Funded successfully

Redtenbachergasse 64



7% p.a.


36 months

Project type




Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The project "Redtenbachergasse 64" comprises the refurbishment of an existing property as well as the optimization of the rental of the vacant residential units of the existing building. The property is currently 69% rented and has a total of 17 residential units and 1 commercial unit with an existing area of around 950 m² (total usable area). The property covers a total area of 485 m².

The purchase agreement has been concluded and the issuer is already the owner of the property. The project currently generates around 100,000 € 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.

The property is located in a good residential location in Vienna Ottakring - in the 16th district of Vienna. In the immediate vicinity are numerous local amenities such as supermarkets, retail parks and restaurants. Due to the direct proximity to the train station Vienna Hernals as well as to relevant streetcar lines, the city center of Vienna can be easily reached by public transport. Green areas such as the Congress Park are within walking distance and invite you to linger.

Deal Highlights

Regular additional income - 7.00% p.a. distribution quarterly

Investors receive quarterly distributions of 7.00% p.a. on their invested capital during the term. The capital invested is repaid to the investors at the end of the term.

Velum GmbH - longtime partner of Rendity

Velum GmbH has already financed 13 successful portfolio projects with a volume of approximately € 8,350,000 with the help of the Rendity investor community. Of these, one project with a volume of € 250,000 excl. interest was repaid to the investors. Behind the borrower is the founder of the Velum Group with more than 15 years of real estate experience in Austria and Germany.

Rental income of around €100,000 per year

The project currently generates around €100,000 in annual rental income. After the optimization of the existing building and the refurbishment of the residential units, higher rents can be achieved.

Security through the Rendity interest deposit

The Rendity Zinsdepot serves as a hedge for our investors. The interest deposit account is subject to fiduciary safekeeping and is used exclusively to offset interest payments that have not been made or missing capital repayments to investors.

1160 Vienna - numerous local recreational opportunities

The existing property is centrally located in Vienna's 16th district Ottakring. The location is characterized by a diverse infrastructure and the proximity to the green outskirts of Vienna.

Classic tenement house from the 20th century


Investment Case

The Borrower is the registered owner of the property with the address Redtenbachergasse 64, 1160 Vienna (Austria). The apartment building comprises a total usable floor space of approximately 950 m², as well as a land area of 485 m². In total, annual net rental income of approximately € 100,000 is currently being generated. The property owner plans to refinance the property, to optimize it and to increase the rental income.

The purchase of the property has already been completed and the issuer is already the owner of the property. The objective of the issue is to partially redeem the equity invested, as well as to finance the refurbishment costs incurred in the course of this optimization due to tenant changes.

Distribution every 3 months:

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

Interest Depot:

The Rendity interest deposit serves as a security for the investors. Prior to the start of each project, the respective borrower is required to deposit an interest deposit in the amount of half a year's interest into a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary safekeeping and may only be used to compensate for interest payments not made or missing capital repayments to the investors.


Acquisition costs of the property (incl. incidental acquisition costs)
2.725.000 €
Refurbishment costs (realized and planned)
400.000 €
Financing costs
60.000 €
100.000 €
Total investment costs
3.285.000 €

Finance Structure


Welcome to 1160 Vienna

Ottakring, the 16th district of Vienna, is a former industrial district that is now appreciated for its multiculturalism and growing urbanity. The district's diversity is already evident in its topography: the hilly foothills of the Vienna Woods are located in the west of the district and flatten out more and more towards the city. At Wilhelminenberg, there is room for extensive walks, and Wilhelminenberg Castle, built in the imperial style, is also located there. More urban development can be found the further one moves towards the city center in the direction of the Wiener Stadthalle. Not only Vienna's largest brewery, the Ottakringer Brewery, but also the city's longest street market, the Brunnenmarkt, is located here. Residents like to call it "Orient ums Eck" (orient around the corner) and use it not only for shopping opportunities, but also for the attractive culinary offerings that have settled around Yppenplatz.

Microlocation Redtenbachergasse

Nothing is worth more than a good location. The "Redtenbachergasse 64" project is located in the middle of Vienna's 16th district. In the immediate vicinity are numerous local amenities such as supermarkets, specialty shopping centers and restaurants. Due to the direct proximity to the train station Vienna Hernals as well as to relevant streetcar lines, the city center of Vienna can be easily reached by public transport. Green spaces such as the Congress Park are within walking distance and invite you to linger.

Discover the surroundings

Vienna's 16th district has a lot to offer. To the west, a beautiful panoramic view of Vienna can be enjoyed from the famous Jubiläumswarte. The Ottakringer Cemetery, the Ottakringer Baths and the Ottakringer Brewery are characteristic features of Vienna's 16th district. Not only the Ottakringer brewery with its world-famous Ottakringer beer has its headquarters here, but also the world-famous coffee roasting company Julius Meinl. Culinary lovers will not miss out in Ottakring either. The colorful and culinary diverse Brunnenmarkt as well as numerous other eateries invite you to discover.

Congress Park and Congress Baths

With its approximately 61,000 m², Kongresspark is one of the largest public parks in Ottakring. The park was laid out in 1927 according to plans by architect Erich Franz Leischner. The Kongressbad was built at the same time as the park. The Congress Park offers a spacious area for leisure activities of all kinds. Here, children can let off steam with a wide range of play activities, but adults also have plenty of sporting opportunities.


The Brunnenmarkt is Vienna's longest street market and stretches along Brunnengasse from Thalia Strasse to Ottakringer Strasse. With around 170 market stalls and 948 meters, the Brunnenmarkt is the longest permanent detail market in Europe. The Brunnenmarkt is also known as the "Orient around the corner", which is due to its colorful and multicultural ambience. This makes it the second largest inner-city market in Vienna after the Naschmarkt and the largest in Ottakring. A lively and colorful culinary scene has established itself around the Brunnenmarkt. From cafés, bars and oriental cuisine to regional food, souvenirs and designer products - you can find it all here at Brunnenmarkt.

Cafés on Yppenplatz

For all winter sun worshippers, a visit to Yppenplatz and the gatronomies located there is recommended in the 16th district. Whether it's for breakfast at Dolce Lago, a quick coffee at Café Frida, or an after-work Spritzwein at Wirr 11 next to the large window front, the cozy locations await visitors and, thanks to the adjacent Brunnenmarkt, also provide numerous regional delicacies. But also in the rest of the months you meet in the cozy cafes a great and relaxed atmosphere and delicious offers.

Ottakringer Brewery

The Ottakringer Brewery is home to Vienna's brewing tradition and, as such, is an important part of Vienna's culinary culture. The brewery was founded in 1837 by master miller Heinrich Plank after the then landowner, Klosterneuburg Abbey, granted the brewing permit in 1837. The business was moved to the brewery building, which still exists today, in 1850 and expanded into a large brewery over the following decades. In peak years, up to 350,000 hectoliters of beer are produced here.

Kuffner Palace

The existing late historic Palais Kuffner is a building erected in 1893 for brewery owner and Ottakring mayor Moritz Kuffner. Since the palace is privately owned and not open to the public, the bourgeois flair of that time can only be experienced at events and during a visit to Harmer's Bar. Music lovers in particular get their money's worth here at the regular jazz sessions.


On the western outskirts of Vienna in the 16th district is the Jubiläumswarte. The observation platform on the Gallitzinberg offers an ideal place to get a beautiful panoramic view of Vienna. The observation tower is freely accessible all year round in fair weather.



Evaluation of the locationPrimary
VacancyPartially rented out
Project stageMaturity phase
Track record of the real estate partner>100 Mio. €
Asset classResidential
Bank FinancingYes
Financing structure60-80%
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.


We are professionals for everything that has to do with the purchase of apartment buildings, properties and other real estate. We take our job very seriously and offer first-class support, starting with a non-binding initial consultation and ending with a purchase transaction.

As an owner-managed company, our decisions are not dependent on committees or third parties. You communicate directly with the decision-makers - even the purchase is made directly. We do not act as intermediaries, middlemen or similar.

We use all our know-how as a successful and professional local investor and developer on the Vienna real estate market for you - with the focus on your goal, the rapid and profitable sale of your property.

Last but not least - we believe in fair cooperation; we are in friendly contact with many sellers even years after the purchase.