Real Estate Investment blog

Q3 2020 property overview

Reinvest24 Q3 overview
Reading Time: 5 minutes

In the past, our property quarter overviews were sent via email only to users who are invested in a particular project. Starting from Q1 2020, the overviews of our rental properties, as well as the development projects are available for everyone. We believe that this will increase the transparency and all our investors will have a better overview of what’s happening with the properties on Reinvest24. It is very important as the secondary market launch in approaching and all investors will be able to invest in already ongoing projects in the very near future.

For our development projects we have a seperate articles that we are constantly updating, including images and videos, to keep you up to date with the whole process. If you havent checked them out yet, then I highly recommend to take a look:

High yielding office space in Rocca Al Mare property overview

Rocca-al-mare laev
Address: Vabaõhumuuseum tee 1, Tallinn

Income and costs:

JulyAugustSeptember
Gross rental: 4378 EURGross rental: 4378 EURGross rental: 4378 EUR
Platform fee: 169 EURPlatform fee: 169 EURPlatform fee: 169 EUR
Profit: 4209 EURProfit: 4209 EURProfit: 4209 EUR
Payout: 4209 EURPayout: 4209 EURPayout: 4209 EUR
2020 Q3
  • We plan to keep this property long-term, as the property is well secured with a good rental contract for the next 8 years period and has a great potential for capital growth!
  • So far everything has been going smooth with this property, there has not been any issues with the tenant or rental payments.

Restaurant and wine boutique commercial space in Kadriorg

Terase 16 Kadriorg
Address: Terase 16, Tallinn

Income and costs:

JulyAugustSeptember
Gross rental: 2333 EURGross rental: 2333 EURGross rental: 2333 EUR
Platform fee: 233 EURPlatform fee: 233 EURPlatform fee: 233 EUR
Profit: 2100 EURProfit: 2100 EURProfit: 2100 EUR
Payout: 2100 EURPayout: 2100 EURPayout: 2100 EUR
2020 Q3
  • The tenant is restaurant Radio, who is doing well and has no issues with rental payments.
  • All the documents have been submitted to the City Hall to change the legal status of this property.
  • The new appraisal report will be made, once the purpose of the property is changed to commercial space (notarial obligation of the previous owner).

Land plot with existing cash flow and development potential

Vinkli 9
Address: Vinkli 9, Tallinn

Income and costs:

JulyAugustSeptember
Gross rental: 1900 EURGross rental: 1900 EURGross rental: 1900 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Platform fee: 190 EUR
Other costs: 20 EUR
Profit: 1690 EURProfit: 1690 EURProfit: 1690 EUR
Payout: 1690 EURPayout: 1690 EURPayout: 1690 EUR
2020 Q3
  • This land plot is rented out to one of the top Estonian startup – Starship Technologies, who use it to test their self-driving robotic delivery vehicles.
  • We have been in contact with real estate developers who are interested to build on this land. The most probably the profitable exit will happen in 2021 spring.

Land plot with cash flow and signed buyout

Vinkli 10
Address: Vinkli 10, Tallinn

Income and costs:

JulyAugustSeptember
Gross rental: 1300 EURGross rental: 1300 EURGross rental: 1300 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Platform fee: 130 EUR
Other costs: 20 EUR
Profit: 1150 EURProfit: 1150 EURProfit: 1150 EUR
Payout: 1150 EURPayout: 1150 EURPayout: 1150 EUR
2020 Q3
  • Some of the tenants have been changing overtime, but the vacancy rate has been 0%.
  • Tenants have been paying on time and there has not been any issues.
  • The latest exit date for this property is 2021 May. For our investors the exit will mean 13% capital growth.

Rental apartments in Tallinn´s tech hub

Majaka 54 - 13
Address: Majaka 54-13, Tallinn

Modern office in the business center of Tallinn

Ahtri 6a - modern office
Address: Ahtri 6a, Tallinn
  • The property started generating income for our investors since 01.09.2020.
  • First rental payout has been made for our investors. The property has 3 indoor car parking slots, which will be rented out seperately to increase the rental income.
  • The tenant requested some construction works, which also include minor changes in the office planning. The construction works are ongoing and once they are completed, we will give an overview of the process and the results.
  • After the construction works are completed, a new appraisial report will be made.

Office space on Dārzauglu street

Address: Darzauglu 1-50, Riga
  • First rental property located in Riga – an office space with valid rental contract with a local IT company.
  • This property got funded in the beginning of October 2020, first rental payment will be made in November.
  • The property offers 8% net rental income and will be exited by the end of 36 month period with premium.

Rental apartment on Oja street

Oja rental apartment
Address: Oja 61-18, Tallinn
  • Residential apartment in Tallinn, fully funded in the beginning of October.
  • First rental payout has been made, proportionally to every investor, based on the days they were invested in September.
  • The seller will stay renting the apartment for 36 months, yielding our investors 8% net income.
  • After the 36 month period the seller will purchase back the apartment with a premium.

You can read more about how Reinvest24 platform did overall in the past 3 months in our blog post: Reinvest24 Q3 2020 overview

Are you looking for the investment strategy where the monthly cash flow of dividends is in the foreground? Then Reinvest24 real estate crowdfunding platform is the best choice of yours. Seed your future profits now.

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