Van Bylandtstraat 163 Den Haag

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10 bonds (€95 p.b.)

Increase in value

Sales return

Rental return

€950

Total return

10%

Value after 10 years

€1739

View free exclusive offers

The property consists of independent living units for 2 people, which is more than 40% of the rental market. It is located in a good neighborhood near the beach and the center of The Hague. There has been no vacancy in recent years, and the apartments have been rented in accordance with all permits. The state of maintenance is more than adequate, and new insulation glass was installed in 2023.

Obligatievoorwaarden

AFM informatiedocument

Want to know more about the developments in house values in The Hague? See Kadasterdata The Hague.

My Prop Team itself has more than 30 years of experience in large-scale real estate investing and property management. We have a pipeline of about 40 million dollars in real estate investments, so investors have plenty of choices. For example, for good risk diversification, you can buy both variable rate bonds with price appreciation in combination with fixed rate bonds without price appreciation, namely:

A. Variable-rate bonds with price appreciation and participation

Investing in real estate can, with some properties, produce, in addition to variable dividend or interest income, a price profit because you participate proportionally in the value increase. In recent years, real estate in the Netherlands has increased in value by an average of approximately 5% per year, and we expect this trend to continue. Moreover, it takes on average 5 years for a tenant to quit, so there is a jump in value of about 20% or an average of 4% per year. After all, when the flat becomes vacant, it is sold and the loans are repaid in full.

Because investors can sell in the interim, you can make a price profit because the underlying appraisal value of the property has increased and there is a claim on the sales proceeds of the property. Every 1 to 3 years, an appraisal is performed to track the value development of your investment.

B. Fixed rate with no price gain and no participation appreciation

Some properties allow you to choose an annual fixed rate of return, in which case you do not share in the increase in value and receive no price gain.

Every 12 months, we pay the net rental income or interest to our investors.

You can sell mid-term by offering your investment to us first, after which you are free to offer it among yourself on the platform.

When investing in real estate, we recommend an investment horizon of more than 7 years. It is not recommended if you have a shorter period in mind.

The pledge owner is the issuer and is offering the institution of the bonds; see more information on the bond condition page. You are not the owner of or liable for the property with respect to the certificates you purchase. My Prop manages the property for the owners and distributes the returns earned to its investors every 12 months and pro rata to the property owner.

View our properties and select the number of bonds you want to purchase in these properties. You will then receive a payment link, after which you will receive your purchased Prop certificates in the mail.

We are completely transparent and only charge the following fees:

Issuance fee: For offering certificates on our platform, we charge an issuance fee. This fee is used to cover costs such as selecting and screening the property and all promotional costs associated with offering the certificates.
Transaction fee: For buying and selling your certificates, My Prop will charge a 0.5% fee, as well as if the property is sold.
Management fee: For managing the property, we deduct about 6–8% from the net rent, depending on the property. From here, we take care of maintenance, contracting tenants, handling repair requests, paying running costs, and preparing annual accounts for our investors.

What are the risks with real estate?

There are always risks, such as defaulting tenants and fluctuations in value, and you may lose part or all of your investment, as with all investments. Past performance does not guarantee the future.

My Prop has met the reporting requirements, complies with all requirements regarding the exemption from the prospectus requirement of the AFM, and strives to operate with full transparency for all its investors.

My Prop is a trade name of Haege Investements BV and does not fall under the supervision of the Authority for the Financial Markets (AFM) as the issuer of the bonds is less than EUR 5 million per 12 months. MY PROP meets all requirements regarding the exemption from the prospectus requirement and always strives to operate with full transparency for all its investors. Haege Investments BV has been registered with the Chamber of Commerce in The Hague since 1994 under KvK number 27174079 and is located at Da Costastraat 103, 2513 RR The Hague.

Note
It is advisable to carefully weigh both the risks and opportunities of a bond. Keep in mind that over time there may be yield, marketability, and vacancy risks. Therefore, we recommend an investment horizon of at least 7 years, as the value of your investment can go down as well as up, and you may lose some or all of your investment, as with all investments. Past results achieved offer no guarantees for the future.

There are always risks, such as defaulting tenants and fluctuations in value, and you may lose part or all of your investment, as with all investments. Past performance is no guarantee of future results.

My Prop has complied with the disclosure requirements, meets all requirements regarding the exemption from the prospectus requirement of the AFM, and strives to operate with full
transparency for all of its investors. For additional information and a comprehensive overview of the main risks, please also refer to the real estate-specific AFM information document.

My Prop does not fall under the supervision of the Authority for the Financial Markets (AFM) as the issuer of the bonds is less than EUR 5 million per 12 months. MY PROP meets all requirements regarding the exemption from the prospectus requirement and always strives to operate with full transparency for all its investors. Haege Investments BV, which has been registered with the Chamber of Commerce in The Hague since 1994 under KvK Number: 27174079 and is located at Da Costastraat 103, 2513 RR The Hague, provides My Prop's investment services.

Note
It is advisable to carefully weigh both the risks and opportunities of my project. Keep in mind that over time there may be yield, marketability, and vacancy risks. Therefore, we recommend an investment horizon of at least 7 years, as the value of your investment can go down as well as up, and you may lose part or all of your investment, as with all investments. Past performance is no guarantee of future results.

In general, the higher the offered or expected return, the higher the risk. The offered or expected yield on the bonds depends on the profit made by the issuer. There is a chance that the profit is lower than expected or that there is even a loss, as a result of which you may receive a lower return or even lose all or part of your investment. The main reasons why the issuer may not be able to pay out the offered or expected return or even your investment are:

The risk of property depreciation

There is a risk of depreciation of the property because during the term of the bonds the market value of real estate in general or of the property in particular may decrease, as this market value depends, among other things, on general economic developments and market conditions in the real estate market in particular. This means that, if this risk materializes, you may receive a lower interest rate at the end of the term of the bonds or your investment may not be (partially) repaid. In addition, the property can serve as collateral for a possible mortgage loan. If the market value of the property decreases, the value of the collateral for the possible mortgage loan will also decrease. If the situation arises in which the credit provider (see definition below) claims the mortgage right granted, the proceeds will also be lower than expected, as a result of which the issuer will also receive lower proceeds from the sale of the property and, as a result, your investment (partially) cannot be refunded. A lower market value of the property may also affect a possible refinancing of the bond loan.

Financing risk

In the event of an early sale, the property may be sold for a lower sales price than the purchase price, which can have a material impact on the profit of the issuing institution. In that case, you may not receive interest during a certain period.

or your investment may not be (partially) repaid after the property has been sold.

risk of vacancy or decrease in market rental value

There is a risk of vacancy or a decrease in market rental value because the current tenants of the property can cancel the lease and then, despite the best efforts of the issuer and the brokers engaged, be affected by changes in the rental market if no tenants can be found for (part of) the property or no tenants can be found at the intended rent. This means that, when this risk materializes, the issuer may not be able to rent out the property or at a lower price than expected, and the issuer will unexpectedly (and temporarily) enjoy no or lower income. In that case, you may not receive any interest during a certain period.

The bonds cannot be traded on a stock exchange or platform and therefore have limited tradability. This means that there may be no buyer for your bond if you wish to dispose of your investment in the meantime. You therefore run the risk that you cannot get your money back at the time you want and that you have to hold on to your investment longer or sell your bond for a lower price. There are also other significant risks.

Dependence on licenses or similar rights

There is a risk that the issuer's business or investment model will be hindered or become unfeasible due to the non-renewal or withdrawal of the (already obtained) license or comparable (government or non-government) rights for room rental of the property, the adjustment by the government of the social rental housing scheme (as a result of which the property falls into the social rental segment), or the introduction by the government of a self-occupancy obligation (as a result of which the issuer places the property in its whole or per room and can no longer rent to tenants This means that, when this risk materializes, the issuer, for a certain period or for the remaining term, may not be able to rent the property or may do so at a lower price than expected, and the issuer may unexpectedly (temporarily) receive no or a lower income to enjoy. In that case, you may not receive any interest (for a period of time) or your investment may not be partially repaid at the end of the bond's term.

Conflicts of interest

There is a risk that the director's interests will conflict with the bondholders' interests because the issuer indirectly receives management fees from the issuer via My Prop, which costs are charged directly to the bondholder's return.investors (interest, final payment, and redemption). If there is less or no rental income for the property during a period, the management fee will first be paid before the amount of the interest (if any) is determined for the investors. In that case, you may not receive any interest during a certain period. In addition, any exit fee will first be paid before the surplus is distributed pro rata among the investors (this will less likely lead to a conflict of interest, now that the interests of both my company and the bondholders are equal at the highest possible selling price).

Early redemption

There is a risk of early redemption because the issuer has the right under the bond conditions to redeem all or part of the bonds early if it deems this necessary or desirable. There is a risk that the issuer decides at any time during the term to repay (or repay) all or part of the bond loan early to the bondholders, for example, because the property can be sold on favorable terms or in connection with cost savings, the financial situation of the issuer, or (partial) refinancing. This means that you receive all or part of your investment earlier and at a different time than you expected, that you realize a lower return than intended due to the shorter term, and that you must or can look for a new investment opportunity for the remaining period (possibly on less favorable terms). In the event of refinancing, it may also happen that the property is not sold and there is no surplus to pay out at the time of redemption. In the event that the bond loan is repaid early in its entirety, you will only be entitled to the interest that has already accrued up to the time of the early repayment, and you will no longer be entitled to the interest to which you would be entitled if the bond loan were repaid at the end of the term. expected maturity would be repaid. Furthermore, you are not entitled to compensation in connection with an early redemption or compensation for this missed interest, nor a pro rata claim on the surplus. If the bond loan is partially repaid early, the amount of interest after the early repayment will be lower.

Priority payment

Payment of the return to bondholders takes place after deduction of all costs of the issuing institution (including maintenance costs, management fees, city taxes, VvE contributions, long leases, and the repayment of a mortgage loan once obtained) from the relevant rental income. There is a risk that the issuer will not have sufficient liquid assets to pay the return to the bondholders (particularly in cases where there is a prolonged period of vacancy or a decrease in the market rental value, which risk is also specified below). In that case, you may receive no interest or less than expected interest (during a certain period). In the event of bankruptcy, the claims of the lenders (as defined below) and costs associated with the (forced) sale of the property and any bankruptcy trustee will take precedence over the payment of the interest and repayment to bondholders. In that case, you may be faced with a situation in which your claim against the issuer cannot be settled because there are insufficient liquid assets remaining, as a result of which your rights to accrued interest and your investment in the bonds cannot be partially paid or refunded.

Limited equity
The issuer's equity is limited in relation to its debt. This means that the buffer of equity is small, so that in the event of disappointing results (for example, as a result of the realization of one of the risks associated with the issuer and its business, as described below), the issuer will relatively quickly no longer be able to meet its obligations on the bonds. As a result, the risk profile of bonds is similar to the risk profile of stocks.

Risk of damage to the property
There is a risk of damage to the property, for example due to extreme weather conditions or fire, as a result of which the issuer will have to incur unexpected costs for repair work and the property can temporarily not be let or only partially let, possibly at a lower price than expected. This risk is partly mitigated because the issuer reserves a portion of both the bond proceeds and the monthly rental income for maintenance costs (in the form of maintenance reserves). In the event of damage, the issuer will always bear at least the excess amount, even if the damage is otherwise covered by insurance.

Risk of loss of rent
There is the risk of loss of rent because the issuer will rent out the property. Loss of rent can occur, for example, due to vacancy of the property (see also the "risk of vacancy"), damage to the property that makes it temporarily unrentable (see also the "risk of damage to the property"), or non-payment or bankruptcy of tenants (even after mitigating measures taken by any collection proceedings). This means that if this risk materializes, the issuer will unexpectedly enjoy lower or no income. In that case, you may not receive interest (during a certain period) or, at the end of the term of the bonds, your deposit may not be (partially) repayable.

Risk of external financing
There is a risk due to external financing that the issuer can attract from an external party, a mortgage lender (together, the lenders). Under such financing, the lenders may impose conditions and security rights that may establish first priority. There is a risk that in the event of external financing during the term of the external financing, the issuer may be unable to comply with the terms of the external financing, and lenders may decide to take measures to safeguard their interests and enforce compliance by the issuer with the obligations under the external financing. In doing so, the lenders (primarily) serve their own interests and not the interests of the issuer or bondholders. Part of these measures could be that the lenders decide to enforce collateral and/or otherwise take (indirect) control over the issuer. In that case, the issuer can only meet its payment obligations to the bondholders after the claims of the lenders are fully repaid. The bondholders could then be faced with a situation in which their claim on the issuer cannot be satisfied, as a result of which they could (partially) lose their rights to accrued interest and their investment in the bonds.

Risk of higher maintenance costs for the property
There is a risk of higher maintenance costs for the property because the cost of maintaining it after delivery may be higher than expected. This means that if this risk materializes, the issuer may unexpectedly receive less income from the operation of the property, incur more maintenance costs, or be able to do less maintenance on the property. In that case, the market value of the property may fall, rental income may fall, and you may not receive any interest (for a period of time) or your deposit may not be (partially) repaid at the end of the bond's term.

Risk of corporate liability
There is a risk of corporate liability because the issuer may be held liable by third parties who claim to have suffered damage due to the operation of the property. Business liability insurance has been taken out on behalf of the issuer to cover any liability. This means that, if this risk materializes and the damage is not covered or is covered to a limited extent by insurance, the issuer itself must bear the cost of the damage, as a result of which it may not be able to meet its interest, redemption, or other obligations under the bond. At the time of publication of this information document, the issuer is not aware of any governmental action, litigation, or arbitration (including any such proceedings that, to the knowledge of the issuer, are pending or may be commenced), which may have or have had in the recent past a significant impact on the financial position of the issuer.

Risk of bankruptcy for the issuer
There is a risk of bankruptcy for the issuer if it can no longer meet its obligations. This means that when this risk occurs, a receiver will be appointed to distribute the estate among the creditors of the issuer. In doing so, priority will be given to legally preferred creditors, such as the tax authorities. In addition, priority will be given to external lenders for whose benefit a security right has been granted (see also the Bond Conditions). In that case, bondholders may be faced with decisions of the trustee that are not in their interest or a situation in which their claim against the issuer cannot be satisfied from the estate, as a result of which they may lose their deposit and the right to interest (partially).

Risk of loss of contract parties
There is a risk of the issuer losing contracting parties with whom it has contracted to purchase services because these parties are no longer able or willing to fulfill the obligations in the contracts signed with them. The dropped contracting parties will then have to be replaced by the issuer with other parties or services. There is no guarantee that the replacement parties or services can be contracted on the same terms. This means that, when this risk occurs, it will result in unexpectedly higher costs for the issuer, as a result of which you will receive no or lower interest (for a certain period of time).

Concentration Risk.
The issuer depends entirely on rental income and the eventual sale of the property for its income. This means that there is a risk that the issuer's income will be lower than expected because it has no other source of income, as a result of which you will not receive (during a certain period) any or a lower interest or, at the end of the bonds' term, your deposit may not be repaid in full.

Risks associated with the bond loan
risk of limited marketability Bonds There is a risk of limited marketability of the bonds because they are not traded on a regulated market, multilateral trading facility, or similar trading platform. This means that transfer of the bonds will only be possible to a limited extent, so you must assume an investment for the duration of the entire term of the bonds. You run the risk of not doing so.
get your money back at your desired time and have to hold your investment longer or sell your bond at a lower price.

Risk of no current valuation of the bonds
There is a risk that no current valuation of the bonds is available at the time of a proposed transfer of a bond because, during the term of the bonds, the value of the bonds cannot be objectively determined since no public price for the bonds is formed and no other regular objective interim valuation of the bonds takes place. This means that the bonds may therefore not be transferable at the desired or fair value, and a bondholder wishing to transfer its bonds may not find a bondholder willing to take over the relevant bond(s) at the desired and/or fair value thereof.

Risk of fluctuation in the value of the bonds
There is a risk of fluctuation in the value of the bonds because there is a chance that when the bonds are transferred before the redemption date, the fair value of the bonds will be lower than the principal amount due to a higher market interest rate. This means that, at the time a bondholder wishes to sell its bond, the bondholder may not be able to find a party willing to take over the relevant bond(s) at the desired and/or fair value thereof.

Risk of variable interest
There is a risk with respect to the variable interest, as a variable interest rate between 1.5% and 6% can result in the bondholder receiving an interest payment during the maturity on each interest date that is not higher than 1.5% (for example, due to unexpected or higher maintenance costs in connection with the property). Also, the final payment of interest can be lower than expected if no or a low surplus remains after the sale of the property. This means that the bonds may not produce the return that the bondholder expected.

Limited securities
There is a limited risk that in the event of default by the issuer, the bondholders may well be able to recover their claim from the issuer because the owner has authorized My Prop to periodically pay interest to the bondholders. Therefore, in the event of default by the issuer, the bondholders have a preferential claim to the proceeds of the assets of the issuer (including assets acquired with the funds obtained through the bonds).

Risk of the non-recourse provision.
The Bond Conditions contain a non-recourse provision pursuant to which, unless liability cannot be excluded by operation of law, the bondholders may only recover from the assets of the issuer and cannot recover from the private assets of the shareholders or directors of the issuer. This means that the right of recourse for bondholders is limited.

Risk of decision-making by the Meeting of Bondholders
The situation may arise that a decision is submitted to the Meeting of Bondholders in accordance with the Bond Conditions, which may decide on it by a qualified majority. There is a risk that decisions made by the Meeting of Bondholders will result in a change in the Bond Conditions that is not or does not have to be in the best interests of an individual bondholder.

Other risks
Risk of errors in or disputes arising from agreements The issuer as well as My Prop will enter into various contracts and agreements (including, for example, rental agreements with tenants). Despite the care taken in entering into these agreements, disagreements may arise between contracting parties due to (i) differences in interpretation or (ii) parties' unforeseen inability or unwillingness to fulfill their obligations. Deviations in the agreements made due to such unforeseen circumstances may have a negative impact on the expected income of the issuer, as a result of which the issuer may not be able to meet its interest, redemption, or other obligations under the bond.

Risk of changing laws and regulations.
There is a risk that the legal, fiscal, and/or financial consequences arising from (new) jurisprudence, amendments to laws and/or regulations, or political decision-making in a general sense may harm the interests of the issuer and/or the bondholders, as a result of which the issuer may not be able to meet its interest, redemption, or other obligations under the bond.

Risk of underinsurance and calamities
There is a risk of unexpectedly higher costs for the issuer if there is an event that, due to its nature (for example, a terrorist attack, a natural disaster, a pandemic, or a war situation), is not covered by insurers. There is also the risk of losses that, although covered by insurance, exceed the maximum coverage. This means that due to these unexpectedly higher costs, the issuer may not be able to meet its interest, redemption, or other obligations under the bond.

Concurrence risk.
There is a risk of unexpected or higher costs because, due to an unexpected confluence of circumstances, unforeseen risks occur (in whole or in part) or the consequences of risks are different and/or greater than expected. This means that a confluence of circumstances may result in the issuer being unexpectedly unable to meet its interest, redemption, or other obligations under the bond.

Business risks
In addition to the aforementioned risks, there is a risk of the following more general risk factors: These risks can also result in the issuer unexpectedly not being able to meet its interest, redemption, or other obligations under the bond loan.

a change in macroeconomic conditions;
competitive risk in the market in which the issuer operates;
fiscal risk for the bondholders due to legislative change, new regulations, or political decision-making (a private holder of a bond residing in the Netherlands is taxed with respect to the bond according to the rules of Box 3 of the Dutch income tax. An adjustment of these rules may result in the net return for the bondholder being affected.