Rokitanskygasse 6
Return
7% p.a.
Duration
30 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 at Rokitanskygasse 6 is located in a quiet residential area, close to Elterleinplatz. Within the framework of an old building renovation including new attic construction, 24 apartment units will be realized, 18 of which are standard floor apartments and 4 attic apartments.. All open spaces are located in the quiet courtyard with beautiful trees. On the first floor there are beautiful garden apartments in an absolutely quiet location.
The project is located within walking distance of Elterleinplatz. From here, streetcar line 43 runs directly into Vienna's city center, to Schottentor. Currently, the new U5 subway line is being planned. The new turquoise line will be the first fully automatic subway in Austria from 2025. This will allow passengers to travel comfortably from Hernals to Karlsplatz.
The project is being realized by Kvierreal Immobilien Group, which has already successfully obtained the building permit after purchasing the raw roof. Construction will start shortly and the planning has already been completed. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.
Deal Highlights
KVIERREAL - long-time partner of Rendity with already two successful redemptions
Attractive interest rates - 7.00% yield with a term of 36 months
Building permit is already available
Attic conversion in excellent location with first class residential units
Excellent location near Hernalser Hauptstraße in 1170 Vienna
Investment Case
The borrower is the registered owner of the property with the address Rokitanskygasse 6 in 1170 Vienna. A total of 22 residential units with a floor space of approx. 1,670m² plus terraces and balconies will be renovated/constructed. All open spaces are located in the quiet courtyard with beautiful trees. On the first floor there are garden apartments in an absolutely quiet location.
The purchase has been made, the planning phase is completed and the building permit is already available. Construction will start shortly.
Annual distributions:
During the term, the lender will receive an annual distribution of 7.00%.
Short term:
The lender will receive his invested capital back after realization of the apartment building. According to the planning, this is to take place after a maximum of 36 months.
Financials
Finance Structure
Location
Discover the surroundings
Rokitanskygasse 6 is located in the center of a residential area with low traffic volume outside the "Gürtel" artery of Vienna. The immediate proximity to recreational areas means that this location offers both recreation through green spaces and local recreation areas as well as the amenities of a modern district with extensive social, educational, cultural and sports facilities as well as various local supply options. The connection to the public transport network is also given by bus lines and the subway station Alser Straße. Within a few minutes you can reach the city center directly with the U6. Bus line 46B takes you to the Heuberg, an extensive recreational area.
Vienna General Hospital
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 nearly 10,000 people, about one-sixth of them 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. In addition, it is the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. Due to the large flow of people and the number of workplaces, the AKH Vienna represents a special feature for the surrounding residential real estate market.
Manner Factory
Probably Vienna's best-known confectionery factory has its original production site on Wilhelminenstrasse in the middle of Hernals. Since its founding in 1890, the product range has been constantly expanded, but most people always associate the slogan "Manner mag man eben" with the unmistakable Manner wafers. And it is precisely these that are produced here by 400 employees at the main plant, which also serves as the company headquarters, in Hernals.
Postal Sports Club Vienna
And sports fans don't miss out either: almost all ball sports (soccer, handball, volleyball, basketball, tennis, beach volleyball, squash, la crosse) are represented at Postsport Verein Wien. a 400-meter running track and several catering outlets including a sauna and outdoor pool round off the facilities. More than 100 parking spaces are available for members and guests in the immediate vicinity.
Lorenz Bayer Park
Today's park was founded in 1905 after the former Hernals local councillor Lorenz Bayer. The Hernalser Park offers residents new exercise equipment and is considered an active park for both outdoor exercise and sports. In addition to the Lorenz Bayer Park, the Türkenschanzpark, named after the Second Turkish Siege, offers residents of the 17th district a large recreational world on 2,500 square meters with streetball, beach volleyball, basketball and skate facilities as well as extensive recreational areas. The observation tower offers a breathtaking view of Vienna and the Vienna Woods. In 1991, the Turkish Yunus Emre Fountain (corner of Feistmantelstraße/Dänenstraße) was presented by the then Turkish ambassador as a sign of friendship between Vienna and Turkey. Due to its topography, Türkenschanzpark is extremely scenic and, because of its ponds and streams, waterfalls and fountains, it is still very popular among the population as an excursion destination.
Rating
| Category | Rating | Points |
|---|---|---|
| Location | Primary | 1 |
| Vacancy | Partially leased | 2 |
| Development Stage | Rehab | 2 |
| Track Record | More than € 250 million developed | 1 |
| Asset Type | Residential | |
| Duration | 18-36 months | 2 |
| Existing Bank Financing | Yes | |
| Pre Sales | >20% | 1 |
Total | 9 B |
Team
The KVIERREAL group has been active for years in the Viennese real estate market as a project developer and has specialised in the purchase, sale and revitalisation of classic Gründerzeit houses and apartments. The core competence is the development and upgrading of historically grown properties that are aesthetically and economically convincing.
Thanks to sound expertise and the many successfully completed real estate projects, the KVIERREAL group has made a name for itself as a specialist for old buildings.
