Hotel in Meidling

 Development loan
Vienna,
Austria
614 914 €
Raised Of 1 000 000 €
7.2%
Annual yield
-
LTV
Term: 36 months
Mortgage rank:
Second
Interest payment schedule:
At Project Completion
Invest:

Descripton

EvoEstate description:

Rendity description:

Project Presentation

The project in question is a hotel development project near Meidling railway station and Euro Plaza, one of the most important office locations in Vienna. The central property extends from Karl-Löwe-Gasse 36 to Wilhelmstrasse 19 in 1120 Vienna and comprises two buildings. The property was the former Schnapsmuseum in Vienna and will be comprehensively revitalised or extended in the course of this project.

A total of 87 guest rooms as well as a lobby and catering area on the ground floor are planned on the 6 floors. The project will be realised by PECADO Immobilien in cooperation with VTPlan, which has been active for more than 10 years in the planning, consulting and development of numerous hotel and tourism resorts and has implemented more than 100 hotels in the 3 and 4 star categories internationally.

Investment-Case

For the purpose of partial financing, KLG36 Immo GmbH intends to raise qualified subordinated loans of up to € 1,000,000.

The borrower is the land register owner of the property EZ 556 KG 01305 with the property addresses Karl-Löwe-Gasse 36 and Wilhelmstraße 19 in 1120 Vienna. The project consists of two buildings, which will be revitalised and extended to create 3,000 m² of usable space. The acquisition of the properties has already been completed, planning activities are in full swing and construction activities will start shortly.

Yearly distribution:

During the term, the lender receives of 7.20% per year.

Short term:

The lender gets back his capital after the hotel project has been realised. This should be done according to the planning after 36 months.

Location

Discover the surroundings

Euro Plaza

The Euro Plaza is a 212,000 m² business park in Vienna-Meidling designed by the Viennese architects Neumann und Partner. It is located directly on Wienerbergstrasse west of the Wienerberg recreation area. The Euro Plaza consists of seven buildings and several office buildings, as well as a parking garage. Among others, companies such as Microsoft Austria, Sony Austria and Hewlett-Packard have their branches there.

Business Park - Wienerberg City

Wienerberg City is a district in Favoriten and forms the largest skyscraper cluster in Vienna alongside Donau-City. The former headquarters of Philips Austria was built on the site of the former brickworks site. Gradually more skyscrapers were erected, so that today it is seen as a separate part of the city. In total, the modern part of the city accounts for approx. 230,000 m2 of total usable space, of which approx. 130,000 m2 is office and retail space. Of the 8 buildings in Wienerberg City, 3 have a height of over 100m. A cinema, a shopping centre, a hotel and educational facilities round off the offer.

Bahnhof Wien Meidling

The station Wien Meidling is the second most important station in Vienna after the main station. The station Meidling is located approx. 3 km west of the main station. To the west of Meidling station, the long-distance routes branch off to the west and south. All ÖBB long-distance trains run between Meidling station and main station. To the east of the main station, the long-distance lines branch off to the north and east. All long-distance trains (except those coming from the east and ending at the main station) can also be boarded at Meidling station. In addition, the WESTblue line to Salzburg has been operating since December 2017. The station adjacent to the railway station Bahnhof Meidling of the underground line U6 was called Philadelphiabrücke until October 4, 2013. The Badner Bahn, the tram line 62 and municipal bus lines serve the station Bahnhof Meidling.

Schloss Schönbrunn

Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace and its 160-hectare park are UNESCO World Heritage Sites. Under Empress Maria Theresia, Schönbrunn Palace attained its present form and served as the summer residence of the Austrian imperial family from the middle of the 18th century until the end of the First World War. During this time, the castle was almost continuously inhabited by a court consisting of several hundred people and became a cultural and political centre of the Habsburg Empire. During the Austro-Hungarian Monarchy it was also called 'k.u.k. Lustschloss Schönbrunn'. The spacious surrounding park can be used for extensive walks and long laps.

 

 

Project originated by:

Documentation

614 914 €
Raised Of 1 000 000 €
7.2%
Annual yield
-
LTV
Term: 36 months
Mortgage rank:
Second
Interest payment schedule:
At Project Completion
Invest: