Already refunded

Rinnböckstraße 23



6.5% p.a.


24 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 "Rinnböckstraße 23" is a real estate project in the 11th district of Vienna in the immediate vicinity of the underground station Zipperer Straße. In the course of the project, which has already received building permission, an attic will be extended, creating five residential units with a total usable floor space of 500m².

The project will be implemented by PECADO GmbH, which has already implemented a large number of successful real estate projects in the past, especially attic extensions.

Deal Highlights

Attractive interest rates - 6.50% annual payout

Investors receive an annual return of 6.50% 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 24-month term.

Security through guarantee of the parent company

There is a liability in the form of a hard letter of comfort in the amount of the loan amount issued by the parent company Pecado GmbH.

Subway station in the immediate vicinity

The U3 station Zipperer Straße is only a few minutes away.

Rendity Immediate interest - interest already from the date of deposit

Investors receive interest as soon as the investment is paid in. The yield immediate interest is paid out after the end of the subscription period.

Investment Case

For the purpose of partial financing, SHRN Immobilienentwicklungs GmbH intends to take up qualified subordinated loans of a maximum of € 250,000.

The borrower is the land registry owner of the undeveloped attic of the property with the address Rinnböckstraße 23, 1110 Vienna. A total of five residential units will be built on a total floor space of around 500m² plus open spaces such as terraces and balconies. The property has already been acquired, the planning phase has been completed and construction activities have already started and are expected to be completed in spring 2021. The sale of the newly created apartments at market prices will start at the beginning of 2020.

Annual distributions:

During the term, the lender will receive an annual distribution of 6.50%.

Short term:

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


Acquisition costs
420.000 €
Construction costs
1.255.000 €
Financing costs
120.000 €
Total investment
1.795.000 €
Expected sales proceeds
2.100.000 €
Gross project profit
305.000 €

Finance Structure


The 11th district, also known as "Simmering", is located at the southern end of Vienna and borders directly on the Danube Canal. Unique to Vienna is the very high proportion of grassland, almost 45%, which is largely used to grow vegetables. Due to the proximity to the Danube Canal and the location on the city limits, many traditional industrial companies such as Siemens, Steyr and others have settled in Simmering. Due to the very good traffic connection via the A4 motorway to the east, Schwechat airport can be reached in a few minutes by car and areas to the south-east, such as Lake Neusiedl, can be reached by a short drive without having to drive through the city centre. Simmering's lifeline is the Simmeringer Hauptstraße, which crosses almost the entire district and connects Simmering with the inner districts of Vienna, offering the residents an excellent range of local suppliers, shopping centres and restaurants.

Discover the surroundings

Simmering is the district where suburbia and big city meet. The historical origins of Simmering can be traced back to the Bronze Age, but it was not until 1605 that Simmering gained economic importance through a brewery, which was one of the most important sources of income for more than three centuries. Hugogasse 8 is located in the immediate vicinity of Simmering Hauptstraße with its countless shops and restaurants. Both the transport connections through the Simmering underground station and the local supply leave nothing to be desired by the residents.

Simmeringer Hauptstraße

The Simmeringer Hauptstraße runs right across the entire eleventh district and, with countless shops, restaurants and cafés as well as several shopping centres, forms the lifeline of the 11th district. The origins of the Simmeringer Hauptstraße can already be found in the Roman Empire. The Limes road was already used by soldiers to march to Carnuntum. Via the motorway exit Gürtel/Landstraße the Simmeringer Hauptstraße can be reached at its northern end and borders on St. Marx and the Vienna Biocenter. Simmeringer Hauptstraße leads over Enkplatz to the U3 terminus Simmering and ends at the Vienna Central Cemetery.

Vienna Central Cemetery

The Viennese Central Cemetery counts to me nearly 2,5 km² to the biggest cemetery complexes of Europe. Due to the enormous area and the large forest areas the cemetery is also used as a recreation area. Besides the various fauna the Central Cemetery offers a habitat for about 20 deer and other animals like kestrels, badgers and martens. Originally opened in 1874, the Central Cemetery is home to three million buried Viennese, which is considerably more than there are currently in Vienna. Due to the many graves of honour and art nouveau buildings, the Central Cemetery also belongs to the sightseeings of Vienna.


The four former gigantic gas tanks were revitalized around the turn of the millennium and today offer a huge entertainment center as well as an event hall, around 600 apartments and a student residence. The original 6 gas tanks have been considered landmarks of Simmering since they were built in 1896, because with a height of about 70 meters they could be seen from almost everywhere. Before the revitalization, the domed rooms were used for various exhibitions and even offered a unique film set for the James Bond film "The breath of death". For each of the four gasometers, one of the four architects Jean Nouvel, Wolf D. Prix, Manfred Wehdorn and Wilhelm Holzbauer developed an individual concept with village character.

Simmeringer Haide and Albern harbour

The former pasture area and the topographically rather inconspicuously situated Simmeringer Haide today contributes significantly to the landscape of the 11th district. Since the Simmeringer Haide has been used intensively by farmers for vegetable and grain cultivation, greenhouses extend for kilometres and supply the Viennese and residents of Simmering with fresh vegetables. Thanks to its unique location and atmosphere, the former trading port of Albern is nowadays extensively used for open air events.



VacancyPartially leased
Development StageRehab
Track RecordMore than € 250 million developed
Asset TypeResidential
Duration18-36 months
Existing Bank FinancingYes
Pre Sales0-9,9%
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.


Pecado GmbH was founded in 20018 by Ing. Stanislav Hnat for the purpose of buying and selling real estate. Since 2015, the company's business activities have been expanded in a targeted manner, focusing on the development of high-quality new buildings and the structural coordination of revitalisation projects.

Concentrating on the Vienna location, only up-and-coming locations in those districts that promise a high level of affordable quality of life in the future are selected in the new construction segment. In close cooperation with long-standing corporate partners from the fields of architecture and marketing, we are currently active in the following business areas for owner-occupiers and investors.

  • Purchase of real estate (new building)
  • Development, planning, construction and marketing of residential real estate (new construction)
  • Stylish revitalization of buildings (old building)
  • Renovation of old buildings
  • Modern attic floor extensions and extensions (new building)
Pecado GmbH

Pecado GmbH