Update from the originator:
The work is well advanced and everything is going according to schedule. Part of the existing structure was demolished, the outer wall and the inner stairs remain in place and are in good condition. The shafts for the elevator and the ceilings between the floors are currently being built.
Sales will start shortly and we will keep you up to date.
A new photo has been uploaded to the photos section.
The project "Hermanngasse 3" is an extensive renovation of a beautiful old building interest house. After the end of the construction work, a total of 8 novel residential units with a weighted living area of 903 m² including terraces and conservatories will be offered for sale. The revitalization project is situated in a good location in the 7th district of Vienna, close to all important amenities for daily needs.
The Issuer expects total investment costs of € 5,663,600 for the purchase and development and all related costs. According to current planning, the project is expected to generate revenues of approximately € 7,224,000 in the course of the individual sale, which corresponds to an estimated profit of € 1,560,400.
The building permit will be submitted shortly. The planning phase is already in full swing and the sale of the apartments will start shortly.
Investors receive an annual interest rate of 6.75% 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 maximum term 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 DEBO Holding GmbH.
Investors receive immediate interest from the moment they pay in their investment, which is paid out after the subscription period has expired. With the Rendity Sofortzins investors receive for their invested capital not only interest 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 immediate yield is already paid out to the wallet after the end of the subscription period.
Altogether 8 exclusive free-hold apartments plus balconies and winter gardens in an old building apartment house develop with those much value on an attractive and contemporary architecture were put. Special attention was paid to the high-quality revitalized facade and the floor plans optimized for different target groups.
The property "Hermanngasse 3" is located in the immediate vicinity of Vienna's city center. The 7th district, also known as "Neubau", offers its residents an excellent infrastructure with numerous local suppliers, shopping streets and traffic connections. The location impresses with its central location close to Mariahilfer Strasse, its proximity to the frequency providers Peek & Cloppenburg and Gerngross, and its proximity to the traffic junction Westbahnhof.
The DEBO Holding Group as a parent company handles high-quality projects and specializes in residential construction projects such as loft conversions in the inner districts of Vienna or complete refurbishments in sought-after locations. DEBO Holding is the right partner to contact, from property acquisition to the entire construction control process and turnkey handover to the buyer.
The Borrower is the land registry owner of the property with the address Hermanngasse 3 in 1070 Vienna. A total of 8 residential units with a living space of between 32 m² and 175 m² plus open spaces such as terraces and conservatories will be built.
The property has been acquired, the planning phase is in full swing and the building permit will be submitted shortly. The sale of the apartments is scheduled for the 2nd quarter of 2021 and completion is scheduled for the 3rd quarter of 2022.
During the term, the lender will receive an annual distribution of 6.75%.
The lender receives its invested capital back after the sale of the apartments. According to planning, this is to take place after a maximum of 24 months.
Purchase price real estate (incl. additional costs)
Construction costs incl. demolition
Founding costs + reserve
Total investment costs
Expected sales revenues
New construction is the district where culture and architecture meet Viennese charm. Hermanngase 3 is located in the middle of one of the most beautiful residential areas of the 7th district. Neubau is a district of colorful hustle and bustle amidst its coffee house classics and new modern restaurants. The Neubaugasse subway station can be reached on foot in 5 minutes and the local supply leaves nothing to be desired. Mariahilfer Straße with its endless stores, restaurants and cafés is also particularly well known.
The cultural diversity - from studios to gastronomy to colorful trendy restaurants - probably best describes the district. Between Museumsquartier, which has become a cultural crowd puller with historical value (the imperial court stables were once located here), Neubaugasse and Urban Loritz-Platz, you will find the center of the creative scene, where many young designers also settle. The painter Friedrich Ritter von Amerling was born in 1887 in the so-called "Amerlinghaus" at Stiftgasse 8. Thanks to the efforts of artists, architects and neighbors, the demolition of the house could be prevented over the years. Today, the building is a self-governing cultural and communication center, which houses the district museum Neubau as well as a restaurant. Although the district has only 2.3 percent green spaces, parks such as Weghuberpark or Josef-StraussPark offer pleasant recreational opportunities.
In the Neubau, the 7th district of Vienna, there are several galleries, hip restaurants and stores of local designers. Among the cultural attractions in the Museums Quartier is the Leopold Museum with works by Austrian painters such as Klimt and Schiele. The main train station, lined with cafés, is a popular meeting place and event location, while Spittelberg is known for its Biedermeier buildings with student pubs. The lively Mariahilfer Strasse is a popular shopping street on the edge of the district.
As the longest shopping street in Europe, Mariahilfer Strasse extends over a length of almost 4 kilometers, whereby the so-called "inner Mariahilfer Strasse" leads from the grain market along the Mariahilfer Gürtel, on which many international brand stores 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. in former times. 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 center of the young and hip scene of Vienna and captivates with numerous stores, which you can only find at this place. Many historically grown buildings and ornate old buildings adorn the Mariahilfer Straße and create a worth seeing symbiosis of old and new.
Vienna offers sights and opportunities en masse to experience great things. And one thing is for sure: if you like Vienna, then you love the Museumsquartier. Originally built in 1725 as the imperial court stables, there are no horses to be found today, but there is a wide range of cultural and culinary opportunities. You should take enough time to get to know the MQ in all its splendor and discover all the corners, steps and platforms!
Today, Vienna's Spittelberg is home to many stores and restaurants in addition to typical Viennese pubs. The markets (Christmas market) at Spittelmarkt are also very popular. In addition, the extraordinary proximity to the city and an atmosphere that need not fear international comparisons. The most famous Viennese "hill" has welcomed many historical personalities in its history, but also simple folk and many artists.
The House of the Sea is a former flak tower in the middle of the 6th district, which today serves as a zoo of various marine aquariums and terrariums. In the House of the Sea, tropical freshwater and saltwater fish cavort alongside fish from the Mediterranean and domestic waters. Here you can walk through the tubular Atlantic tunnel, watch hammerhead sharks on the 10th floor of the tower and take a closer look at monkeys, crocodiles, giant snakes and tarantulas in the tropical house. Another attraction here is the magnificent view from the roof terrace, where you can enjoy a magnificent view of the city.
The DEBO Holding Group is the parent company of high-quality project companies, which was founded as a result of our rapid growth. We specialize in residential construction projects such as attic conversions in the inner districts of Vienna or complete refurbishments in sought-after locations. We take care of everything, starting with the acquisition of the property, through the entire construction control to the turnkey handover to the buyer.
For more than 20 years we have been involved in the development of high-quality real estate projects and look after a worldwide clientele with discretion. Our focus is on the latest developments in technology, design and environmental compatibility. For this reason, we are also able to offer the highest level of living quality. The headquarters of the management, project management and customer service is our city-center office at Schottenfeldgasse 72. From the planning stage to the handover of the turnkey property, we provide individual support to each buyer. As an experienced real estate specialist, we take over the entire project development as well as the implementation of all necessary measures.
|28.11.2020||Paid||No||18 November 2020, 13:58|
|18.11.2021||Paid||No||19 November 2021, 10:42|