Real Estate Investment blog

Q4 2020 property overview

q4 property update
Reading Time: 6 minutes

In this Q4 property overview, we will share with you all the most important news and updates you need to know about Reinvest24 ongoing rental properties.

In Q4 2020, our secondary market was launched and we have been seeing a lot of activity there already. Now it is even more important to have an up to date overview about each of our on going rental properties, before making any deals on the secondary market. Soon we are going to change the format of this kind of overviews. Instead of quarter overviews that we were making before, we will implement “updates” sections for each property and it will include all the information you can find in this overview. We believe it will become even more convenient to follow-up on the news, related to Reinvest24 properties.

For our development projects, we have a separate article that we are constantly updating, including images and videos, to keep you up to date with the whole process. If you haven’t checked them out yet, we highly recommend to take a look at our “Insider updates”:

But now let’s have a look at the rest projects, available on Reinvest24.

High yielding office space in Rocca Al Mare property overview

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

Income and costs:

OctoberNovemberDecember
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 Q4
  • We plan to keep this property long-term, as the property is well secured with a good rental contract for the next 7 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.
  • The new appraisal report will be conducted in Q1 2021. The new appraisal report will change the shares book value.

Restaurant and wine boutique commercial space in Kadriorg

Terase 16 Kadriorg
Address: Terase 16, Tallinn

Income and costs:

OctoberNovemberDecember
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 Q4
  • The tenant is restaurant Radio, they were doing well in Q4 and there have not been any issues with rental payments.
  • The postponed rental payment from 2020 Q2 pandemic lock dock has not been paid yet, since the situation is not stable yet and we are giving the tenant some additional time.
  • 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 legal status of the property is changed to commercial space (notarial obligation of the previous owner), which we expect to happen in Q1 2021.
  • The new appraisal report will change the shares book value.

Land plot with existing cash flow and development potential

Vinkli 9
Address: Vinkli 9, Tallinn

Income and costs:

OctoberNovemberDecember
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 Q4
  • 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 profitable exit is planned for 2021 Q2.

Land plot with cash flow and signed buyout

Vinkli 10
Address: Vinkli 10, Tallinn

Income and costs:

OctoberNovemberDecember
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 Q4
  • 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.

Modern office in the business center of Tallinn

Ahtri 6a - modern office
Address: Ahtri 6a, Tallinn

Income and costs:

OctoberNovemberDecember
Gross rental: 2800 EURGross rental: 2800 EURGross rental: 2800 EUR
Platform fee: 0 EURPlatform fee: 0 EURPlatform fee: 0 EUR
Profit: 2800 EURProfit: 2800 EURProfit: 2800 EUR
Payout: 2800 EURPayout: 2800 EURPayout: 2800 EUR
2020 Q4
  • The property started generating income for our investors since 01.09.2020.
  • The property has 3 indoor car parking slots, which will be rented out separately to increase the rental income.
  • The tenant requested some construction works, which also include minor changes in office planning.
  • The rental contract is secured for 3 years period, as the tenant paid partially for the construction works, the rental income is a bit lower than estimated, but the capital growth achieved through the renovation will compensate that.
  • Reinvest24 did not take any operational fees in Q4 2020. Operating fee will be taken from the profits made through the exit.
  • The new appraisal report will be conducted in Q1 2021. The new appraisal report will change the shares book value.

Office space on Dārzauglu street

Address: Darzauglu 1-50, Riga

Income and costs:

OctoberNovemberDecember
Gross rental: 1093 EURGross rental: 1093 EURGross rental: 1093 EUR
Platform fee: 0 EURPlatform fee: 0 EURPlatform fee: 0 EUR
Profit: 1093 EURProfit: 1093 EURProfit: 1093 EUR
Payout: 1093 EURPayout: 1093 EURPayout: 1093 EUR
2020 Q4
  • First rental property located in Riga – office space with the valid rental contract with a local IT company.
  • This property got funded at the beginning of October 2020, first rental payment was made in November.
  • So far there has not been any issues with the tenant and the rental payments.
  • The property generates 8% net rental income and will be exited by the end of 36 month period with +10% premium.
  • Reinvest24 will take the operating fee from the profits made through the exit.

Rental apartment on Oja street

Oja rental apartment
Address: Oja 61-18, Tallinn

Income and costs:

OctoberNovemberDecember
Gross rental: 742 EURGross rental: 753 EURGross rental: 753 EUR
Platform fee: 0 EURPlatform fee: 0 EURPlatform fee: 0 EUR
Profit: 742 EURProfit: 753 EURProfit: 753 EUR
Payout: 742 EURPayout: 753 EURPayout: 753 EUR
2020 Q4
  • Residential apartment in Tallinn, fully funded at the beginning of October.
  • The 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.
  • Reinvest24 will take the operating fee from the profits made through the exit.

Rental property on Maiznicas street

Maiznicas
Address: Maiznīcas iela 3, Central District, Riga

Income and costs:

OctoberNovemberDecember
Gross rental: 116 EURGross rental: 453 EURGross rental: 453 EUR
Platform fee: 0 EURPlatform fee: 0 EURPlatform fee: 0 EUR
Profit: 116 EURProfit: 453 EURProfit: 453 EUR
Payout: 116 EURPayout: 453 EURPayout: 453 EUR
2020 Q4
  • Our second rental property located in Latvia – commercial space in the city center of Riga.
  • We have a 3-year rental contract with the prime tenant who is managing the premises and sublet them to tenants.
  • The property generates 8% net rental income and will be exited by the end of 36 month period with +10% premium.
  • So far there has not been any issues with the tenant and the rental payments.
  • Reinvest24 will take the operating fee from the profits made through the exit.

You can find more about how the year 2020 was for Reinvest24 platform in this video overview: Reinvest24 2020 video 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.