Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The property "Pazmanitengasse 14" in the middle of the 2nd district is an imposing apartment building, which is already well leased and consists of a street and courtyard wing. The project has a total of 65 units with a total weighted floor space of approx. 2,702m², of which two units with an area of approx. 193m² are commercial premises. The current tenant structure still offers great upward potential and is to be optimized in the course of the planning phase.
The location of the project impresses with its walking distance to the Augarten as well as the Taborstraße. The subway station Taborstraße is approx. 600 m away, the streetcar line 2 next door leads directly to the Inner City. Furthermore, the Praterstern (S-Bahn, U-Bahn, various streetcar and bus lines) is only a few minutes away.
The project is being realized by REALTRADE Immobilien Group, which has already successfully obtained the building permit after purchasing the property. The project is characterized by an environment with high development potential and very experienced project developers with an excellent network.
The borrower is the registered owner of the property at Pazmanitengasse 14, 1020 Vienna. A total of 63 residential units and two commercial premises with a usable living space of approx. 2,702m² plus terraces and balconies will be renovated. In addition, approx. 1,500m² of living space can be realized in the course of an attic conversion.
The acquisition has been made, the planning phase is underway and the building permit is already available.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after the individual residential units have been liquidated. According to the planning, this is to take place after a maximum of 30 months.
The "Pazmanitengasse 14" project is located in the immediate vicinity of the two subway stations Praterstern and Taborstraße, which means that the city center can be reached in just under 10 minutes. The two extensive recreational areas Augarten and the Vienna Prater offer countless opportunities to escape the hustle and bustle of the city. Especially the Jesuitenwiese in the Prater attracts many people, as this former auland invites to relax. Also in the 9 km² Prater area is the Würstelprater, popular with young and old alike, with countless attractions and rides.
The Augarten, with its iconic flying defense tower, is a park open to the public with the oldest baroque garden complex in Vienna. In addition to a well-kept parterre garden with elaborate floral landscapes, it also offers an extensive area crisscrossed by shady avenues of chestnut, armor, linden, ash and maple trees, providing space for recreation as well as sporting activities for the local population and tourists. The plain concrete tower from the Second World War, located in the park, is now closed to visitors, but offers a contrasting beauty to the rest of the well-kept Augarten and has become part of the Viennese cityscape.
Praterstern is home to several subway lines as well as regional trains, making it one of Vienna's most important public transportation hubs. The Praterstern station, which was only rebuilt or largely rebuilt in 2008, is a huge multi-lane traffic circle that connects seven streets. It serves the residents of Vienna's second district as a public transport link to the city center and also as a local supplier with countless stores for everyday needs.
The area of the Vienna Prater, which covers more than 9 km², includes an amusement park, the so-called Würstelprater, several bodies of water and a huge recreational area. The area belonging to the Prater, once auland of the Danube, is documented since the year 1162. At the end of the 20th century, numerous investments were made in the Prater's infrastructure. The Jesuit Meadow was converted into Vienna's largest playground with a toboggan hill and a winter snow-making system. For over 100 years, the Vienna Giant Ferris Wheel has been turning at the entrance to the Prater. The Ferris wheel is both a sight and a landmark of Vienna. A curiosity of the Wurstelprater is the Republic of Kugelmugel whose only inhabitant had proclaimed an own state in 1970, since his house was a sphere whereby the bearing surface is thereby only a point. However, since a point has no spatial extension, he believed that he was in a state-free space.
In summer, the residents of the apartment building benefit from the proximity of the artificially filled Danube Island, which is not only part of the flood protection system, but also one of the most important recreational areas in Vienna and Klosterneuburg. It is an artificial island up to 250 m wide between the Danube and the New Danube and has a lot to offer for people, animals and plants. The Danube Island is a popular cycling route and is also excellent for water-related recreational activities, offering Wiener his own water ski lift. Several very popular public lidos can be found along its banks, including the most famous of them all, the Gänsehäufel. A variety of sailing schools and boat rental facilities can also be found along the old Danube. The dammed part of the Danube is extensively used by the Viennese for cooling off in summer. In addition to the cool water, the Copa Cagrana with countless restaurants offers enough opportunities to get your culinary money's worth.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The Realtrade Immobilien Group has been successfully active on the Austrian real estate market for two decades, developing a wide range of properties. High-quality architecture and prime locations are our focus. We accompany all phases of our construction projects from the planning stage to the handover of the property.
Our properties have always stood for stable value and offer solid investments in the best locations in Vienna. Our company has already renovated and built more than 100,000m² of residential space and another 50,000m² are currently in planning and renovation or under construction. Due to constant growth, we now employ over 30 people in our already enlarged offices in the 1st district.
Our core competences are, besides the purchase of real estate and the renovation or construction, professional project management, as well as the procurement and marketing of our real estate/end products. The total volume of all properties currently owned, planned and built amounts to approximately EUR 600 million.