General Information

  • IRR%: 6.5
  • CoC%: -
  • Minimum: 0 EUR
  • Type: -
  • Asset: -
  • Investors: 0
  • Start Date: 2019-01-03
  • End Date: -
  • Target: 300k EUR
  • Completed: 100%

Additional Information

  • Franz-Glaser-Gasse 30
  • Vienna
  • Vienna
  • Austria

Project Presentation Our project „Franz-Glaser-Gasse 30, 1170 Vienna” is located in a beautiful hillside neighborhood of the Vienna’s 17th district, Hernals. In close vicinity to the hills of Vienna’s local mountains you can reach the wonderful recreation areas of “Wiener Wald” in minutes. With the tram line 43 it only takes you 20 minutes to reach the Inner City (Schottentor). The new Metro-Line U5, currently under construction, will move Hernals even closer to the city. On the acquired lot our real estate developer is developing a high class residential building with 13 separate units amounting to a usable area of 1,300m² of living space. All apartments come with a backyard, balcony or terrace. The apartment building will even have its own underground parking garage with 12 parking spots. The sizes of the individual units reach from smart and efficient layouts for singles and young couples to a penthouse suite overlooking the city, expanding over two stories. The lot was acquired in 2014. In the meantime the developer has received the building permit for project and will start construction in the beginning of 2018. Deal Highlights Vienna – a Metropolis on the blue Danube For years Vienna has been on top of international city rankings for its high livability. Due to Vienna’s great mix of culture, affordability, cleanliness, public transport, and other aspects it has been awarded “Quality of Living 2017” by the international consulting firm Mercer Consulting for many years in a row now. In comparison to other top cities Vienna has a fairly low cost of living. Central Location Close to hustle and bustle of the city yet a safe haven: Our Project “Franz-Glaser-Gasse30, 1170 Vienna” combines the best of two worlds. Want to explore the city? Get on the tram and reach the city center in 20 minutes. For a more relaxed way to spend your time you can easily access the “Wiener Wald”, Vienna’s green belt that spans across the North and West of Austria’s capital. Attractive returns – 6,5% based on a yearly distribution Investors will receive a return of 6,5% per year based on a yearly distribution. At the end of the term the investors will receive their invested capital. Builing permit in place TELVI Immobilien Management und Entwicklung GmbH has already received the building permit to develop the 13 unit apartment building in Franz-Glaser-Gasse 30, 1170 Vienna. This reduces the planning risk regarding the administrative permission of the building process. Experienced real estate developers Mr. Valery Taritsyn MBA is founder and managing partner of TELVI Immobilien Management und Entwicklung GmbH. He is specialized in high class residential real estate projects. Together with his partners he has realized many similar projects in Vienna.

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