The project "Segnerstraße 10" is a property in 1100 Vienna, with a total land area of 1,408 m². Within the next 24 months, the project is to be made ready for construction and then sold to a real estate developer.
According to current planning, it is expected that 26 residential units and 3 terraced houses with a total living space of 1,816 m² and a weighted total floor space of 1,948 m² can be built on the property. The size of the efficiently cut residential units ranges from 40 to 158 m². In addition, there are many terraces with an area of up to 69 m² as well as private garden areas of up to 48 m² for all ground floor apartments and terraced houses. In addition, the construction of an underground garage with 18 car parking spaces is planned.
The project is located in the middle of the wonderful green area of the 10th district and is close to all important amenities for daily needs and at the same time surrounded by sufficient nature and recreational areas.
Investors receive an annual interest rate of 6.25% on their invested capital. The interest is distributed to the investors every year. The capital invested is repaid to the investors at the end of the term of a maximum of 24 months.
The developer plans to sell the entire project as soon as it is ready for construction at a price of € 2,800,000, which corresponds to a market cost price of € 1,437 on the total weighted floor space.
There is a liability in the form of a hard letter of comfort in the amount of the loan issued by the parent company Silfin Beteiligungs GmbH.
The project involves the construction of an exclusive residential complex with a total of 23 residential units and 3 terraced houses, with a weighted living area of approximately 1,816 m². The ideal use of space on the property creates an airy atmosphere and an excellent feel-good climate.
The property Segnerstraße in Oberlaa is located in the south of the 10th district of Favoriten in Vienna. Situated on the Liesing river and known for its numerous wine taverns and vineyards, Oberlaa is a popular excursion destination and recreation area for the Viennese population.
With an experienced and motivated team, the ALVAREA Group has been active in the real estate industry for almost eight years, and the management can already look back on 15 years of experience in the real estate and finance industry.
The borrower is the registered owner of the property with the address Segnerstraße 10, 1100 in Vienna. A total of 23 residential units and 3 terraced houses with a total living area of 1,816 m² plus terraces with an area of up to 69 m² and garden areas of up to 48 m² will be built.
The acquisition of the property has already taken place, the planning documents will be submitted shortly and the building permit is expected in the next 12-18 months. The projected property will then be sold in its entirety to a developer. It is expected that the building permit will be obtained by summer 2021 at the latest, which will then allow the sale of the property to commence.
During the term, the lender will receive an annual distribution of 6.25%.
The lender will receive its invested capital back after the apartments have been sold. According to the planning, this is to take place after a maximum of 24 months.
Discover the surroundings
The property is located in Oberlaa, a part of the 10th district of Vienna. In Oberlaa are, in addition to numerous Heurigen, the Therme Oberlaa as well as the extensive gardens of the Kurpark Oberlaa. The property is located in the immediate vicinity of Oberlaaer Straße. In the surrounding area there is a supermarket, a BIPA and various other restaurants and shopping facilities. A station of the bus lines 17A and 70A, with which you can reach the U1, is only a minute's walk away. Thus, the Vienna city center can be reached in just under half an hour. In addition, the U1 station "Oberlaa" is within walking distance.
Far away from the hustle and bustle of the city, yet still in Vienna, the Kurpark Oberlaa offers a place to take a deep breath. Whether for relaxation or for sports and games, there is something for everyone. Where once there was only clay, today there are around 2,400 roses, various gardens, and play and sports facilities.
The 600-square-meter facility is located in the middle of the grounds of the Oberlaa spa park. In the center is a pond with a stone bridge and 2 stone lanterns. The planting is based on the customs of Japanese gardens, for example Japanese maple, rhododendrons, dogwood or dwarf bamboo.
The Generali Arena (until 2010 Franz Horr Stadium) is a soccer stadium on the Favoritner Laaer Berg in the Austrian capital Vienna. It has been used as a home stadium by Bundesliga club FK Austria Wien since 1973 and has a capacity of 15,000 to 17,500 spectators. The original stadium was built in 1925 as České-srdce-Platz by the then first division club SK Slovan Wien. In 1974, it was named after WFV president Franz Horr, who had died shortly before. Since 2011, the stadium has borne the name of the Generali insurance group.
Austria's largest shopping center has been in existence since 1976 and is also one of the largest shopping centers in Europe. With over 192,500 m² of retail space, the SCS offers room for more than 300 business, gastronomy and entertainment outlets and also houses its own cinema. With 10,000 parking spaces, the SCS is primarily geared towards car traffic and enjoys great popularity even beyond the country's borders. Every year, more than 23 million visitors from Austria to Hungary and Slovakia visit the SCS and it offers a unique brand selection and shopping experience.
The event location in the Pyramid in the neighboring municipality of Vösendorf is a 40-meter high multi-purpose hall, which is an architectural landmark with its striking pyramid shape. Currently, the Plexiglas-steel structure with its annexes is operated as the Eventhotel Pyramide, where trade fairs and congresses are held on a regular basis. The Pyramid was built as early as 1983 as an extension of the Shopping City Süd shopping center on the initiative of SCS operator Hans Dujsik. Originally, the Pyramid was used as an exclusive swimming pool ("El Dorado") with sauna operation in the year 2000, whereby a tropical atmosphere was created by planting palm trees and the glazed pyramid ceiling. In 2000, the original use as a tropical swimming pool was discontinued and the pyramid was converted into a multi-purpose hall for congresses, among other things.
With a young but nevertheless experienced and motivated team, the ALVARIUM Group has already been active in the real estate industry for almost eight years, with the management looking back on 15 years of experience in the real estate and financial sector. In addition to the areas of Sales/Agency, responsible for purchasing and sales, and Capital, responsible for the release of capital through the handling of sale & rent back transactions and joint ventures, ALVARIUM has mainly concentrated on the development of real estate in two areas which form the Investment division:
In addition to its own team, ALVARIUM is supported by a network of strategic partners or service providers with whom it has long-standing relationships. In all areas, ALVARIUM always acts as a partner for property developers and not as a competitor: Projects and properties are optimally prepared and prepared for further development or implementation by the most varied property developers through ALVARIUM's pre-development services. This allows property developers to concentrate on their core competence - the construction of living space. ALVARIUM is the ideal partner for property developers when it comes to the search for plots of land, the preparation of plans and concepts, the financing of projects right through to the distribution and sale of the projects.