Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.