Funded successfully

Weißenböckstraße 41

Vienna

Return

7.75% p.a.

Duration

24 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The project "Weißenböckstraße 41" is a new construction project of a modern residential complex with a total of 4 houses. The property includes the plot with a land area of 818 m². The total usable area of the residential units is to be approx. 476 m². All residential units shall have a garden, as well as two terraces in the attic. Three of four houses have already been pre-sold.

The property is located in an excellent residential area in Vienna Simmering - in the 11th district of Vienna. Local amenities are within walking distance. Doctors, kindergartens and schools are easily accessible. The famous Vienna Central Cemetery is only a few minutes away from the property. Vienna's city center can be reached in just 20 minutes by bus and subway. Vienna's city center can be reached in just 20 minutes by bus, S-Bahn and U-Bahn. The Vienna-Schwechat airport can also be reached in less than 20 minutes with the express train S7.

The purchase of the property has already been made and the issuer is already the owner of the property. The issuer successfully sold 75% of the units. Construction will start in the 4th calendar quarter of 2022 and end on schedule in the 3rd calendar quarter of 2024.

Laura Bauträger is a long-standing and successful partner of Rendity. Through crowdfunding, 5 projects have already been successfully financed- 3 projects with a volume of 1.1 MIO have already been successfully repaid.

Deal Highlights

Laura Bauträger GmbH - long-time partner of Rendity with already five financings

The project developer Laura Bauträger GmbH has already financed 5 successful projects with the help of the Rendity investor community. Of these, 3 projects with a total volume of 1.1 MIO have already been successfully repaid. Laura Bauträger is a real estate development company based in Vienna that specializes in residential real estate. The project company places particularly high value on quality and sustainability. With years of experience and numerous, presentable reference properties in Vienna and the surrounding area, Laura Bauträger GmbH describes itself as a reliable and stable real estate partner.

Attractive interest rates and short term - 7.75% yield with a term of only 24 months

Investors receive an annual interest rate of 7.75% on their invested capital. The interest is distributed every year. The capital invested is repaid in full to the investors at the end of the maximum term of 24 months.

Building permit available & 3 out of 4 houses already pre-sold

The issuer is already the owner of the property and the building permit and the contracts for the implementation of the construction measures have been obtained. The construction measures will start in the 4th calendar quarter of 2022 and will end as scheduled in the 3rd calendar quarter of 2024. Three houses have already been successfully pre-sold, so there is only one unit left to rent.

RENDITY Immediate interest - interest from the 1st day

Investors receive the Rendity immediate interest from the moment they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. This means that investors also receive interest on their investment during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Imposing residential complex in the 11th district of Vienna

The property is located in the immediate vicinity of the Vienna Central Cemetery. Vis-à-vis the property is a bus stop that leads directly to the subway station Simmering. Thus, one can reach the Vienna city center in about 20 minutes and benefits from a "quieter" location in Vienna. With the S7, which is only a 6-minute walk from Weißenböckstraße 41, the center of Vienna as well as the airport Schwechat can be reached in less than 20 minutes.

Investment Case

The borrower is the registered owner of the property with the address Weißenböckstraße 41, 1110 Vienna. In the course of the new construction project 4 imposing terraced houses with a total floor space of 476 m² will be built. The property covers a plot area of 818 m². Each of the 4 houses will have an open space such as its own garden, as well as two terraces on the top floor. Here a 100% residential use is planned.

The aim of this issue is to partially redeem the own funds used, the financing of the construction measures for the new construction of the residential complex, as well as the subsequent individual sale of the four units. The construction start of the new building project is planned for the 4th calendar quarter of 2022. Construction activities are expected to be completed no later than the 3rd calendar quarter of 2024.

Annual Distributions:

During the term, the lender will receive an annual distribution of 7.75%.

Short Term:

The lender will receive its invested capital back after realization of the apartments. According to planning, this is to take place after a maximum of 24 months.

Financials

Purchase price of the property (including incidental costs)
860.000 €
Planning costs & marketing costs
90.000 €
Financing costs
60.000 €
Construction costs & incidental building costs
1.050.000 €
Total investment costs
2.060.000 €

Finance Structure

Location

Welcome to 1110 Vienna

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 growing vegetables agriculturally. 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.

Micro-location Weißenböckstraße

Nothing is worth more than a good location. The project "Weißenböckstraße 41" is located in the 11th district of Vienna, close to the famous Vienna Central Cemetery. All local amenities can be reached within a very short time. Supermarkets and doctors are thus in close proximity to the property. In about 20 minutes the subway station "Simmering", can be reached on foot. Directly opposite the property is the bus station "Pretschgasse". The city center of Vienna can be reached by bus and subway in about 20 minutes. The airport Vienna-Schwechat can also be reached within 20 minutes from the property.

Discover the surroundings

Simmering is the district where suburb and big city are combined. The historical origins of Simmering can be traced back to 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. The Weißenböckstraße property is located rather on the south-western edge of the district. The location can be described ideally as a place of rest, but also as an ideal place to get to the city quickly and easily.

Vienna Central Cemetery

With an area of 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. Because of the many honorary graves and Art Nouveau buildings, the Central Cemetery is also one of Vienna's sights.

Kurpark Oberlaa

The Kurpark Oberlaa is located on the southeast slope of the Laaer Berg in Vienna-Favoriten. Although the park is located in Vienna's 10th district, it is only a 10-minute drive from the property. Characteristic for the popular spa park is its division into different spa areas and the large number of water areas. Since its creation, the spa park has been in a constant process of development and change. The rose hill, which is located within the area, was completely replanted in 2019. In addition to roses, grasses, lavender and other perennials are increasingly used in combination. Among other things, you will also find the Allergy Garden, the Baroque Fountain Garden, a flower labyrinth, the Film City and a Japanese Garden. Furthermore, you will also find much more that will delight young and adult.

Simmeringer Hauptstrasse

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 the Simmeringer Hauptstraße can be found in the 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. The Simmeringer Hauptstraße leads via Enkplatz to the U3 terminus Simmering and ends at the Central Cemetery of Vienna.

Gasometer

The four former gigantic gas containers were revitalized around the turn of the millennium and now offer a huge entertainment center as well as an event hall, about 600 apartments and a student dormitory. The original 6 gas tanks have been considered landmarks 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 village character was developed by one of the four architects Jean Nouvel, Wolf D. Prix, Manfred Wehdorn and Wilhelm Holzbauer.

Simmeringer Haide and Albern Harbor

The former pasture area and the topographically rather inconspicuous Simmeringer Haide today contribute 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.

location-Weissenboeckstrasse_41_d40e71027e

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
Total
11
B
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

Laura Bauträger GmbH only uses high-quality building materials. The individual building components are all coordinated and are subject to the strictest quality criteria. We play it safe and you benefit, because our work lasts "a lifetime".

With our experience and our numerous, presentable reference objects in Vienna, Lower Austria and Burgenland, you can see us as a reliable and stable partner. In recent years, we have increasingly shifted our focus to project construction and have already realised several of these plans.

Laura Bauträger GmbH

Laura Bauträger GmbH