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.
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.
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 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.
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.
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.
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.
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.
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.
|Track Record||More than € 250 million developed|
|Duration||36 months or more|
|Existing Bank Financing||Yes|
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