Open for investments

Schönscheidtstraße 135

Essen

Return

5.5% p.a.

Duration

48 months

Project type

Income

Distribution

Quarterly

Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The project "Schönscheidtstraße 135" comprises the optimisation of the letting of an existing building in the major German city of Essen. The property is located around 7 kilometres outside Essen city centre in a quiet commercial and residential area. The property comprises approx. 4,777 m², on which there is a multi-family house with a full basement and a commercial building. In addition, there is a powerful photovoltaic system from 2011 on the roof of the commercial property. The total usable floor space of the project amounts to 1,659 m². Of this, 68% is commercial and 32% residential. The property is currently 100% let.

The property has a total of 5 residential units and 2 commercial units. The aim of the issue is to refinance the acquisition of the property with own funds, to optimise the existing units and to finance the refurbishment costs incurred in the course of the optimisation. The real estate project will be sold globally as planned.

Essen is a major city in the centre of the Ruhr region in Germany. The historic city is located in the Rhine-Ruhr metropolitan region. Essen is the fourth largest city in the federal state of North Rhine-Westphalia. With around 600,000 inhabitants, it is one of the ten largest cities in Germany and is considered an important industrial and business location.

Deal Highlights

Fourreal - long-time partner of Rendity with already 7 successful redemptions

The project developer Fourreal has already financed 14 successful projects with the help of the Rendity investor community. Of these, seven projects with a volume of 2,250,000 € excluding interest have been repaid to the investors.

Rental income of about 160,000 € per year

The current rental income amounts to approximately 158,000 €. By re-letting and refurbishing the units, a net annual rent of 160,000 € can be generated.

Security through the Rendity interest deposit

The Rendity interest deposit serves to secure our investors. The interest deposit account is subject to fiduciary safekeeping and is used exclusively to offset interest payments that have not been made or missing capital repayments to investors.

Regular additional income - 5.50 % p.a. Distribution quarterly

Investors receive quarterly distributions of 5.50 % p.a. on their invested capital during the term. The capital invested is paid back to the investors at the end of the term.

Powerful photovoltaic system on the roof of the commercial property

There is a photovoltaic system on the roof of the commercial property dating from 2011. The system is to remain in operation until at least 2033.

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Investment Case

The borrower is the registered owner of the property with the address Schönscheidtstraße 135, 45307 Essen (Germany). The apartment building has a usable living space of 1,659 m². The property has an area of 4,777 m². In total, annual net rental income of approximately 160,000 € is achieved. The owner plans to refinance the property and to optimise and refurbish it.

The purchase of the property has already been completed and the issuer is already the owner of the property. The objective of the issue is to partially redeem the equity invested as well as to finance the refurbishment costs incurred in the course of this optimisation due to a change of tenants.

Distribution every 3 months:

During the term, the lender receives an annual distribution of 5.50%.

Interest deposit:

The Rendity interest deposit serves to secure the investors. Before the start of each project, the respective borrower has to pay 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 fiduciary safekeeping and may only be used to compensate for interest payments not made or missing capital repayments to the investors.

Financials

Purchase costs
2.147.000 €
Incidential acquisition costs
100.000 €
Financing costs
197.000 €
Other costs
16.000 €
Total investment costs
2.460.000 €

Finance Structure

Location

Welcome to Essen

The major city of Essen is located in the western part of Germany in the federal state of North Rhine-Westphalia. Around 600,000 inhabitants live in an area of around 200 km², making the city one of the ten largest cities in Germany. Essen is an important industrial and business location of well-known large companies, as well as well-known European energy suppliers. The University of Duisburg-Essen is also located here. Essen's cityscape is characterised by striking high-rise buildings. Essen is known for its strong transformation from industrial to green area. The green city is considered a strong role model for cities in transition. In 2010, it was named European Capital of Culture and was awarded the title "European Green Capital" for 2017.

Micro-location Schönscheidtstraße

The property "Schönscheidtstraße 135" is located in the district of Kray in Essen. The district is located around 7 kilometres east of Essen city centre. The property is located in a residential as well as commercial area. A bus stop is located at the valuation site and the nearest regional train station is about 1 km away. Essen's main railway station is about 5 kilometres away. The nearest airport is 32 kilometres away, in Düsseldorf.

Discover the surroundings

Essen city centre can be reached from the property in less than 7 kilometres. The surrounding area offers numerous sights such as the UNESCO World Heritage Zollverein Coal Mine Industrial Complex, as well as Lake Baldeney, the Folkwang Museum, the Grugapark botanical garden or the Red Dot Museum.

Essen city centre

The city centre offers numerous shopping opportunities, a wide range of restaurants and cafés as well as cinemas and many other leisure facilities, leaving nothing to be desired for tourists and residents alike. Essen Cathedral and the Cathedral Treasury are one of the most famous sights in Essen. Essen Cathedral is the bishop's church of the Essen diocese. Of particular importance is the cathedral treasure, an extensive collection of sacred works, such as the Golden Madonna. For a long time, Essen was mainly associated with mining, coal and steel. Essen is an important industrial centre, which provided a recreational atmosphere and nature through massive greening. In 2010, Essen was named European Capital of Culture. In 2017, the city in the middle of the Ruhr region was awarded the title "European Green Capital" by the EU Environmental Commission.

UNSECO- Zollverein World Heritage Site

The Zollverein colliery, also known as the Eiffel Tower of the Ruhr, was an active coal mine in Essen that operated from 1851 to 1986. The Essen colliery was the largest hard coal mine in the world, and the coking plant was larger than any other in Europe. The extraordinary architecture of the Zollverein complex is outstanding, with it also being described as the most beautiful colliery in the world. Today it is an important architectural and industrial monument. Since 2001, the former coal mine has been a UNESCO World Heritage Site. Today, the building is home to various cultural institutions, such as the Folkwang University of the Arts. In addition to art, concerts, festivals and many sports activities are offered here. The Zollverein World Heritage Site offers an imposing backdrop that attracts around 1.5 million visitors a year. It symbolises the structural change in the Metropole Ruhr like hardly any other building.

Lake Baldeney

Lake Baldeney is one of the largest of the six Ruhr reservoirs. It is located in the south of the city of Essen. In 1931, the lake was dammed as a water reservoir and to purify the Ruhr water. Today it is considered an important recreational area of national importance. Here you will find rowing clubs, sailing and surfing schools, as well as numerous leisure activities that invite you to linger. Once a year, the elite of German sailors meet here for the Essen Week. The Essener Woche is Germany's largest inland waterway regatta.

Grugapark Botanical Garden

The Grugapark Botanical Garden has been located in Essen for over 90 years. The Grugapark has been part of the heart of the big city for years, even before it was named European Green Capital 2017. The well-known park in Essen invites visitors to linger on around 60 hectares. Here, nature can be discovered up close, adventures can be experienced, and playing and sporting activities can be encouraged. The park also offers pure relaxation and animals feel at home here. Germany's largest open-air sculpture exhibition can also be found here.

Red Dot Design Museum

Here you can admire the fascinating world of design. On five floors and around 4,000 m², only products that have won awards from an international jury of experts in one of the world's largest design competitions are presented here. The products receive the Red Dot Design Award.

location-Schoenscheidt_65a9157985

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyOccupied
1
Development StageManagement
1
Track RecordMore than € 250 million developed
1
Asset TypeCommercial
1
Duration36 months or more
3
Existing Bank FinancingYes
Pre Sales>20%
1
Total
9
B
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

Fourreal meets the challenge of contemporary space creation with the new construction or revitalisation of high-quality residential properties. When it comes to real material assets, Fourreal is the right contact. Since its foundation, the focus has been on project realisations in inner-city areas as well as on the development of living space in locations with a special quality of life. In addition to project development of upmarket residential properties, Fourreal concentrates on investments in properties for its portfolio. Precise property research and direct, compact planning enable the elimination of intermediate interfaces and thus maximum cost efficiency. Good creditworthiness and financial resources enable quick and flexible decisions.

FOURREAL GmbH

FOURREAL GmbH