the public transport network. A bus station can be reached in only 2 minutes on foot and the subway station "Neulaa" (U1) can be reached by means of the line 67A as well as 67B. By means of the subway line U1, the Vienna city center can be reached in only a few minutes.

Wienerberg recreation area

The Wienerberg recreation area is a large green space on a former brickyard site on the southern slope of the Wienerberg and is part of the extensive Vienna Green Belt. It is located in the south of the city, in the directly adjacent 10th district (Favoriten), between Triester Strasse in the west, Raxstrasse in the north, Neilreichgasse in the east and Otto-Probst-Strasse and Friedrich-Adler-Weg in the south. The Wienerberg recreation area was created by the City of Vienna in the 1980s after an urban planning ideas competition and a landscape plan: Hereby a characteristic and urban ecologically important biotope was created. It fulfills both nature conservation tasks and the population's need for recreation.

Industrial center Inzersdorf

With the establishment of the plant of the brick manufacturer "Wienerberger", Inzersdorf and large parts of Liesing have become an important industrial center. In Inzersdorf is also located on an area of 3 km2 the wholesale market Vienna. The wholesale market Vienna, formerly called Großgrünmarkt Wien-Inzersdorf, is the most important wholesale location for food in Austria. In addition to fruit and vegetables, flowers, meat and fish are also sold on 3 km2. About 70% of the total Austrian turnover of fruit and vegetables takes place in the wholesale market Vienna. The industrial area extends further from Inzersdorf into the area of Siebenhirten and from there into the adjacent industrial area in the district parts Liesing, Erlaa as well as Atzgers-dorf and is bordered by the southern railway line and the Liesingbach. Among the best-known companies that have their headquarters in the 23rd district are the Austrian State Printing Office and the tool manufacturer Hilti Austria.

Kurpark Oberlaa

The Kurpark Oberlaa is located in the south of Vienna, also in the directly adjacent 10th district of Vienna, and is a recreational area with a total of 860,000 m². In the west, the park is bordered by Laaer-Berg-Strasse, in the south by Kurbadstrasse near the Oberlaa spa center and in the north by Filmteichstrasse. The spa park is also part of the green belt in Vienna, which also includes the Wienerberg and the Laaerberg. In addition, the park has historical reasons and originated from the Vienna International Garden Show of 1974. Where once there was only clay on the former brickworks site, today there are around 2,400 roses, various gardens, and play and sports facilities. Visitors can stroll through a wide variety of themed areas and gardens, such as the Allergy Garden, the Baroque Brunn Garden, the Japanese Garden or the Flower Labyrinth.

FH Campus Vienna

The FH Campus Wien is the largest university of applied sciences in Austria. It offers bachelor's and master's degree programs as well as continuing education courses organized in seven departments: 10 Applied Life Sciences, Engineering, Building and Design, Administration, Economics, Security, Politics, Health Sciences, Applied Nursing Science and Social Sciences. The FH Campus Wien is located at sites in Favoritenstraße in Vienna's 10th district, Muthgasse in the 19th district (at the University of Natural Resources and Applied Life Sciences Vienna), Campus Vienna BioCenter and Schloss Laudon in the 14th district.

location-Map_Oberlaaerstrasse_319_7c9480ffbc

Rating

B
CategoryRatingPoints
Evaluation of the locationPrimary
1
VacancySales not started
3
Project stageEarly phase
3
Track record of the real estate partner>100 Mio. €
1
Asset classResidential
Bank FinancingYes
Financing structure<60%
1
SecurityYes
Total
9
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

Laura Bauträger GmbH only uses high-quality building materials. The individual building components are all coordinated and are subject to the strictest quality criteria. We play it safe and you benefit, because our work lasts "a lifetime".

With our experience and our numerous, presentable reference objects in Vienna, Lower Austria and Burgenland, you can see us as a reliable and stable partner. In recent years, we have increasingly shifted our focus to project construction and have already realised several of these plans.

Laura Bauträger GmbH

Laura Bauträger GmbH