Update from the developer:
The facade is largely completed and the gas connection is currently being installed. Then the tilers start laying work. The parquet flooring work will start at the beginning of January.
New photos of the progress have been added.
n the project 'Schrickgasse 1', a multi-family house in an exclusive construction method with a total of 17 privately financed freehold apartments between 32 m² and 110 m² with a weighted living area of 974 m² is being built. The residents of the house will have 3 car parking spaces in the basement and a pram and bicycle storage room on the ground floor.
Special emphasis was placed on sustainable construction and well-thought-out floor plans. During the planning stage, residential units for a wide range of target groups were created and the room layout was adapted to a wide variety of living situations. The residential units are implemented with special attention to contemporary and comfortable construction methods.
Investors receive an annual interest rate of 6.20% 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 18-month term.
After the purchase of the property, the building permit was successfully obtained and construction work began. The sale started on 25.1.2020 and 7 units have already been reserved.
Liability in the form of a hard letter of comfort in the amount of the loan amount issued by the parent company VMF Capital Invest GmbH.
Due to the capital-strong real estate partner, the entire project has so far been financed entirely with equity.
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 17 exclusive residential units in a new building in which great importance was attached to both the architecture and the floor plans in the course of planning, with a weighted usable living area of 974 m² and state-of-the-art equipment.
For the purpose of partial financing, Projekt S1 Immobilien GmbH intends to take up qualified subordinated loans of up to € 800,000.
The borrower is the owner of the property with the address Schrickgass 1 in 1220 Vienna. A total of 17 residential units with a weighted usable residential area of 974 sqm and 3 underground parking spaces will be realized. The properties have already been acquired, the planning phase has been completed and construction is already in full swing. The sale of the apartments has already started and 7 apartments have already been reserved. It is expected that the construction activities will be completed by the summer of 2021.
During the term, the lender receives of 6.20% per year.
The lender receives his invested capital back after the sale of the apartments. According to the plan, this should take place after 18 months at the latest.
The 22nd district, also known as 'Donaustadt', lies east of the city center of Vienna and is Vienna's most populous district. The 22nd district covers almost a quarter of the total area of the Vienna municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and local recreation areas, which account for almost 50% of the total area of the 22nd District, there are numerous large housing estates and single house settlements, such as the Donau City district, which is characterized by the office and high-rise residential buildings.
Historically, the 22nd district in its present form was created in 1954, and over time many housing estates have developed there, for example, the extraterritorial area of the UNO was created in 1979 and in recent years the office towers of the 'DC Towers' have opened there, of which Tower 1 is the highest building in Austria to date. Today, the 22nd district is an up-and-coming urban district with good infrastructural connections, many local recreation areas such as the old Danube and the urban district of Donaucity, which is characterized by office buildings and can be easily reached by underground lines 1 and 2. Vienna's largest shopping center, Donaucity, located in the 22nd district, is also particularly well known, with its endless shops, restaurants, and cafés.
The 22nd district in Vienna, also known as 'Wien Donaustadt', is home to a variety of leisure and recreation areas. Particular hotspots of the district are the Alte Donau, the area around Donau-City and the lakeside town of Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with sufficient space for family and sports activities.
Built-in 2009, Donauzentrum is a shopping center in Vienna's 22nd district and is within walking distance of Erzherzog-Karl-Straße. Over 250 business, gastronomy and entertainment facilities are located on an area of approximately 225,000 m², making Donauzentrum (together with the adjacent Donau Plex) the largest shopping center in Vienna. The Donauzentrum is characterized by its extensive shopping facilities and also houses a cinema and numerous restaurants. The shopping center can be easily reached by car and also by public transport - the U1 underground and various buses and tram lines stop directly in front of it.
The Donaupark is a park of around 604,000 m² in the 22nd district of Vienna Donaustadt. The Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse, and Hubertusdamm. Directly adjacent to the Donaupark, which originally reached as far as Wagramer Straße, is the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and finally the Copa Cagrana with the Danube Island to the New Danube. In the north, the Danube Park with the beach resorts along the Old Danube finds its limits.
The Alte Donau is an oxbow lake of the Danube in Vienna. It lies to the north-east of the New Danube, which accompanies the Danube's main river, but has no direct connection with the New Danube or with the Danube itself. The Alte Donau is a leisure and bathing area close to the city center, which can be reached by underground. Several very popular public beach resorts can be found along the banks, including the most famous of them, the Gänsehäufel. The Old Danube is ideal for water-related leisure activities and on summer days is often used for windsurfing and boating. Along the Old Danube, you will find a large number of sailing schools and boat rental possibilities.
VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the past few years, the Voithofer family has earned a reputation as a partner in real estate projects with handshake quality through VMF Immobilien. Several successfully completed projects and a network of long-standing, renowned partners and companies speak for continuity and trust.
'We attach great importance to high-quality architecture in the best locations. Modernity and functionality are the main focus. We accompany all our construction projects from the planning and construction phase to the turnkey handover'.