Project Presentation

The property "Adlergasse 8" is a bright yellow apartment building in the middle of downtown Linz with a net floor space of 584m². Above the business premises on the first floor there are 10 apartments and an undeveloped attic, in which about 200m² of new living space can be created by a design. It is already very well occupied with several anchor tenants and currently generates a net annual rent of around €50,000.

The property in Adlergasse is located between the city's main pivots - the Hauptplatz and Pfarrplatz. The apartment building is located in a delightful, newly developed InViertel near Adalbert-Stifter-Platz. Right across the street is the Linz University of the Arts. Due to its central location in Linz's old town, the property scores with an inviting infrastructure of stores and pubs. In addition, the beautiful promenade along the Danube can be reached on foot in just a few minutes.

The property owner and asset manager is CAELIA Development GmbH.

Deal Highlights

Owner and Experienced Stockholder - CAELIA Development Ltd.

The CAELIA Group has already financed 3 successful projects with the help of the Rendity Investors Community. With an experienced and motivated team, the CAELIA Group has been active in the real estate industry for almost eight years, and the management can look back on 15 years of experience in the real estate and finance industry.

Regular additional income - 5% p.a. Distribution every 3 months

Investors receive quarterly distributions of 5% p.a. on their invested capital during the term. The capital invested is repaid to the investors at the end of the term.

Inflation-protected rental income of about € 50,000 per year

The project is already 100% leased and currently generates a net annual rent of € 50,000. The current average rent of € 7.10 /m² still offers upward potential. Further increases in rental income are expected through new leases at market rents.

Rendity interest deposit

The Rendity interest deposit serves to secure our investors. Before the start of each project, the respective borrower has to deposit an interest deposit in the amount of the interest for half a year into a separate trust account. The interest deposit deposited by the borrower is subject to a fiduciary custody and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

Rendity instant interest - interest from the 1st day

Investors receive the Rendity Immediate Interest as soon as they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. Thus, investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Investment Case

The borrower is the registered owner of the property with the address Adlergasse 8, 4020 Linz. The existing property is divided into 11 rentable units (plus storage and basement rooms) with a rentable area of almost 580m².

The purchase of the radiant apartment building took place in each case with the use of debt and equity and currently generates an annual net rent of more than €50,000. The goal of the crowdinvesting campaign is to partially redeem the equity used.

Distribution every 3 months:

During the term, the lender receives an annual distribution of 5.00%.

Interest Depot:

The Rendity interest deposit serves as a security for the investors. Before the start of each project, the respective borrower has to deposit an interest deposit in the amount of half a year's interest into a separate escrow account. The interest deposit deposited by the borrower is subject to fiduciary safekeeping and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

Financials

Purchase costs property
1.550.000 €
Incidental purchase costs
152.100 €
Financing costs
220.500 €
Remediation costs
75.000 €
Development costs DG Expansion
125.000 €
Total cost
2.122.600 €
Annual rental income
50.000 €
Total return
29 %

Finance Structure

Location

Discover the surroundings

Adlergasse 8 is located right in the heart of Linz's city center, between the main pivots - Hauptplatz and Pfarrplatz. The apartment building is located in a delightful, newly developed In neighborhood near Adalbert-Stifter-Platz. Just across the street is the Linz University of the Arts. Due to the central location in the old town of Linz, the property scores with an inviting infrastructure of stores and pubs. In addition, the gorgeous waterfront promenade on the Danube can be reached on foot in just a few minutes.

Linz Castle Park

Linz Castle towers high above Linz. Gastronomy and a museum combine in this sight, as do historical and modern architecture. Visitors can experience the natural, cultural and technological history of Upper Austria on more than 18,000 square meters in the castle museum. As Austria's largest universal museum, the Schlossmuseum Linz offers a program for the whole family. In addition to the permanent exhibition, major exhibitions devoted to regional and international themes are held annually. Linz Castle is one of the oldest sights in Linz and the eye-catcher of Linz's historic old town center, which lies just a few hundred meters from the Danube.

Main Square Linz

The center of the city is formed by the baroque Hauptplatz Linz, which at around 13,200m² is one of the largest enclosed squares in Austria. In the center of the main square is an impressive 20-meter high column, which was completed in 1723. The column, made of white marble, is dedicated to the Trinity and was erected in gratitude for the disasters survived and for protection against conflagration, war and plague. As a marketplace, the main square soon helped the city of Linz to an economic boom. Today, Linz's Hauptplatz is still the venue for a large number of events and markets.

Linz city center

The Hauptplatz and the surrounding side streets make up Linz's city center. The bustling center offers architecture worth seeing, culinary highlights and a wide variety of shopping opportunities. Numerous events take place in the city center throughout the year. The Linzer Landstraße leads into the Hauptplatz and is one of the busiest shopping streets in Austria. On the Landstraße and in the side streets, stores invite you to window shop and offer a diverse selection for every taste. Both well-known brands and small, individual stores can be found in the center of Linz.

Pöstlingberg World of Experience

Off to the Pöstlingberg - Linz's local mountain! A trip to the Pöstlingberg is an unforgettable experience, and not just for children. Whether it's the Pöstlingbergbahn, the viewing platform, the photo gallery, the zoo, the pilgrimage basilica or the fairy tale and dwarf kingdom of the Grottenbahn Linz, there's something for everyone here. At the same time, you can enjoy a breathtaking view of the city and the Danube from the Pöstlingberg. The Pöstlingbergbahn Linz, one of the steepest adhesion railroads in Europe, creates with its design a harmonious combination of nostalgia and modernity. In just 20 minutes - starting from Linz's main square - it climbs the city's 539-meter-high local mountain. On the way, it passes the Anton Bruckner Private University and the Linz Zoo. The cars of the historic Pöstlingbergbahn Linz have been gently modernized. Regardless of whether you take the new train or the nostalgia cars (only in summer) - a trip up the Pöstlingberg is an experience for the whole family.

Rating

A
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageManagement
1
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration36 months or more
3
Existing Bank FinancingYes
Pre Sales>20%
1
Total
8
A
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.

Team

With a young but experienced and motivated team, the CAELIA Group has been active in the real estate industry for almost eight years, with a management team that can already look back on 15 years of experience in real estate and finance. In addition to Sales/Agency, responsible for purchasing and distribution, and Capital, responsible for releasing capital by handling sale and rent back transactions and joint ventures, CAELIA has focused mainly on real estate development in two areas that make up the Investment division:

The development of projects, mainly residential projects in the early stages, that is, at most until the building permit is obtained. This includes the search and purchase of suitable plots and projects as well as the preparation for construction including planning, dedication and project concepts.

The development of apartment buildings including planning of extensions.

In addition to its own team, CAELIA is supported by a network of strategic partners and service providers with whom it has long-standing relationships. In all areas, CAELIA always acts as a partner for developers and not as a competitor: projects and properties are optimally prepared and prepared for further development or implementation by various developers through CAELIA's pre-development services. Thus, property developers can concentrate on their core competence - the construction of living space. CAELIA is the ideal partner for developers when it comes to the search for land, the preparation of plans and concepts, the financing of projects and the distribution and sale of projects.

Caelia Immobilien