The project "Strubbergstraße 93" is a fully rented residential building in the middle of Frankfurt's district "Rödelheim". The apartment building encompasses a total of 5 rental units and has a rentable area of 215 m².
The project is already fully leased (100%) and currently generates a net annual rent of €42,000.
The property is located in Rödelheim, which is characterized by its very good transport connections. In the immediate vicinity is the S-Bahn, which takes commuters to downtown Frankfurt in just under 20 minutes. In Rödelheim, all local suppliers are also within walking distance. Residents enjoy the nearby Nidda River, the Brentano leisure pool and the nearby Solmspark.
The borrower is the registered owner of the property with the address Strubbergstraße 93, 60489 Frankfurt am Main, Germany. The building contains a total of 5 units, with a current leasable area of 215 m². In total, annual net rental income of approximately € 42,000 is currently being generated. The property owner plans to refinance the property, as well as to optimize and refurbish it and subsequently sell it.
The purchase of the property has already been completed and the issuer is already the owner of the property. The aim of the crowdinvesting campaign is to partially redeem the own funds used and to finance the redevelopment and optimization of the existing property.
During the term, the lender receives an annual distribution of 4.75%.
The Rendity interest deposit serves as a hedge 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.
Located in western Germany, the city of Frankfurt, with nearly 2.3 million inhabitants, is the fifth largest and most populous German city. Frankfurt am Main is known for its impressive skyline - a metropolian area of towering skyscrapers - and is therefore referred to as the metropolis of Germany. The city is in an ideal geographic location as it offers a central junction of major trade routes on the Main River and near the Rhine River. It is also home to Frankfurt Airport, one of the largest hubs in the world. Frankfurt is also known as a banking metropolis, as the European Central Bank has its headquarters here.
Rödelheim is a suburb in Frankfurt am Main and is located west of the city center. Approximately 19,250 residents live in Rödelheim. The district is characterized by its excellent transport links. It has a perfect highway connection, as well as a suburban train, which is within walking distance of the project. Frankfurt Airport can be reached in 15 minutes, and commuters can take the nearby S-Bahn to the city center in 20 minutes. Rödelheim residents value the nearby Nidda River and the Brentano leisure pool. The Solmspark offers numerous opportunities for recreational activities. In the immediate vicinity are all local suppliers that leave nothing to be desired.
Due to its global trading center, Frankfurt is a popular location for large corporations and companies and is also known as an important financial center. Its large industrial and service center also attracts companies as well as employees to Frankfurt. However, the city is not only popular for its expertise in finance, but also attracts tourists for its museums, historic buildings, and burgeoning arts and culture scene.
Germany's largest commercial airport is located in Frankfurt am Main, 12 km southwest of downtown Frankfurt. It is the fourth busiest airport in Europe, providing travelers with an essential hub for international transfers as well as domestic travel. Frankfurt Airport has the highest density of connections, making it the most important transportation hub in Europe. It is an international airport that carries more than 60.8 million passengers from A to B per year. In addition, the airport has the largest cargo volume compared to other European airports. Lufthansa, Condor Flugdienst and the cargo company Lufthansa Cargo find their main hub here, as well as their home base.
No city in Germany offers a more impressive skyline than the one in Frankfurt. This part of the city is also called "Mainhatten", in reference to the American Manhattan in New York. The city of "Mainhatten" has experienced an enormous economic expansion in recent decades. Frankfurt's high-rise skyline is experiencing an ever-increasing upward trend, with 14 skyscrapers currently standing out in the banking district. More than 200 domestic and foreign banks are headquartered in Frankfurt, making the city the largest banking metropolis in Germany. The European Central Bank building was built in the middle of the Frankfurt skyline in 2014, and the bank has been headquartered there ever since. Among other things, the Central Bank of the Federal Republic of Germany also has its headquarters here. Other major banks such as Deutsche Bank, Commerzbank, KfW Bankengrupp, DZ Universalbank, Direktbank and ING-DiBa are represented here. Banking offers an ideal space for international networking. Not only banks are represented in the business city, but also the largest German stock exchange. Deutsche Börse AG is one of the most important stock exchange organizations in Germany. Consequently, Frankfurt is considered one of the most important international financial centers.
The "Frankfurter Hauptwache" is a baroque building in downtown Frankfurt. During the Second World War the building was destroyed and shortly after rebuilt in a simplified form. Before the construction of the current subway station, the destroyed building of the Hauptwache was also restored faithful to the original.
The Römerberg is located in the center of Frankfurt's old town. The highest point of the hill, formerly called Saturday Hill, has been used for entertainment in the form of fairs, tournaments and other events since the 9th century. Emperor coronations and elections have also taken place at this historic site. Since the 15th century, the city council has had its seat here. The Römerberg in the center is a meeting place and a focal point for many visitors. People like to meet here to linger.
The fountain at the Römerberg in Frankfurt is the most important landmark of the city, it is the focal point of the center. Frankfurt residents and guests from all over the world gather around the city's landmark. In 1611, the sculptor Johann Hocheisen created today's Fountain of Justice with the figure made of red sandstone. Since then, the figure has been renovated several times, so that the so-called "Justita" could be preserved.
On the northern edge of the city center is the Zeil. Already in the 19th century this street became known for its high turnover figures. Even today it is one of the most important shopping streets in Germany.
|Track Record||More than € 250 million developed|
|Duration||36 months or more|
|Existing Bank Financing||Yes|
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