Stahmelnerstr 123 325.000 Euro Investment Opportunity 672 Sqm â€“ 10,65% Yield
Property Description: This is a purely residential offer comprising one detached apartment blocks located in the region of Wahren, lying around 6km to the north-west of Leipzig City Centre. Located around 300m from the B6 road (Georg-Schumann Str), the property enjoys good access to the AutoBahn and destinations northwards. The property is adequately served for public transportation with a tram line and bus routes serving around 300m of the property. In the locality is the Weisse Elster river and parkland and forest (100m) that characterises this area. The property is nearing the completion of a complete renovation programme by the owner and is extremely well presented for sale. No significant works should be expected in the medium to longer term of ownership. Of attraction to current and potential tenants are the balconies to the rear of the property. There are 4 levels to the property, each with differing configurations. There are 13 residential apartments in total across the property. Internally the apartments have been upgraded and have laminate flooring and a very good level of refurbishment. The individual apartments are all unique in their layout and offer an average of 70sqm per apartment.
PV 198 â€“ Stahmelnerstr 123 Investment Overview: The property will be presented for sale fully-tenanted and currently has 4 units which will be leased prior to purchase. At an asking price of 483 Eur per sqm, this well-refurbished building offers good value for money. Property Potential: With the property recently-refurbished and tenanted, the work for the investor will be minimal in the medium term. A programme of rental reviews should be conducted at the appropriate point and steady management and maintenance procedures put in place. Investor Profile: With a good tenant structure in place and with the property in such good condition, this property should appeal to an investor seeking to make a secure purchase with minimal risk or ongoing work in the medium term. In terms of finance, the property should present very well to banks. Finance of a level between 70-80% should be expected, depending on client status and bank chosen. Cash Flow:1
Assuming finance is taken to a level of 70%, a monthly cashflow after finance payments and all management costs of 1178,14 EUR should be expected. Financial Information: Price Current Rental (annual) Current Yield (%) Potential Yield (%) Agent Fees (2.5%) + vat Year of Construction Total Living Area m2 Price m2 Cash Flow Current/Predicted Per Month
325.000 Euro 34.599,48 Euro 10,65% 10,65% 8125 Euro Circa 1935 671,59 sqm 483,93 Euro 1178,14 / 1178,14 Euro
1 Based on a 10yr fixed rate of 4.65%, repayment over 20yrs with mgt fee of 16Euro per apartment +VAT
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About Proventure We are a company working with a range of the very best German agents. We have offices in Grantham in the UK and in Germany. As professional property investors ourselves, our strategy for investing is simple and is based on solid fundamentals delivering cashflow positive property. With over 15 years' experience of investing in the European market: We began to focus on Germany 5 years ago; Berlin being the first city that we invested in. Once established there, we began to look further afield and discovered more hotspots in Germany that met our exacting criteria. So why are we doing this? We now have invested in a significant portfolio of German property and have been through the long (and occasionally painful!) process of due diligence to ensure that we have the right locations, the right properties for the right price, the right people to trust and the right finance available. Through our contacts we now have access to many properties not yet on the the open market. We want to meet, and work, with people like you (well you have read this far - so you might be interested in property investment!) and assist you to make some solid investments in the German market. We promise to deliver unbeatable property in an unbeatable way. To ensure we do this, we offer our guarantee below: Our 10-point Guarantee To You: 1. We will offer you the very best deals currently in the market place. 2. We will attend to every aspect concerning research and subsequent purchase, according to your needs. 3. We will assist you in finding the most competitive finance deals available, subject to status. 4. We will communicate with you regularly as progress towards purchase is made, every step of the way. 5. We will deal with your case in a confidential manner, as you would expect. 6. We will produce property management plans to maximise your return. 7. Our fees made to you will be fully open and very competitive, up to half of the charges made by our competition. 8. We will be with you after purchase, to attend to any matters as long as you require. 9. We will offer full management of your investment at very competitive rates, as you require. 10.We ask each customer for feedback and share this feedback â€“ our reputation is the key of our business.
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