Update from the developer:
The foundation is ready and the next construction steps are currently being implemented. The sales documents are currently being coordinated and finalized so that the sale of the individual residential units can begin shortly.
In the project 'Klopstockgasse 4', an apartment building in an exclusive construction method is being built with a total of 14 privately financed freehold apartments between 30 m² and 68 m² with a weighted living area of 575 m². The residents of the house have access to a pram storage room and a general garden 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 6.25% 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.
After the purchase of the property, the building permit was successfully obtained and construction work began.
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.
The 17th district in Vienna, also known as 'Hernals', is appreciated by its 57,546 inhabitants mainly because of its simultaneous proximity to the city center (university and town hall district, old and new AKH) and to local recreation areas.
A total of 14 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 the planning, with a weighted living area of 575 m² and state-of-the-art equipment.
EL-CO GMBH is a well-known real estate investor and developer in the Vienna area whose field of activity includes the entire organizational and commercial handling of construction projects, especially in the area of new buildings and the renovation of apartment buildings. The responsible project manager and partner Artur Babadschanov has many years of experience in the real estate segment.
For the purpose of partial financing, Klopstockgasse 4 Projektentwicklungs GmbH intends to raise qualified subordinated loans of up to € 500,000.
The borrower is the owner of the property with the address Klopstockgasse 4 in 1170 Vienna. A total of 14 residential units with a weighted living space of 575 sqm will be realised. The properties have already been acquired, the planning phase has been completed and planning permission has already been granted. Construction is expected to be completed by summer 2021.
During the term, the lender receives of 6.25% per year.
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.
Cost of acquisition
Expected sales proceeds
|30.04.2021||Paid||No||06 April 2020, 00:00|