The property "Wilhelminenstraße 72" is an almost fully let 3-front building in a good location near the Wilhelminenberg in Vienna-Ottakring. The impressive apartment building comprises a total of 26 units, which are already parified and have a total usable floor space of more than 1,500m². Recently the complete facade and not too long ago the staircase was renovated. Furthermore, all street-side windows were replaced and provided with external blinds.
The project is already very well rented and currently generates a net annual rent of € 123,276. The current average rent of € 6.84 /m ² still offers great potential upwards, in addition, 500m ² attic conversion can be realized in the future.
The house is surrounded by all important amenities of daily needs and is excellently connected to the public transport network due to its proximity to the subway station Ottakring. Various recreational activities are in the immediate vicinity, and the extensive post office sports field in the 17th district can be reached in a few minutes. Outside the city, Neuwaldegg on the edge of the Vienna Woods is an excellent starting point for local recreational opportunities.
The borrower is the registered owner of the property with the address Wilhelminenstraße 72, 1160 Vienna. The apartment building comprises 26 rental units with a usable floor space of 1,500m². In total, annual net rental income of approximately € 123,276 is currently achieved. Recently the complete facade and not too long ago the staircase were renovated. Furthermore, all street-side windows were replaced and fitted with external roller blinds.
The property was purchased using debt and equity. The aim of the crowdinvesting campaign is to partially redeem the equity capital used.
During the term, the lender receives an annual interest rate 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 Wilhelminenstraße 72 convinces with its central location in the heart of the 16th district. Stores for everyday needs are partly within walking distance. Residents of Ottakring appreciate Ottakring for its multicultural diversity and its urban ambience. Known as "Balkan Street," Ottakringer Strasse is lined with numerous Serbian cafes. Turkish specialties are offered at the bustling Brunnenmarkt street market. Around nearby Yppenplatz are hip restaurants with outdoor areas on the square. On the western edge of Ottakring, the Vienna Woods beckon with hiking trails and a panoramic view of the city from Wilhelminenberg.
The Brunnenmarkt is Vienna's longest street market and stretches along Brunnengasse from Thalia Strasse to Ottakringer Strasse. On weekdays there are around 40 to 50 stalls at the market, while on Saturdays there can be 120. This makes it the second largest inner-city market in Vienna after the Naschmarkt and the largest in Ottakring. A lively and colorful culinary scene has established itself around the Brunnenmarkt.
The Wiener Stadthalle is the largest event center in Austria and among the leading event locations in Europe. In total, the Wiener Stadthalle comprises six event venues and a large sports area including a swimming pool and ice rink. Every year, more than 300 events are held here; from top international acts and the ATP tour stop "Erste Bank Open" to cabaret and musicals, there is something for every taste.
All winter sun worshippers in the 16th district are recommended to visit Yppenplatz and the gastronomic establishments located there. Whether it's breakfast at Dolce Lago, a quick coffee at Café Frida or an after-work Spritzwein at Wirr next to the large window front, the cozy locations are waiting for your visit and, thanks to the adjacent Brunnenmarkt, also provide numerous regional delicacies. But also in the rest of the months you will meet a cool and relaxed atmosphere and delicious offers in the cozy cafes. For more info, check out our post about cafés waiting for your visit in the 16th district.
Wilhelminenberg Castle, built in the 18th century, is located on the western edge of Ottakring on the Gallitzinberg. Originally designed as a hunting lodge and summer residence for Prince Demetrius Michalowitsch von Gallitzin, the Russian ambassador to Vienna at the time, Schloss Wilhelminenberg is now used as a hotel. The extensive park invites you to take walks with a magnificent view over Vienna. Ottakringer Brewery The Ottakringer Brewery is home to Vienna's brewing tradition and, as such, is an important part of Vienna's culinary culture. The brewery was founded in 1837 by master miller Heinrich Plank after the monastery of Klosterneuburg, the lord of the manor at the time, granted the brewing permit. In 1850, the business was moved to the brewery building that still exists today, and over the following decades it was expanded into a large-scale brewery. In peak years, up to 350,000 hectoliters of beer are produced here.
|Track Record||More than € 250 million developed|
|Duration||36 months or more|
|Existing Bank Financing||Yes|
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