General Information

  • IRR%: 4
  • CoC%: -
  • Minimum: 0 EUR
  • Type: -
  • Asset: -
  • Investors: 0
  • Start Date: 2019-02-13
  • End Date: -
  • Target: 1m EUR
  • Completed: 94.2752%

Additional Information

  • Epstein-Haus
  • Vienna
  • Vienna
  • Austria

Project PresentationWhat once served as the production site for one of the most important furniture manufacturers of the Austro-Hungarian monarchy is today converted into a prestigious residential building. With due regard to the historical substance, the Epstein House, a jewel of Viennese Art Nouveau architecture, has been given new life in lovingly detailed work in recent years.The Epsteinhaus - a Viennese Art Nouveau jewelIn a prime location in Vienna Margareten, the imposing, historic Mittelzinshaus with a total of around 4,300 square meters of usable space was acquired in March 2013 and has since been continuously renovated and brought up to date. The net rental income amounted to approximately € 165,000 p.a. and due to the current restructuring activities, it was raised to € 394,000 p.a. (as of February 2019). After completion of all refurbishment activities, a leasing rate of 100% and an annual net rent of € 450,000 is targeted. Deal HighlightsAlready annual rental income of € 394,000The annual net rental income is currently € 394,000. As refurbishment of vacant housing units progresses, net annual rental income will increase to € 450,000.Rendity interest depositThe 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.Central location of Vienna in 1050The 5th district, also called ‘Margareten’, is located in the heart of Vienna. Margareten is the district where culture and architecture meet the Viennese charm. In addition to its excellent infrastructure, with numerous local amenities, shopping streets and transport links, the Fifth District is a district of colorful activity amidst its classic coffeehouses and new-modern eateries.Regular additional income - 4% p.a. distribution every 3 monthsInvestors 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.In-house asset managementThe detailed renovation and owner management of Schlossgasse 14 is carried out by the in-house asset management team, which is characterized by extensive real estate experience and excellent market knowledge. The team around Michael Janecek currently manages a portfolio of around 120 properties with a strong focus on Vienna's inner-city districts. The great success is largely due to the many years of experience, dedication, know-how and real estate expertise within the team.The Epstein House - a historic Art Nouveau gemThe Epsteinhaus was built in 1912/1913 by Ernst Epstein and served as a commercial building for the company ‘Bothe & Ehrmann’, one of the most important furniture producers in the Austro-Hungarian Danube Monarchy with its headquarters in Zagreb and Vienna. Ernst Epstein was a successful Viennese architect and master builder of numerous well-known buildings such as the Looshaus on Michaelerplatz.

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