Project Presentation

The property "Wieningerplatz 5" is an almost fully rented, historic apartment house with raw attic, in a good location near Schönbrunn Palace in Vienna-Rudolfsheim-Fünfhaus. The apartment building is one of the famous Wilhelminian style houses and has a very well preserved structured facade in its original condition. The apartment house comprises a usable area of 1,500m² plus raw attic. The unfinished attic can be used to create additional units.

The project is already very well rented and currently generates a net annual rent of € 65,000 with potential upwards through the creation of new units by, for example, the development of the raw attic.

The house is surrounded by all major amenities of daily needs and is excellently connected to the public transport network due to the proximity to bus line 10A, as well as various streetcar lines and the subway station Johnstraße (U3). Green areas such as the Auer-Welsbach-Park and also the Schönbrunn Palace Park, are within walking distance.

Deal Highlights

Velum GmbH - longtime partner of Rendity

Velum GmbH has already financed 7 successful portfolio projects with a volume of approximately € 3,700,000 with the help of the Rendity investor community. Of these, one project with a volume of € 350,000 excl. interest has been repaid to the investors. In total, more than € 180,000 in interest has already been paid out. Behind the borrower is the founder of the Velum Group with more than 15 years of real estate experience in Austria and Germany. The issuer's portfolio of apartment buildings and apartments is almost exclusively located in Vienna. In total, the portfolio comprises 33,500m² of usable space, divided into 625 rentable units. The majority of the portfolio is residential. Currently, the portfolio has a market value of approximately € 83,000,000.

Inflation-protected rental income of about € 65,000 per year

The project is already more than 82% leased and currently generates a net annual rent of € 65,000. The current rent still offers upward potential. Further increases in rental income are expected through the expansion of the unfinished attic and the possible division of units as well as the subsequent letting at market rents.

Security through the Rendity interest deposit

The Rendity interest deposit serves to secure our investors. Before the start of each project, the respective borrower has to deposit an interest deposit in the amount of the interest for half a year into a separate trust account. The interest deposit deposited by the borrower is subject to a fiduciary custody and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

Regular additional income - 4.75% p.a. Distribution every 3 months

Investors receive quarterly distributions of 4.75% p.a. on their invested capital during the term. The capital invested is repaid to investors at the end of the term.

Central location with ample recreational opportunities

Wieningerplatz 5 is centrally located in Vienna's 15th district Rudolfsheim-Fünfhaus. The project is close to Schönbrunn Palace and has excellent transport links via the Johnstraße subway station and bus line 10A and various streetcar lines.

Investment Case

The borrower is the registered owner of the property with the address Wieningerplatz, 1150 Vienna. The apartment building comprises a usable floor space of 1,497m². In total, annual net rental income of approximately € 65,000 is currently achieved. The owner plans to renovate the building. Within the next few years, the exterior façade and the common areas will also be renovated.

The property was purchased 6/7 in 2017 using debt and equity. The aim of the crowdinvesting campaign is to partially redeem the own funds used.

Distribution every 3 months:

During the term, the lender receives an annual distribution of 4.75%.

Interest Depot:

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.

Financials

Acquisition and redevelopment costs of the property
2.050.000 €
Incidental acquisition costs
250.000 €
Financing costs
60.000 €
Remediation costs
1.000.000 €
Reserve
150.000 €
Total investment costs
3.510.000 €

Finance Structure

Location

Welcome to 1150 Vienna

The 15th district, also known as "Rudolfsheim Fünfhaus, is located west of the city center of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport links, the 15th district is especially popular for its proximity to the old town. Mariahilfer Straße with its endless stores, restaurants and cafes is also particularly well known, the outer end of which belongs to the 15th district. Historically, after the second Turkish siege, the villages of Reindorf, Braunhirschen and Rustendorf were formed, which were united in 1863 to form the municipality of Rudolfsheim, with Fünfhaus to the east and Sechshaus to the south. In 1890 the three municipalities were incorporated. In the later Nazi period Rudolfsheim as well as Fünfhaus were united to form the 15th district, and from 1957 the 15th district acquired its present name "Rudolfsheim-Fünfhaus". Today, the 15th district is an up-and-coming district, centrally located and offering the best infrastructure and necessities for daily needs.

Micro location Wieningerplatz

Wieningerplatz 5 is surrounded by all important amenities for daily needs and is excellently connected to the public transportation network due to its proximity to bus line 10A, as well as various streetcar lines and the Johnstraße subway station (U3). Green spaces such as the Auer-Welsbach Park and also the Schönbrunn Palace Park, are within walking distance.

Discover the surroundings

The 15th district in Vienna, also known as Rudolfsheim-Fünfhaus, is located to the west of the city center of Vienna and is characterized primarily by its proximity to the city center. The 15th district has an excellent infrastructure with numerous local suppliers, shopping streets and transport links, and the Westbahnhof railway station and the Stadthalle are also located here. In terms of transportation, the Schweglerstraße subway station can be reached in just a few minutes on foot. To the southeast, Vienna Schwechat Airport is a 30-minute drive away, while to the north, numerous recreational areas including vineyards and wine taverns can be reached.

Mariahilfer Street

The outermost part of what is probably Vienna's best-known shopping street, Mariahilfer Strasse, is located in the 15th district and serves as a direct connection from the Westbahnhof train station to the city center. As the longest shopping street in Europe, Mariahilfer Straße stretches for almost 4 kilometers, on which many international brand stores can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Straße already functioned in former times as a special shopping street of the imperial and royal monarchy. Monarchy and even today it still contains local suppliers. Meanwhile, it has established itself as the center of Vienna's young and hip scene.

Vienna Stadthalle

The Wiener Stadthalle is the largest event center in Austria and among the leading event locations in Europe. In total, 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, the ATP tour stop "Erste Bank Open," to cabaret and musicals, there is something for every taste.

Westbahnhof

The Westbahnhof is an important transportation hub, from which the Westbahn runs to numerous Austrian provinces and cities. Numerous subway and streetcar lines also stop here. Underground is a shopping center with restaurants, above ground is the Mariahilfer Straße, which runs in front of the station building in a west-east direction and provides a direct connection to the city center.

Rating

A
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageManagement
1
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration36 months or more
3
Existing Bank FinancingYes
Pre Sales>20%
1
Total
8
A
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.

Team

We are professionals for everything that has to do with the purchase of apartment buildings, properties and other real estate. We take our job very seriously and offer first-class support, starting with a non-binding initial consultation and ending with a purchase transaction.

As an owner-managed company, our decisions are not dependent on committees or third parties. You communicate directly with the decision-makers - even the purchase is made directly. We do not act as intermediaries, middlemen or similar.

We use all our know-how as a successful and professional local investor and developer on the Vienna real estate market for you - with the focus on your goal, the rapid and profitable sale of your property.

Last but not least - we believe in fair cooperation; we are in friendly contact with many sellers even years after the purchase.

VELUM GmbH