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Macro Location Analysis
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The project "Karl-Meißl-Straße 1" is an extensive attic conversion in the middle of the 20th district, with a total of 12 residential units and a total weighted floor space of approximately 770m². The residential units are realized with special consideration of contemporary and comfortable construction. Special attention is paid to the use of high-quality materials. The attic units also receive outdoor space in the form of terraces with a usable area of 220m².
The apartment building is surrounded by all-important amenities for daily needs and is located directly at Wallensteinplatz near the Augarten and is excellently connected to the transport network due to its proximity to the subway station Friedensbrücke (U4), as well as the streetcar lines 5 and O. The streetcar station Friedensbrücke is only a few minutes walk away from the city center. It is only a few minutes walk to the Franz-Josefs-Bahhof train station and the extensive Augarten park is also within walking distance.
The project is being realized by the Kvierreal Immobilien Group, which has already successfully obtained the building permit after purchasing the unfinished attic. Construction will start shortly and the planning has already been completed. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.
The project developer Kvierreal has already financed three successful projects with the help of the Rendity Investors Community.
The KVIERREAL Group has been active as a project developer on the Viennese real estate market for years and specializes in the purchase and sale, as well as the revitalization of classic Gründerzeit houses and apartments. The core competence is the development and upgrading of historically grown properties, which are aesthetically and economically convincing.
Investors receive an annual interest rate of 7.00% 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 36 months.
After the purchase of the raw attic, the building permit has already been successfully obtained and planning has begun. The start of construction will begin shortly.
The property in question from the turn of the century impresses with its beautiful appearance, which is to be supplemented with an attic conversion. The net living space of 770m² is divided into 12 residential units, each unit has outdoor areas such as terraces or balconies.
The property "Karl-Meißl-Straße 1" is located at Wallensteinpark in 1200 Vienna. The 20th district, also known as "Brigittenau", offers its residents an excellent infrastructure with numerous local suppliers, shopping streets and transport links. The location impresses with its central location close to the extensive Augarten, its proximity to the frequency drivers Taborstraße and Franz-Josefs-Bahnhof and its proximity to the transport hub Westbahnhof.
The borrower is the owner of the attic of the property with the property address Karl-Meißl-Straße 1 in 1220 Vienna. A total of 12 residential units with a weighted total living area of 770m² plus terraces and balconies will be built. The acquisition has taken place, the planning phase is completed and the building permit is already available. Construction will start shortly.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive his invested capital back after the realization of the apartment building. According to the planning, this is to take place after a maximum of 36 months.
Purchase price of the property 955.000 €
Service charges 106.500 €
Architect & Fees 200.000 €
Building costs DG 2.309.580 €
Financing costs 249.554 €
Other costs 19.366 €
Total investment costs 3.840.000 €
Sales revenue (assumption) 5.389.020 €
Profit 1.548.386 €
Brigittenau is the 20th district of Vienna. The northern part of the island, formed by the Danube Canal and the Danube mainstream, was largely uninhabited alluvial land until the Danube was regulated in 1875. After that, development began in the late Wilhelminian street grid. The district is characterized by buildings from the Wilhelminian period, the interwar period and the post-war period, as well as numerous traffic and industrial facilities, which, however, have been gradually transformed into residential areas in the last two decades.
The Augarten, with its iconic aeronautical defence tower, is a publicly accessible park with the oldest baroque garden complex in Vienna. In addition to a well-kept parterre garden with elaborate floral landscapes, it also offers an extensive area crisscrossed by shady avenues of chestnut, armor, linden, ash and maple trees, providing space for recreation as well as sporting activities for the local population and tourists. The plain concrete tower from the Second World War, located in the park, is now closed to visitors, but offers a contrasting beauty to the rest of the well-kept Augarten and has become part of the Viennese cityscape.
Praterstern is home to several subway lines as well as regional trains, making it one of Vienna's most important public transportation hubs. The Praterstern station, which was only rebuilt or largely rebuilt in 2008, is a huge multi-lane traffic circle that connects seven streets. It serves the residents of Vienna's second district as a public transport link to the city center and also as a local supplier with countless stores for everyday needs.
Millennium City in Vienna's 20th district is one of Vienna's largest shopping centers. On-site, visitors will find stores and a wide-ranging entertainment program including UCI Kinowelt. It takes its name from the over 200m high Millennium Tower office tower - for some time the tallest building in Austria - which is used as an office and hotel and is visible far beyond the district boundaries.
The over 9km2 area of the Vienna Prater includes an amusement park called the Würstelprater, several bodies of water and a huge recreational area. The area belonging to the Prater, once auland of the Danube, is documented since the year 1162. At the end of the 20th century, numerous investments were made in the Prater's infrastructure. The Jesuit Meadow was converted into Vienna's largest playground with a toboggan hill and a winter snow-making system. For over 100 years, the Vienna Giant Ferris Wheel has been turning at the entrance to the Prater. The Ferris wheel is both a sight and a landmark of Vienna. A curiosity of the Wurstelprater is the Republic of Kugelmugel whose only inhabitant had proclaimed an own state in 1970, since his house was a sphere whereby the bearing surface is thereby only a point. However, since a point has no spatial extension, he believed that he was in a state-free space.
The Danube Canal, once also called the Vienna Water or Vienna Arm, is the arm of the Danube running through the center of Vienna. The Danube Canal branches off from the Danube in the 19th district at Nussdorf and rejoins it at Praterspitz. Of Vienna's 23 districts, almost a third benefit from this extraordinary stretch of water: downstream on the right side, one after the other, are districts 19, 9, 1, 3, and 11; on the left side, districts 20 and 2. Especially on nice days, the bustle of people on the canal can be observed, especially at the level of Leopoldstadt, since a large number of restaurants and bars have established themselves here. Anyone who has experienced the afternoon sun here knows that the Danube Canal is a great place for relaxing moments with family and friends. Those who prefer to spend their free time in sportswear will also get their money's worth: upstream and downstream there is enthusiastic cycling, jogging, walking and much more.
The KVIERREAL group has been active for years in the Viennese real estate market as a project developer and has specialised in the purchase, sale and revitalisation of classic Gründerzeit houses and apartments. The core competence is the development and upgrading of historically grown properties that are aesthetically and economically convincing.
Thanks to sound expertise and the many successfully completed real estate projects, the KVIERREAL group has made a name for itself as a specialist for old buildings.
|17.07.2021||Paid||No||18 July 2021, 22:02|