receive an additional 100% of your investment in bbk ... · information displayed provided by: rsi...

REAL ESTATEBROCHURE

BONUS: Receive an additional 100% of your investment in BBK

TOTAL ROI: 230%+ at year 10

IRR: 23%

Information displayed provided by: RSI Sachwert-Konzept GmbH & Co. KG, Taunusstraße 62, 65183 Wiesbaden, DE Offering By: Property Schönbergstraße 31 GmbH.

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INVESTMENT SPECS

Property type: Multi-unit residential

Location: Frankfurt (Wiesbaden)

Project cost: 2,200,000€

Funding target: 800,000€

Bank financing: 1,400,000€

Investment rate of return: 4.8-6.5% per year

Return on investment: ~60%

Hold: 10 years

BONUS: Receive an additional 100% of your investment in BBK

TOTAL ROI: 230%+ at year 10

IRR: 23%


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Equity multiplier: 2.75. For every euro invested, you receive €2.75 worth of the property value. +1 euro worth of BBK, for a total value of 3.75 for every one euro invested!

Property prices in Wiesbaden are expected to grow 13.77% by 2030 (fourth-fastest rate of growth in Germany). - Wohnatlas 2016

High demand for rental properties (94.58 apartments available per 100 households) in Wiesbaden. - Wohnatlas 2016

Below-market financing from bank: 1,400,000€ of financing provided at a rate of 2.05% per year and a rate of 2.0% amortization locked for 10 years.

Open opportunity: There are currently two vacant units. 100,000€ is allocated for renovating these units to meet current modern standards.

Value added through property improvements: The property is currently not realizing its full rent and occupancy potential. The above-mentioned renovation budget will prime the building for full occupancy.

Proximity to employment and amenities: the property is located near several employment, recreation, and entertainment options in the immediate vicinity. Residents of Wiesbaden also benefit from convenient transit options to Frankfurt.

Experienced third party property management: The management of RSI Group has 20+ years of experience within the real estate sector, including but not limited to asset management, real estate finance and property development. RSI uses a vast network of the largest and most professional property managers and service providers and coordinates them for their clients. The property is backed by a sinking fund to cover all repairs and maintenance.

INVESTMENT HIGHLIGHTSReceive +100% of your investment in BBK tokens! This bonus is to celebrate the world‘s first tokenization of real estate.


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PROJECT

Schönbergstraße 31

Units: 8

Size: 605 square metres

Location: Wiesbaden-Dotzheim

Renovations & improvements: 2003, 2005, 2007, 2016

Future renovation budget: 100,000€ (to renovate two vacant apartments and minor cosmetic improvements)


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MARKET

Economic engine

As the state capital of Hessen, Wiesbaden’s economy is powered by a broad mix of sectors. These include pharmaceuticals, high-tech, IT, manufacturing, and creative industries. The city is home to many Hessian ministries, as well as the Federal Criminal Police Office and the Federal Statistical Office of Germany. Wiesbaden hosts a number of international companies that have their German or European headquarters in the city, including Abbott Laboratories, DXC Technology, Ferrari, Federal-Mogul, Melbourne IT, Norwegian Cruise Line and SCA. Several German companies also have their headquarters in Wiesbaden, including SGL Carbon, Dyckerhoff, KION Group, DBV-Winterthur and R + V Versicherung.

Strong real estate market

As the Hessian state capital evolved from a fashionable health resort into an international administrative and service centre, demand for housing has not been met with sufficient supply.

The median asking rental price in Wiesbaden has risen from 8.81€ to 10,72€ per square metre over the last four years. Purchase prices for 60-square meter flats have increased from € 1.943,60 in 2011 to € 3.191,88 in 2016 on average.

According to the 2016 Wohnatlas published by Postbank, real estate prices in Wiesbaden are expected to continue to increase significantly in the near future.


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Well-connected

Together with nearby Frankfurt am Main, Darmstadt and Mainz, Wiesbaden is part of the Frankfurt Rhine Main Region, a metropolitan area with a combined population of more than six million people. Frankfurt, a major international financial hub, can be reached in 30 minutes by car or rail (S-Bahn network connection). Frankfurt International Airport is just 25 kilometres away.

Favourable demographics

Wiesbaden is the 10th-richest city in Germany, boasting 110.3% of the national average gross domestic product (2017). The average citizen has a purchase power of 24,783€. The city’s diverse economy and emerging creative sector have contributed to a significant net migration of young people in recent years.

Fun facts

Wiesbaden is one of the oldest spa towns in Europe and was at one point considered the “Nice of the North.” Its name translates to „meadow baths.“ Wiesbaden is the birthplace of Anheuser-Busch co-founder Adolphus Busch, Formula One champion Nico Rosberg, and American tennis star John McEnroe. Priscilla Presley, Mickey Rourke, and Reese Witherspoon have all called Wiesbaden home at one point in their lives.

Experienced third party property management:

The management of RSI Group has 20+ years of experience within the real estate sector, including but not limited to asset management, real estate finance and property development. RSI uses a vast network of the largest and most professional property managers and service providers and coordinates them for their clients. The property is backed by a sinking fund to cover all repairs and maintenance.


Wiesbaden: Elegant spa city and ambitious serice center

The Hessian state capital has evolved from a fashionable health resort into an international administrative and service center.

In the 19th century the city became a playground of high society, where nobilty and bourgeoisie gathered for entertainment and recuperytion.

The stays of the German Emperor Wilhelm I and Wilhelm II, in whose favor Wiesbaden became the meeting place of nobility, arts and politics, drew crowds to the area.

Since Wiesbaden suffered little structural damage in the Second World War, the historical building stock laregly survived.

The Old fuctional Areas of the spa town remain visible. The Quellenviertel area features the old bat houses, now operated as hotels. The Kurhaus´boasts the casino that reveived a literary memorial in the dosdoyevsky novel „The Gambler“, but it is also the venue of balls and large festivals.

Wiesbaden’s reputation as a world spa city is also attributable to a number of prestigious public buildings and extensive landscaped grounds in the city centre.

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The two urban expansion zones, Bergkirchenviertel and Inneres Westend, reflect the structure of the historic working-class district with its characteristic courtyards and workshops still largely intact.

The urban expansion zone Ringkirchenviertel remains the preferred residential area of the upper middle class.The heritage-protected overall structure of Wiesbaden is one of the most extensive heritage areas in Germany.

The maintenance and preservation of the historic building stock has played a significant role in the city’s urban development for decades.

In summer 2012, the City submitted an application to become a UNESCO World Heritage Site as the “stage of high society and culture in the 19th century”.

The Hessisches Staatstheater Wiesbaden is the State Theatre of the German state Hesse in its capital Wiesbaden, producing operas, plays, ballets, musicals and concerts on four stages.

It is also known as Staatstheater Wiesbaden or Theater Wiesbaden, its orchestra is the Hessisches Staatsorchester.

The building was inaugurated in 1894.

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10

Financials:

Base Data

Appartment

Ground floor left

Ground floor right

1st floor left

1st floor right

2nd floor left

2nd floor right

loft left

loft right

floor space:

Purchase price:

per square meter:

Plot size:

Year of construction:

No.

1

2

3

4

5

6

7

8

Size sqm

62.65

81.97

62.65

81.97

62.65

81.97

99.54

71.97

605.37

1,915,000.00 €

3,163.35 €

651 m²

1955

rooms

2

3

2

3

2

3

3

3

status

renovated

new floor

renovated

not renovated

not renovated

renovated

renovated

renovated

net rent actual

500.00 €

633.00 €

510.00 €

-

-

640.00 €

790.00 €

599.00 €

3,672.00 €

net rent target s/t

550.00 €

664.65 €

561.00 €

950.00 €

720.00 €

704.00 €

869.00 €

658.90 €

5,677,55 €


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Purchase

Purchase price:

Notary:

RE Puchase Tax:

Cost of SPV:

Total cost:

Renovation cost

Cost incl. renovation:

Operating expenses

Maintenance reserve

Property Management

Rental Management

Asset Management

1,915,000.00 €

38,300.00 €

114,900.00 €

25,000.00 €

2,093,200.00 €

100,000.00 €

2,193,200.00 €

€ 0,50 per sqm/month

€ 24,00 per unit/month

€ 24,00 per unit/month

€ 200,00 per month

Funding:

Loan from Geno Bank:

Equity required:

302.69 €

192.00 €

192.00 €

200.00 €

886.69 €

1,400,000.00 €

800,000.00 €

302.69 €

192.00 €

192.00 €

200.00 €

886.69 €operating exp.


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Equity

Purchase price

Bank loan

Interest rate

Amortisation

Annuity:

800,000.00 €

1,915,000.00 €

1,438,000.00 €

2.05%

2.00%

58,260.00 €

Rent increase

Value increase

Operating exp.

Op. Exp. Incr.

2.50%

2.75%

10,640.22 €

2.50%

(starting year 3)


13

year

interest p.a.

amortisation

Operating expenses

Rent:

Ground floor left

Ground floor right

1st floor left

1st floor right*

2nd floor left*

2nd floor right

loft left

loft right

Rent total month:

Rent total year:

Cash Flow

loan end of year

Property value

Net Value:

IRR

2018

24.541,20 €

9.588,28 €

10.640,22 €

500,00 €

633,00 €

510,00 €

475,00 €

360,00 €

640,00 €

790,00 €

599,00 €

4.507,00 €

45.070,00 €

300,30 €

1.428.411,72 €

1.967.662,50 €

539.250,78 €

5,91%

2019

29.008,63 €

29.221,37 €

10.906,23 €

550,00 €

664,65 €

561,00 €

950,00 €

720,00 €

704,00 €

869,00 €

658,90 €

5.677,55 €

68.130,60 €

-1.005,63 €

1.399.190,35 €

2.021.773,22 €

622.582,87 €

2020

28.403,92 €

29.826,08 €

11.178,88 €

563,75 €

681,27 €

575,03 €

973,75 €

738,00 €

721,60 €

890,73 €

675,37 €

5.819,49 €

69.833,87 €

424,98 €

1.369.364,27 €

2.077.371,98 €

708.007,71 €

2021

27.786,70 €

30.443,30 €

11.458,35 €

577,84 €

698,30 €

589,40 €

998,09 €

756,45 €

739,64 €

912,99 €

692,26 €

5.964,98 €

71.579,71 €

1.891,36 €

1.338.920,97 €

2.134.499,71 €

795.578,74 €

2022

27.156,71 €

31.073,29 €

11.744,81 €

592,29 €

715,76 €

604,14 €

1.023,05 €

775,36 €

758,13 €

935,82 €

709,56 €

6.114,10 €

73.369,20 €

3.394,39 €

1.307.847,68 €

2.193.198,45 €

885.350,77 €

2023

26.513,71 €

31.716,29 €

12.038,43 €

607,10 €

733,65 €

619,24 €

1.048,62 €

794,75 €

777,08 €

959,21 €

727,30 €

6.266,95 €

75.203,43 €

4.935,00 €

1.276.131,39 €

2.253.511,41 €

977.380,02 €

2024

25.857,38 €

32.372,62 €

12.339,39 €

622,27 €

751,99 €

634,72 €

1.074,84 €

814,61 €

796,51 €

983,19 €

745,48 €

6.423,63 €

77.083,52 €

6.514,13 €

1.243.758,77 €

2.315.482,98 €

1.071.724,21 €

2025

25.187,46 €

33.042,54 €

12.647,88 €

637,83 €

770,79 €

650,59 €

1.101,71 €

834,98 €

816,42 €

1.007,77 €

764,12 €

6.584,22 €

79.010,61 €

8.132,73 €

1.210.716,23 €

2.379.158,76 €

1.168.442,53 €

2026

24.503,69 €

33.726,31 €

12.964,07 €

653,78 €

790,06 €

666,85 €

1.129,25 €

855,85 €

836,83 €

1.032,97 €

783,23 €

6.748,82 €

80.985,87 €

9.791,80 €

1.176.989,92 €

2.444.585,62 €

1.267.595,70 €

2027

23.805,76 €

34.424,24 €

13.288,18 €

670,12 €

809,81 €

683,52 €

1.157,48 €

877,25 €

857,76 €

1.058,79 €

802,81 €

6.917,54 €

83.010,52 €

11.492,34 €

1.142.565,68 €

2.511.811,73 €

1.369.246,05 €

Assumption property sale in year 10 * rent for 6 months

receive an additional 100% of your investment in bbk ... · information displayed provided by: rsi...

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