Hauptstraße 42

 Development loan
Vienna,
Austria
6.8%
Annual yield
Term: 24 months
Mortgage rank:
Second
Interest payment schedule:
Annually
Interest payments
06.04.2020
Paid

Project updates

Login to subscribe on project updates

Ask a question

, please create your nickname:
@
Allowed characters: a-z, 0-9. Min 3 characters
${question.length}/${maxQuestionLength}

Descripton

Project Presentation

The project 'Hauptstraße 42' will create a modern residential complex in an exclusive construction method with a total of 32 privately financed owner-occupied apartments with a weighted living area of approx. 2,711 m² and 500 m² of garden areas. The residents of the house will have 64 parking spaces in the basement as well as a pram and bicycle storage room. Situated in the middle of the Vienna Woods and only 16 km west of Vienna, the project offers modern living in the countryside in a sought-after residential area. The new building project is located directly in the centre of the village - so that all the daily chores can be easily done on foot or by bike. In addition to the connection to the Westautobahn, the railway station Tullnerbach-Pressbaum is not far away. From there you can reach the city centre of Vienna in less than 30 minutes.

The needs of different target groups were taken into account in the planning. For example, the room layout was adapted to different living situations. A contemporary and comfortable construction method was used in the implementation. The floor plans of the project are designed in such a way that both owner-occupiers and buyers of retirement apartments can be addressed in the realisation.

Deal Highlights

Attractive interest rates - 6.80 % annual payout

Investors receive an annual return of 6.80% 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 24-month term.

Building permit has already been granted

After the purchase of the property, the building permit was successfully obtained and construction work will begin shortly.

Safety through personal liability

Personal liability in the form of a hard letter of comfort in the amount of the loan amount issued by the managing partner.

Greater Vienna

The Vienna Speckgürtel is the region of Austria with the strongest population growth. For the year 2030, 3 million inhabitants are already expected in the greater Vienna area. Tullnerbach is part of the Vienna Speckgürtel and only 16 km away from Vienna. Tullnerbach is well connected to Vienna both by rail and the Westautobahn.

Rendity Instant Interest

Investors receive from the deposit of the investment the Rendity Instant Interest, which will be paid after the funding period. With the Rendity instant interest, you not only receive interest on your invested capital for the loan term, but also for the time before that. Thus, you already receive interest for your investment during the funding period. You will receive your Rendity Instant Interest at the end of the funding period.

Apartment buildings according to the most modern standard

A total of 32 exclusive residential units with a weighted living area including open spaces of 2,711 m² and state-of-the-art equipment will be created.

Investment-Case

For the purpose of partial financing, K3 Immobilienentwicklungs GmbH & Co HS 42 KG intends to take up qualified subordinated loans of up to € 900,000.

The borrower is the owner of the property with the property address Hauptstraße 42, 3011 Tullnerbach. A total of 32 residential units with a weighted usable residential area of 2,711 m2 and 500 m2 of garden areas will be implemented. The properties have already been acquired, the planning phase has been completed and construction work is starting in February 2020. Sales of the apartments have also already started. The planned completion date is summer 2021.

Yearly distribution:

During the term, the lender receives of 6.80% per year.

Short term:

The lender receives his invested capital back after the sale of the apartments. According to the plan, this should take place after 24 months at the latest.

Project originated by:

Documentation

6.8%
Annual yield
Term: 24 months
Mortgage rank:
Second
Interest payment schedule:
Annually
Interest payments
06.04.2020
Paid
Get emails about all
Rendity
projects