The property "Urschenböckgasse 8" is an impressive apartment building in Vienna's 11th district Simmering, which consists of 11 existing units. It is an apartment building, which consists of a basement, mezzanine floor and three upper floors. In addition, there is an unfinished attic, from which around 175 m² of usable living space can be achieved.
The project has a high occupancy rate (86%) and currently generates a net annual rent of 42,600 €.
The building is surrounded by all major amenities for daily needs and is close to the center due to its proximity to the 3rd district of Vienna. Vienna's city center can be reached within a few minutes by U3. The nearby subway station connects the property with various transport options, especially via the Erdberg subway station. The very good transport connections via the A4 eastern freeway allow residents to reach Schwechat airport and Lake Neusiedl in a short drive. Urschenböckgasse is characterized by its quiet atmosphere, as there is no through traffic in the dead-end street. Unique for Vienna is Simmering for its high proportion of green land of almost 45%, which is used for vegetable farming. Simmeringer Hauptstraße, which runs right through the eleventh district, serves as the lifeline of the neighborhood with its up-and-coming stores, cafes and restaurants.
The borrower is the registered owner of the property with the address Urschenböckgasse 8, 1110 Vienna. The apartment building comprises a usable floor space of 680 m² as well as a potential attic floor space of approx. 175 m². In total, annual net rental income of approximately € 42,600 is currently being generated. The property owner plans to refinance the property and to optimize and renovate it.
The purchase of the property has already been completed and the issuer is already the owner of the property. The aim of the crowdinvesting campaign is to partially redeem the own funds used and to finance the refurbishment and optimization of the existing property.
During the term, the lender receives an annual distribution of 4.75%.
The Rendity interest deposit serves as a security for the investors. Before the start of each project, the respective borrower has 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.
The 11th district, also known as "Simmering", is located at the southern end of Vienna and borders directly on the Danube Canal. Unique for Vienna is the very high proportion of grassland of almost 45%, which is largely used for vegetable cultivation. Due to the proximity to the Danube Canal as well as the location at the city border, many traditional industrial companies such as Siemens, Steyr and other companies have settled in Simmering. Due to the very good traffic connection by the eastern freeway A4, on the one hand the airport Schwechat can be reached in a few minutes by car and on the other hand southeastern areas like the Neusiedlersee are only a short drive away, without having to drive through the city center. The lifeline of Simmering is the Simmeringer Hauptstraße, which crosses almost the entire district and connects Simmering with the inner districts of Vienna, as well as offering residents an excellent range of local suppliers, shopping centers and gastronomy.
Nothing is worth more than a good location. The "Urschenböckgasse 8" project is located within easy reach of the main train station and is close to the Erdberg U3 station, which means that the city center can also be reached in just a few minutes. Shopping opportunities are offered along Simmeringer Hauptstraße as well as on the shopping paradise of Mariahilfer Straße, which is connected by the U3. For leisure and recreational opportunities, the area along the Danube Canal is also ideal.
Simmering is the district where suburbia and big city come together. The historical origins of Simmering can be traced as far back as the Bronze Age. However, Simmering first gained economic importance around 1605 with a brewery, which was one of the most important sources of income for over three centuries. Urschenböckgasse 8 is located in the immediate vicinity of Simmeringer Hauptstraße with its numerous stores and restaurants. Both the transport connections through the Erdberg subway station and the local supply leave nothing to be desired for the residents.
Simmeringer Hauptstraße runs right through the entire eleventh district and forms the lifeline of the 11th district with countless stores, restaurants and cafés as well as several shopping centers. The origins of Simmeringer Hauptstraße can already be found in the Roman Empire. Thus, the Limesstraße was already used by soldiers to march to Carnuntum. Via the highway exit Gürtel/Landstraße the Simmeringer Hauptstraße can be reached at the northern end and borders St. Marx and the Vienna Biocenter. Simmeringer Hauptstraße leads via Enkplatz to the U3 Simmering terminus and ends at the Vienna Central Cemetery.
At almost 2.5 km², the Vienna Central Cemetery is one of the largest cemeteries in Europe. Due to the enormous area and the large wooded areas, the cemetery is also used as a recreational area. In addition to the diverse fauna, the Central Cemetery provides a habitat for around 20 deer and other animals such as kestrels, badgers and martens. Originally opened in 1874, the Central Cemetery is home to three million buried Viennese, significantly more than currently live in Vienna. Due to the many honorary graves and Art Nouveau buildings, the Central Cemetery is also one of Vienna's sights.
The four former gigantic gas containers were revitalized at the turn of the millennium and now offer a huge entertainment center as well as an event hall, around 600 apartments and a student dormitory. The original gas tanks have been considered a landmark of Simmering ever since they were built in 1896, as they could be seen from almost everywhere at a height of around 70 meters. Before the revitalization, the domed rooms were used for various exhibitions and even provided a unique film set for the James Bond film "The Touch of Death". For each of the four gasometers, an individual concept with a village character was developed by one of the four architects Jean Nouvel, Wolf D. Prix, Manfred Wehdorn and Wilhelm Holzbauer.
The former pastureland and topographically rather inconspicuous Simmeringer Haide today contributes significantly to the landscape of the 11th district. Since the Simmeringer Haide has been intensively farmed by farmers for vegetable and grain cultivation, glass houses stretch for miles and supply the Viennese and residents of Simmering with fresh vegetables. Thanks to its unique location and atmosphere, the former commercial port of Albern is nowadays used extensively for open-air events.
|Track Record||More than € 250 million developed|
|Duration||36 months or more|
|Existing Bank Financing||Yes|
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