Update from the developer:
The planning for Mariengasse 12 is 95% complete and the developer can inform you that the plans will be submitted next week. Construction is expected to begin in March 2021.
The project 'Mariengasse 12' is an extensive renovation and general refurbishment of the property with a total of 21 residential units and 2 commercial areas in the middle of the 17th district. The revitalization property is in a good location close to all important amenities of daily life.
After completion of the construction work, the 21 generally renovated or completely revitalized old apartments and 2 commercial areas will be offered for sale. A total of 1,573 m² of usable space including open spaces, terraces and gardens will be created. The residential units will be built with a special focus on contemporary and comfortable construction. Special attention will be paid to the use of high-quality materials.
The purchase financing of the project has already been secured by debt and equity, so that the realisation can take place immediately. The planning phase has been completed and the building permit has already been issued. Construction is scheduled to begin in 2021 and the sale is planned for summer 2022.
Investors receive an annual interest rate of 7.00% 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 term of a maximum of 24 months.
There is a liability in the form of a hard letter of comfort in the amount of the loan amount issued by the parent company DEMAX Holding.
Investors receive immediate interest from the time they pay in their investment, which is paid out at the end of the subscription period. With the Rendity Sofortzins investors receive interest for their invested capital not only 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 accrued immediate yield interest is paid out to the Wallet after the end of the subscription period.
A total of 21 exclusive residential units with a weighted floor space of 855.67 m² are being built in a residential complex in which great importance was attached to modern, attractive and contemporary architecture. Special attention was paid to the modern façade and floor plans optimised for different target groups.
For years Vienna has been enthroned at the top of the cities with the highest quality of life. This year again, the Viennese blend of quality of living, first-class cultural offerings, local recreation areas and public transport infrastructure took the top spot in the international study 'Quality of Living 2019' by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high. Since 2020 Vienna has also been the most beautiful city in the world according to 'Ipsos'.
For the purpose of partial financing, Mariengasse 12 Errichtungs GmbH intends to take up qualified subordinated loans of a maximum of € 600,000.
The borrower is the land registry owner of the property at Mariengasse 12 in 1170 Vienna. A total of 21 residential units with a weighted usable residential area of 2,200 sqm and 2 commercial units will be realised. The properties have been acquired, the planning phase has been completed and the building permit has already been issued. Construction is scheduled to start in 2021. It is expected that construction work will be completed by summer 2022.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will get back its invested capital after the sale of the apartments. According to the plan, this is to take place after 24 months.
Cost of acquisition
Expected sales proceeds
The 17th district or also called 'Hernals' is a district in the northwest of Vienna and borders on the districts of Penzing, Ottakring, Josefstadt, Währing and Döbling. Approx. 57,180 inhabitants live on an area of 11.35 km². Hernals, the 17th district of Vienna, is appreciated by its inhabitants because of its simultaneous proximity to the city centre (university and town hall district, as well as the old and new AKH) and to local recreation areas such as the Schwarzenbergpark or the Schafberg. A characteristic feature of Hernals is its strong demographic mix. Thus one finds Wilhelminian-style quarters next to municipal housing estates, cottage areas and old town centres. The diversity of the district can already be seen in its topography: the hilly foothills of the Vienna Woods are located in the west of the district and flatter towards the city centre. More dense and urban development can be found the further one moves towards the city.
Mariengasse 12 is located in the centre of a residential area with low traffic volume outside the 'Gürtel', Vienna's main artery. The immediate proximity to local recreation areas means that this location offers recreation through green spaces and local recreation areas as well as the amenities of a modern city district with extensive social, educational, cultural and sports facilities and various local amenities. The connection to the public transport network is also provided by bus lines and the underground station Alser Straße. Within a few minutes you can reach the city centre directly with the underground line U6. The bus line 46B takes you to the Heuberg, an extensive local recreation area.
The Vienna General Hospital is one of the largest hospitals in Europe and the largest in Austria. It has over 2,000 beds and employs almost 10,000 people, about one sixth of whom are doctors. Every year, half a million patients are treated in the wards and 397 outpatient clinics. The AKH is an important pillar of Vienna's health care system. It is also the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. Due to the large number of people passing through and the number of jobs, the AKH Vienna is a special feature of the surrounding residential property market.
The probably most famous Viennese confectionery factory has its original production site in Wilhelminenstraße in the middle of Hernals. Since its foundation in 1890 the product range has been constantly expanded, but most people associate the slogan 'Manner mag man eben' with the unmistakable men's wafers. And exactly these are produced here in Hernals by 400 employees in the main factory, which also serves as the company headquarters.
And sports fans are not left out either: nearly all ball sports (football, handball, volleyball, basketball, tennis, beach volleyball, squash, la crosse) are represented at the Postsport Verein Wien. a 400-meter running track and several restaurants and bars including sauna and outdoor pool round off the offer. More than 100 parking spaces are available for members and guests in the immediate vicinity.
The present park was created in 1905 after the former Hernals municipal councilor Lorenz Bayer. The Hernalser Park offers new training equipment to the residents and is considered an active park for outdoor activities as well as sports. In addition to the Lorenz Bayer Park, the Türkenschanzpark, named after the second Turkish siege, offers residents of the 17th district a large leisure world with streetball, beach volleyball, basketball and skating facilities as well as extensive recreational areas on 2,500 square metres. The observation tower offers a breathtaking view of Vienna and the Vienna Woods. In 1991 the Turkish Yunus-Emre-Fountain (corner Feistmantelstraße/Dänenstraße) was handed over by the then Turkish ambassador as a sign of friendship between Vienna and Turkey. Due to its topography, the Türkenschanzpark is a very attractive landscape and, because of its ponds and streams, waterfalls and fountains, it is still very popular with the population as an excursion destination.
The DEMAX GROUP relies on many years of experience in the field of real estate investments, whose focus is on information-rich consulting for low-risk investments and an above-average return. The Demax Group has succeeded in all matters of the real estate industry, from the planning of projects and financing to the development and - last but not least - the sale of real estate. The existing know-how combined with trust, reliability and sustainability are the cornerstones that make up the Demax Group.
|29.06.2020||Paid||No||29 June 2020, 12:02|