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Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Purpose of the loan
The property "Charlottenstraße 47" is an almost fully leased residential building in the middle of the popular Berlin district of Pankow. The impressive apartment building comprises a total of 20 units with a total area of more than 1,155m².
The project is already very well leased and currently generates a net annual rent of €97,000. The issuer intends to project the top floor and revitalize the property. The issuer has already purchased the property and is already working on the project planning of the attic floor as well as on the parification of the individual residential units.
The property is located in Niederschönhausen near the Volkspark Schönholzer Heide in the district of Pankow. Located in the northeast of Berlin, Pankow borders four Berlin districts and is also the city border with neighboring Brandenburg. In addition, Charlottenstraße is surrounded by all major amenities for daily needs.
The project developer Fourreal has already financed 10 successful projects with the help of the Rendity investor community. Of these, 5 projects with a volume of EUR 1,480,000 excl. interest have been repaid to the investors.
Fourreal is a well-known real estate developer in the Vienna area. Their expertise includes the complete organizational and commercial handling of projects related to real estate development, apartment building development, redevelopment & real estate financing.
The project is already very well leased and currently generates a net annual rent of €97,000. The current average rent of €7.00 /m² still offers great potential upwards, in addition, 450 m² of attic space can also be rented in the future.
Germany is the largest economy in Europe and has become the second largest real estate investment market in the world in recent years. In addition to national investors, international investors who place their trust in Germany as a business location are now also increasingly active.
Investors receive an annual interest rate of 6.50% on their invested capital. The interest is distributed to the investors every year. The capital invested is repaid to the investors at the end of the term of a maximum of 30 months.
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.
The borrower is the registered owner of the property with the address Charlottenstraße 47, 13156 Berlin, Germany. The building contains a total of 20 units, with a current leasable area of just under 1,155 m². The issuer has already purchased the property and plans to revitalize it and add an additional 450m² of living space on the top floor. Subsequently, the project will be sold either through a global sale to an investor or to individual users. In total, approx. 1,605m² of usable living space will be created.
The property currently generates an annual net rent of more than €97,000. The aim of the crowdinvesting campaign is to partially redeem the equity invested.
During the term, the lender receives an annual distribution of 6.50%.
The lender will receive its invested capital back at the end of the campaign. According to planning, this is to take place after a maximum of 30 months.
The property is located in Niederschönhausen near the Volkspark Schönholzer Heide in the district of Pankow. Located in the northeast of Berlin, Pankow borders four Berlin districts and is also the city border with neighboring Brandenburg. In addition, Siemensstraße is surrounded by all major amenities for daily needs.
The Brandenburg Gate in Berlin is an Early Classicist triumphal gate that stands on the western flank of the square Pariser Platz in Berlin's Mitte district. The gate is the most famous Berlin landmark and a German national symbol, with which many important historical events of the 19th and 20th centuries are associated. Thus, until the Second World War, the end of Napoleonic rule in 1813-1815, in particular, was associated with the structure. During the Weimar Republic, Constitution Day was celebrated here every year on August 11. Until the opening of the Iron Curtain, it stood directly on the border between East and West Berlin and thus symbolized the clash of the Warsaw Pact and NATO at the most sensitive point of their common border during the Cold War. Accordingly, since 1990 the Brandenburg Gate has also been regarded as a symbol of the overcoming of the division of Germany and Europe.
The Berlin Wall Memorial commemorates the division of Berlin by the Wall and the deaths at the Berlin Wall. The national memorial, a 70-meter-long original section of the border fortifications, was rebuilt in 1998 by the Federal Republic of Germany and the State of Berlin on Bernauer Strasse (parts of the Wall came from other sections) and later expanded. Today, the memorial site covers a length of 1.4 kilometers on the former border strip and includes, in addition to the memorial, an outdoor exhibition, the Chapel of Reconciliation, the Berlin Wall Documentation Center, the Window of Remembrance, and the Visitor Center and an exhibition in the neighboring Nordbahnhof S-Bahn station.
The Reichstag building on Platz der Republik in Berlin has been the seat of the German Bundestag since 1999. Since 1994, the Federal Assembly has also met here to elect the German president. The building was constructed according to plans by architect Paul Wallot between 1884 and 1894 in the neo-Renaissance style in the Tiergarten district on the left bank of the Spree River. It housed both the Reichstag of the German Empire and that of the Weimar Republic. Initially, the Federal Council of the Empire also met there. After severe damage from the Reichstag fire of 1933 and World War II, the building was restored in a modernized form in the 1960s and served for exhibitions and special events. From 1995 to 1999, the Reichstag was fundamentally redesigned by Norman Foster for its permanent use as a parliament building, which was decided in 1991. On April 19, 1999, the keys were handed over to Bundestag President Wolfgang Thierse. Since then, the German Bundestag has been meeting there. The walk-in glass dome above the plenary chamber is a striking feature of the cityscape.
The East Side Gallery memorial in Berlin-Friedrichshain is a permanent open-air gallery on the longest remaining section of the Berlin Wall on Mühlenstrasse between Berlin's Ostbahnhof station and the Oberbaumbrücke bridge along the Spree River. In spring 1990, after the opening of the Berlin Wall, this section was painted by 118 artists from 21 countries over a length of 1316 meters.
Purchase costs property 2.659.300 €
Purchase - additional costs 385.700 €
Project planning costs 255.000 €
Total investment costs 3.300.000 €
Sales revenue 3.850.000 €
Profit 550.000 €