Already refunded

Undstraße 8



4.5% p.a.


48 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 "Undstraße 8" is an almost fully let apartment building in a prime location in Krems on the Danube. The apartment building with a total of 16 rentable units plus 7 car parking spaces has a usable space of around 1,150m². In total it currently generates a net rent of €65,000 per year.

Krems is a town in Lower Austria with about 25,000 inhabitants, known for its location within award-winning wine-growing areas and also as a trading town with direct access to the Danube. Viticulture plays an important economic role, which has earned Krems the title "White Wine Capital". In addition to domestic and international companies, several universities have also settled in Krems in recent years, which is reflected in the strong demand for rent.

For the first time, Rendity offers investors the opportunity to participate in a rented existing building in Krems and to profit from quarterly interest distributions of 4.50% p.a.


Krems on the Danube is the fifth largest city in Lower Austria with 24,876 inhabitants (as of 1 January 2019) and is located 70 km west of Vienna. As a statutory city, it fulfils the tasks of both a municipality and a district, and is also the administrative centre of the Krems-Land district. Today, the city is a trading city, a city of culture as well as a school and university centre.

Discover the surroundings

In recent years a number of universities have settled here, which have a great influence on the cityscape and attract thousands of students to Krems every year. Undstraße 8 is a few minutes away from the Donau Universität Krems and the Karl Landsteiner Private University. In a quiet side street, residents can find everything that makes life in Krems: excellent infrastructure due to the proximity to the old town and easy access to the Danube and the vineyards.

Danube University Krems

The University for Continuing Education Krem (until 30 March 2004: University Centre for Continuing Education with the name Danube University Krems) is a university in Krems on the Danube jointly run by the Republic of Austria and the Province of Lower Austria, which offers in-service continuing education courses. The university is divided into three faculties, with the Faculty of Health and Medicine being the largest with about 47 percent of the students.

Karl Landsteiner Private University

The Karl Landsteiner Private University for Health Sciences (abbreviated as KL) is an Austrian private university based in Krems on the Danube. The 24 university clinics of the KL are located at the University Hospital Krems (approx. 460 beds), at the University Hospital St. Pölten (approx. 1140 beds) and at the University Hospital Tulln (approx. 440 beds). The courses of study were accredited by the Agency for Quality Assurance and Accreditation Austria (AQ Austria) at the end of November 2013 and were awarded their seal of quality.

Old town (Unesco cultural heritage)

While the old town of Krems withdraws nobly to the mountain slopes, Stein lies directly on the river. The prosperity of the former port town of Stein is still amazing today: richly decorated portals, oriels and architectural treasures such as the Göttweigerhof, the Minorite Church and the parish church. Those coming from the Danube walk across the town hall square, past the Johannes Nepomuk monument and the baroque town hall along the Steiner Landstraße - past the Krems Art Gallery, the Caricature Museum and the Und Monastery - to the Steiner Tor. This is the only remaining one of the four city gates of Krems and is decorated with inscriptions and coats of arms. This is where Krems' old town begins with the Upper and Lower Landstraße, which has been the main axis of the city since the Middle Ages. A short walk leads to the Gozzoburg, the churches and the town hall from the 16th century, the Göglhaus at the daily market, the Simandlbrunnen, where a wine festival is held every year in June, and the Dominican church.

Krems railway station

The railway station Krems an der Donau is a through station and railway junction in the central region of Lower Austria. It is the end point of an electrified branch of the Franz-Josefs Railway (opened in 1872, electrified in 1982) and the starting point of the non-electrified lines to St. Pölten Central Station (opened in 1879) and to the Wachau (Danube bank railway; opened in 1909).

On the eastern Danube bank railway, however, only seasonal nostalgia trains run during the summer months, and scheduled passenger and freight trains no longer operate on the Krems-Sarmingstein section. It is one of the western border points of the VOR (Verkehrsverbund Ost-Region). The station has a multi-storey car park with free parking spaces (Park&Ride) and covered bicycle parking is also available.



JP Immobilien Group was founded more than 25 years ago by business partners Daniel Jelitzka and Reza Akhavan. It is one of the most active and successful market players in the Austrian real estate industry with a focus on Vienna. It is still owner-managed and therefore completely independent. According to the principle "Real Estate Business is People Business" all customers are personally attended to. The many years of experience, the know-how and the competence of our colleagues stand for sustainable real estate specific solutions for the benefit of our customers. Regardless of whether it is a matter of satisfying a residential need or optimizing the earnings of an entire real estate portfolio.

JP Immobilien

JP Immobilien

Dr. Daniel Jelitzka
Dr. Daniel Jelitzka
Reza Akhavan
Reza Akhavan