Project Presentation

In the project "Weizengasse 1-3'' a multi-storey complex with a total of 4 single-family houses and a weighted living area of 495 m² is being built. All houses have open spaces such as terraces or gardens. With the sustainable construction method, special emphasis was placed on well thought-out floor plans.

The compact residential complex is quietly located at the upper street of Leopoldsdorf with many sports facilities in the green, surrounded by single-family houses. The residents of the apartment building complex benefit from the proximity of the Wienerbergs and the Oberlaa subway station to provide all the amenities for daily needs. Transportation connections for cars are provided by the Rothneusiedel highway access road, which allows quick access to the superordinate Wienerberg traffic junction. The city center of Vienna can thus be reached within a few minutes.

The property has already been purchased and the planning of the project is in full swing. Construction work is scheduled to begin in the first quarter of 2021 and should be completed in the first quarter of 2022.

Deal Highlights

Attractive interest rates - 6.50% annual payout

Investors receive an annual interest rate of 6.50% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid to the investors at the end of the maximum term of 18 months.

Security through guarantee of the managing partner

There is a liability in the form of a hard letter of comfort in the amount of the loan amount issued by managing partner Markus Hartmann.

RENDITY Instant interest - interest from the 1st day

Investors receive immediate interest from the moment they pay in their investment, which is paid out after the subscription period has expired. With the Rendity Sofortzins investors receive for their invested capital not only interest for the loan term, but also for the time before. This means that investors also receive interest on their investment during the subscription period. The immediate yield is already paid out to the wallet after the end of the subscription period.

Housing estate according to the most modern standard

The project will create a compact residential complex with a total of 4 single-family homes and a weighted living area of 495 m². The ideal use of space on the property creates an airy atmosphere and an excellent feel-good climate.

Green location in the 10th district

The property at Weizengasse 1-3 is located in the south of the 10th district of Favoriten in Vienna. Situated on the Liesing and known for its numerous wine taverns and vineyards, Oberlaa is a popular excursion destination and recreational area for the Viennese population.

Investment Case

The borrower is the owner of the property with the address Weizengasse 1-3, 1100 Vienna. A total of 4 single-family houses with a total living space of 495 m² plus terraces of up to 69 m² and garden areas of up to 48 m² will be built.

The acquisition of the property has already taken place, the planning documents will be submitted shortly by means of §70b Vienna Building Regulations in a simplified approval procedure. Construction will start shortly and is expected to be completed by the 1st quarter 2022.

Annual distributions:

During the term of the loan, the lender will receive an annual distribution of 6.50%.

Short term:

The lender receives its invested capital back after the sale of the apartments. According to planning, this is to take place after a maximum of 18 months.

Financials

Purchase price property
480.000 €
Incidental purchase costs
39.360 €
Planning costs
20.000 €
Construction costs
920.000 €
Demolition costs and clearing
70.000 €
Fees
50.000 €
Connection costs
20.000 €
Total investment costs
1.639.360 €
Expected sales revenues
2.341.600 €
Estimate profit
702.240 €

Finance Structure

Location

Explore the surroundings

The property is located in Leopoldsdorf, a part of the 10th district of Vienna. In Leopoldsdorf, in addition to numerous green spaces, the nearby Oberlaa thermal spa and the extensive gardens of the Oberlaa Kurpark are located.

Kurpark Oberlaa - Vienna's oasis in the 10th district

Far away from the hustle and bustle of the city but still in Vienna, the Kurpark Oberlaa offers a place to take a deep breath. Whether for relaxation or for sports and games, there is something for everyone. Where once there was only loam, there are now around 2,400 roses, various gardens as well as play and sports facilities. Japanese Garden The 600 square meter facility is located in the middle of the Oberlaa spa gardens. In the center there is a pond with a stone bridge and 2 stone lanterns. The planting is based on the customs of Japanese gardens, for example Japanese maple, rhododendrons, dogwoods or dwarf bamboo.

Generali Arena

The Generali Arena (until 2010 Franz-Horr-Stadion) is a soccer stadium on the Favoritner Laaer Berg in the Austrian capital Vienna. It has been used as a home stadium by the Bundesliga club FK Austria Wien since 1973 and has a capacity of 15,000 to 17,500 spectators. The original stadium was built in 1925 as České-srdce-Platz by the then first division club SK Slovan Wien. In 1974 it was named after WFV President Franz Horr, who died shortly before. Since 2011 the stadium has been named after the Generali insurance group.

Shopping City South

The largest shopping center in Austria has been in existence since 1976 and is also one of the largest shopping centers in Europe. With over 192,500 m² of retail space, the SCS offers space for more than 300 business, gastronomy and entertainment operations and also houses its own cinema. With 10,000 parking spaces, the SCS is primarily geared to car traffic and enjoys great popularity even beyond the borders of Germany. Every year more than 23 million visitors from Austria to Hungary and Slovakia visit the SCS and it offers a unique brand selection and shopping experience.

Pyramid Vösendorf

The event location in the pyramid in the neighboring community of Vösendorf is a 40-meter high multi-purpose hall, which with its striking pyramid shape represents an architectural landmark. At present the plexiglass steel construction with its outbuildings is operated as an event hotel pyramid in which trade fairs and congresses are regularly held. The pyramid was built in 1983 as an extension of the Shopping City Süd shopping center on the initiative of SCS operator Hans Dujsik. Originally, the pyramid was initially used as an exclusive swimming pool ("El Dorado") with sauna operation from the year 2000, whereby a tropical atmosphere was created by planting palm trees and the glazed pyramid ceiling. In the year 2000 the original use as a tropical swimming pool was discontinued and the pyramid was converted into a multi-purpose hall for congresses and other events.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
DurationUp to 18 months
1
Existing Bank FinancingYes
Pre Sales>20%
1
Total
10
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