Gumpendorfer Straße 22

 Purchase Loan
Project listed: 21.07.2020
Vienna,
Austria
444 371.00 €
Raised Of 1 500 000.00 €
4%
Annual yield
Term: 36 months
Mortgage rank:
Second
Interest payment schedule:
Quarterly
Invest:
Interest payments
20.11.2020
Pending

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Risk rating

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Property type0
Loan Structure1
Pre-sales-2
Experience0
License0
Macro-location0
Micro-location0
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Investment length2
EBITDA Margin1
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Project rating
A
Originator rating
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Descripton

Project Presentation

The project 'Gumpendorfer Strasse 22' is an almost fully let apartment building with a central location in 1060 Vienna. This impressive apartment building comprises 14 rented units with a total usable space of approximately 2,346 m².

The trendy 6th district of Mariahilf in Vienna is bordered by Mariahilfer Strasse, a lively pedestrian zone with shops for fashion and lifestyle. Vienna's large Naschmarkt magically attracts gourmets with food stalls and open-air market stalls. The 'Haus des Meeres' aquarium is located in a massive flak tower from the Second World War. In the streets of the quarter you will find hip shops, classic Viennese coffee houses and some theatres.

The property 'Gumpendorfer Straße 22' is surrounded by all the important amenities of daily life and is excellently connected to the public transport network due to its proximity to the traffic junction Karlsplatz (underground lines, Badnerbahn, public transport). You can reach the city centre of Vienna on foot in a few minutes and at the same time quickly reach green areas such as the Wiener Resselpark, Schillerpark, Volksgarten, Burggarten and the Stadtpark.

Deal Highlights

 

Owner and asset management: JP IMMOBILIEN

 

JP Immobilien

The Borrower is the owner of the property and a subsidiary of ESI Immobilienentwicklungs GmbH and Dr. Jelitzka + Partner Gesellschaft für Immobilienberatung und -verwertung GmbH, a real estate developer and portfolio manager with decades of experience. JP Immobilien's guiding principle: We want to plan with our finger on the pulse of the times and recognise residential needs earlier than others. The JP Immobiliengruppe is currently one of the largest private inner-city (1st to 9th districts) property developers in Vienna and one of the leading marketers in the residential property and retirement home sector.

 

Inhouse asset management

The detailed renovation and owner management of Gumpendorfer Strasse 22 is carried out by the in-house asset management team, which is characterised by extensive real estate experience and excellent market knowledge. The team around Michael Janecek currently manages a portfolio of about 120 properties with a strong focus on Vienna's inner city districts. The great success is largely due to the many years of experience, commitment, know-how and real estate expertise within the team.

 

Rental income of about €132,000 per year

The annual net rental income currently amounts to approximately €132,000, and further increases in rental income are expected through a reduction in vacancies and new leases at market rents.

 

Regular additional income - 4% p.a. Distribution every 3 months

Investors receive quarterly distributions of 4% p.a. on their invested capital during the term. The invested capital is repaid to the investors at the end of the term.

 

Interest Deposit

The Rendity interest deposit serves to secure our investors. Before the start of each project, the respective borrower has to pay an interest deposit in the amount of the interest of half a year into a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary custody and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

 

Instant Interest - Interest from the 1st day

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.

Investment-Case

ESI Gump 22 GmbH, a subsidiary of ESI Immobilienentwicklungs GmbH and Dr. Jelitzka + Partner Gesellschaft für Immobilienberatung und -verwertung GmbH, intends to take up qualified subordinated loans of a maximum of € 1,500,000 for the purpose of partially refinancing the own funds used.

The borrower is the land registry owner of the property with the property address Gumpendorferstrasse 22, 1060 Vienna. The borrower is a subsidiary of ESI Immobilienentwicklungs GmbH and Dr. Jelitzka + Partner Gesellschaft für Immobilienberatung und -verwertung GmbH. The existing property is divided into 14 rentable units (plus storage and basement rooms) with a rentable area of nearly 2,346 sqm. The first half of the property was acquired in 2018 and the second half in February 2020, so that the entire property is now owned by ESI Gump 22 GmbH. The purchase was carried out using both debt and equity capital and currently generates an annual net rent of more than €132,000. The aim of the crowd investing campaign is to partially redeem the equity capital used.

Quarterly distributions

During the term, the lender receives a quarterly distribution of 4% p.a.

Rendity interest deposit

The Rendity interest deposit serves to hedge our investors. Before the start of each project, the respective borrower has to deposit an interest-deposit in the amount of the interest of half a year on a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary custody and may be used exclusively to compensate for unpaid interest payments or missing capital repayments to the investors.

Project Costing

Purchase Price

€8.425.000

Purchase additional charges

€730.000

Finance costs

€100.000

Refurbishment completed

€280.000

Planned maintenance

€315.000

Total Investment

€9.850.000

 

Total usable area

2.346 m²

Occupancy rate

92%

Annual net rental income

€132.000

Location

The 6th district, also known as 'Mariahilf', is located in the heart of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport connections, this district borders directly on the 1st district as the centre. The 6th district is a district of colourful hustle and bustle amidst its coffee house classics and new modern restaurants. With the 'Naschmarkt', this is home to the largest and probably most famous market in the city centre with its special flair of market stalls and international locations. Mariahilfer Straße with its endless shops, restaurants and cafés is also particularly famous. Characteristic for the 6th district is probably also its sloping terrain, for which the architecturally significant and secessionist style staircases, such as the Fillgraderstiege and Rahlstiege are also known.

Historically, the area around Gumpendorf in what is now the 6th district was settled by Indo-Germanic tribes around 2000 years BC. During the Roman Empire the Romans established their military camp 'Vindobona' in the area. After the Turkish siege and the later 2nd World War, the 6th district established itself as a small but exquisite district, characterised by historic old buildings, theatres, museums and parks. Today the 6th district is a district with a high quality of life, centrally located and with the best infrastructure and necessities of daily life.

Discover the surroundings

The 6th district lies in the heart of Vienna, the most liveable city in the world. Where history and cultural diversity unite, the beautiful apartment building is located at Gumpendorferstraße 22. The location offers everything that makes living in the city dignified and pleasant and also leaves nothing to be desired in terms of infrastructure. Gumpendorferstraße 22 has ideal transport connections, the underground station Kettenbrückengasse (5 minutes on foot), Museumsquartier (5 minutes on foot) and various bus and tram connections (5-10 minutes on foot) are within walking distance. Mariahilfer Straße, Naschmarkt or the Museumsquartier - all of these can also be reached on foot in just a few minutes. To the south-east, Vienna's Schwechat Airport is only a 25-minute drive away, while to the north, numerous recreational areas including vineyards and wine taverns can be reached.

Mariahilfer Straße

As the longest shopping street in Europe, Mariahilfer Strasse stretches over a length of almost 4 kilometres, whereby the so-called 'inner Mariahilfer Strasse' leads from the Getreidemarkt to the Mariahilfer Gürtel (Mariahilfer Belt), on which many international brand shops can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Strasse already served as a special shopping street of the k.u.k. Monarchy and even today it is still home to local suppliers, fashion, furniture, crafts and numerous restaurants and cafés. There is almost nothing that cannot be found on the 'MaHü', which is colloquially known in Vienna. Meanwhile, it has established itself as the centre of the young and hip scene of Vienna and captivates by numerous shops that can only be found in this place. Many historically grown buildings and ornate old buildings adorn the Mariahilfer Straße and create a worth seeing symbiosis of old and new.

Museumsquartier

Vienna offers sights and opportunities en masse to experience great things. And one thing is for sure: if you like Vienna, then you also love the Museumsquartier. Originally built in 1725 as imperial court stables, today there are no horses to be found, but there are a lot of cultural and culinary possibilities. You should take enough time to get to know the MQ in all its splendour and discover all the corners, steps and platforms.

Naschmarkt

The Naschmarkt is located in the 6th district and is considered the largest inner-city market in Vienna. The special flair of the Viennese Naschmarkt is due to its mixture of market stalls and restaurants, which join together in a snake-like manner in the middle of the left and right Wienzeile. Along the entire length there are market stalls with fresh goods such as fruit, vegetables, spices, fish and meat, as well as restaurants with national and international cuisines, cafés, patisseries, bakeries and smaller bars that open early and where night owls sometimes mix with market traders. Culinary the Naschmarkt thus contains everything that makes gourmet hearts beat faster and supplies its surroundings with all necessary food as well as all kinds of other offered goods.

Schillerpark

The Schillerpark is a historical green space. It consists of symmetrical meadow roundabouts and has old trees. In the centre of the park and square is the Schiller Monument, a bronze statue in the strict historical style, which was created according to a design by Johannes Schilling. The monument, which was unveiled in 1876, shows the statue of Schiller, the four ages, as well as allegorical figures symbolising genius, poetry, science and love of the homeland. Friedrich Schiller was one of the first artists to have a representative monument dedicated to him in a public square in Vienna. Until then, this was usually only common for rulers or military commanders. In 1900, a monument to Goethe was erected opposite the Schiller monument in sight on the Opernring.

Team

JP Immobilien
 

The origin of JP Immobilien Gruppe leads back to a Styrian and Persian friendship between the two founders Dr. Daniel Jelitzka and Reza Akhavan in Fall 1996. In the meantime the company grew to 50 employees. JP Immobilien has developed more than 400 real estate projects in Austria, most of which in Vienna. To this date the sales team led by Martin Müller has sold more than 500.000 m² of apartments, apartment complexes and commercial real estate. JP Immobilien is the leading marketer of residential real estate in Central Vienna (districts 1 through 9) with approximately 400 sales per year.

“We got something for you” is the credo of JP Immobilien. It is the company´s goal to recognize housing needs and trends and to incorporate them into developments projects, thereby achieving integrated real estate solutions. Needs of individuals and financial feasibility play major roles in this process. Customer service, quality, innovation, and vision are the corner stones of JP Immobilien’s success story.

JP Immobilien’s design demands come to life in every project, the secret: the history of the building and its surroundings must be integrated in the project development process. This includes sustainable concepts, modernity and functionality in lockstep with forward-looking city planning.

Next to the core competencies as a broker JP Immobilien is also an investment partner, advisor, branded-address pioeer, real estate developer and urban developer. JP Immobilien builds on its tried and true all-in-one service portfolio.

Project originated by:

Documentation

444 371.00 €
Raised Of 1 500 000.00 €
4%
Annual yield
Term: 36 months
Mortgage rank:
Second
Interest payment schedule:
Quarterly
Invest:
Interest payments
20.11.2020
Pending
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