The project Stumpergasse 7, 1060, is a new project of Realtrade Immobilien Group. The building with 22 residential and 7 commercial units currently has an existing area of 2,323m², of which approximately 640m² or about 28% is used as commercial used as commercial space. The rest is used for residential purposes. A possible expansion of the space by approximately 970m² plus 460m² has been confirmed by an expert opinion.
The property Stumpergasse 7 is essentially located between Gumpendorfer Straße and Liniengasse in the immediate vicinity of the close to the hospital of the Barmherzige Schwestern and vis a vis the Hubert Marisch-Park. The Mariahilfer Straße can be reached on foot in about 8 minutes.
The purchase of the property has already taken place, the building permit for the attic conversion has already been applied for and the planning of the project is in full swing. The planned start of construction is in the 2nd calendar quarter of 2024. The mezzanine capital will be repaid to the investors through a refinancing at the end of the 24 months. The project is characterized by an environment with a high degree of popularity as well as very experienced project developers with an excellent network.
The Borrower is the registered owner of the property with the address Stumpergasse 7, in 1060 Vienna. In the additional 970m² will be created in the course of the attic conversion.
The acquisition of the property has already taken place and the building permit has already been applied for. The planning phase is in full and the start of construction is the 2nd calendar quarter of 2024. All residential units are to be sold in the course of a global sale. The financing is for the equity refinancing of the purchase as well as the completion of the issuance of the Building Permit and the attic conversion of the project.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after realization of the project. According to the planning, this is to maximum of 24 months.
The 6th district, also known as "Mariahilf", is located in the heart of Vienna. Besides its excellent infrastructure with numerous local suppliers, shopping streets and traffic connections, it borders directly on the 1st district, the city center of Vienna. The 6th district is a district of colorful hustle and bustle amidst its coffee house classics and newfangled eateries. With the "Naschmarkt", the largest and probably best known market in the city center, with its special flair of market stalls and international market stalls and international localities.
Nothing is worth more than a good location. The project "Stumpergasse 7" is located in easily accessible surroundings of the Westbahnhof and directly at the U4 station Margaretengürtel, which means that the city center can also be reached in a few minutes. Shopping opportunities are offered along the shopping paradise of Mariahilfer Straße. For leisure and recreational opportunities is also the area along the Danube Canal.
The 6th district is located in the heart of Vienna, the most livable city in the world. The location offers everything that makes living in the city dignified and pleasant, and leaves nothing to be desired in terms of infrastructure. Stumpergasse 7 is ideally connected in terms of transport, the underground stations Pilgramgasse (U4) and Margaretengürtel (U4) are within walking distance. In addition, there are of course various bus and streetcar connections in the immediate vicinity. Mariahilfer Straße, Naschmarkt, or Haus des Meeres, all of which can be reached on foot in just a few minutes. To the southeast, the Vienna Schwechat Airport is only a 25-minute drive away.
As the longest shopping street in Europe, the Mariahilfer Strasse stretches over a length of almost 4 kilometers, with the so-called "inner Mariahilfer Straße" leads from the Getreidemarkt to the Mariahilfer Gürtel, on which many international brand stores can be found and which is largely dedicated as an encounter zone. The inner Mariahilfer Strasse already functioned in former times as a special shopping street of the k.u.k. Monarchy and also today this holds local suppliers, fashion, furniture, handicrafts and numerous restaurants, as well as cafes. There is almost nothing that you can not find on the in Vienna colloquial "Mahü". Meanwhile, this has established itself as the center, the young and hip scene of Vienna and impresses with numerous stores, which you can only find here. Many historically grown buildings and ornate old buildings old buildings adorn the Mariahilfer Street and create a symbiosis of old and new that is worth seeing.
The Raimund Theater is one of Vienna's Vereinigte Bühnen and a well-known venue for numerous European productions. Named after the Austrian playwright Ferdinand Raimund, the theater dates back to the 19th century and acted at that time as a talking stage with classical folk plays. Nowadays, the Raimund Theater serves primarily as a venue for numerous international musicals.
The Naschmarkt is located in the 6th district and is considered the largest inner-city market in Vienna. Its special flair owes the Vienna Naschmarkt owes its special flair to its mixture of market stalls and pubs, which are arranged in a serpentine fashion amidst the left and right Wienzeile. The Naschmarkt is a famous Viennese landmark and should not be missed on any culinary tour. The entire length of the market is lined with stalls selling fresh produce such as fruit, vegetables, spices, fish and meat. Likewise, you will find at the Naschmarkt, if you are looking for restaurants of national and international cuisine, cafes, patisseries, bakeries and smaller eateries that open early and where night owls where night owls sometimes mingle with market traders.
The House of the Sea is a former flak tower in the middle of the 6th district, which today serves as a zoo of diverse marine aquariums and terrariums. In the House of the Sea tropical freshwater and saltwater fishes cavort next to fishes from the Mediterranean Sea as well as from local waters. Here you can walk through the tubular Atlantic tunnel, observe hammerhead sharks on the 10th floor of the tower, and see the sea sharks in the sea chamber. In the tropical house you can see monkeys, crocodiles, giant snakes and tarantulas. Another attraction here is the magnificent view from the roof terrace, where you can enjoy a magnificent view of the city.
|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.