Klarastr 27 390.000 Euro Investment Opportunity 585 Sqm â€“ 8.6% Yield
Property Description: This is a purely resdiential offer comprising an apartment block of 5 levels lying in the popular southwest regions of Kleinzschocher and Schleussig. Located on near a primary southern road, the property enjoys good access to the AutoBahn and destinations southwards. The property is well-served for public transportation with 4 tram lines and a bus route serving all regions of the city, all within around 200m of the property. In the locality are various parklands and recreational facilities, including the Elster river (300m) and the popular Clara Zetkin Park which lies some 500m distant. The property is of the classic style of the city and was originally built circa 1910. The property has been well-maintained by the current owner and no works should be expected in the medium term of ownership.
PV 201 â€“ Klarastr 27 Property Description (continued): Of attraction to current and potential tenants are the balconies to the rear of the property which serve each property, overlooking the rear garden. The overall condition of the building is very good and internally the apartments have been upgraded and have laminate flooring and well equipped bathrooms. The individual apartments offer a range of sizes from 61 sqm to 114 sqm (attic apartment with roof terrace) per apartment. Property Potential: With the property in such a good refurbished condition and fully tenanted, the work for the investor will be minimal in the medium term. Investor Profile: With a full-tenant structure in place and with the property in good condition, this property should appeal to an investor seeking to make a secure purchase in a good location with little 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 893,41 EUR should be expected. Financial Information: Price Current Rental (annual) Current Yield (%) Potential Yield (%) Agent Fees Year of Construction Total Living Area m2 Price m2 Cash Flow Per Month
390.000 Euro 33.538 Euro 8,6% 8,6% 5% of purchase price + vat Circa 1910 585 sqm 667 Euro 893,41 Euro
1 Based on a 10yr fixed rate of 4.65%, repayment over 20yrs with mgt fee of 16Euro per apartment +VAT
Apartment Size (Sqm) 1 2 3 4 5 6 7 8 Total
87.51 Rented 65.00 Rented 65.00 Rented 63.00 Rented 61.43 Rented 66.33 Rented 62.50 Rented 114.45 Rented 470.8
Floor EG 1. li 1. re 2. li 2. re. 3. li 3. re DG Average Annual
Net Rent Total Rent in € in € 4.50 393.79 393.79 5.00 325.00 325.00 5.00 325.00 325.00 4.44 280.00 280.00 5.00 307.15 307.15 4.90 325.00 325.00 5.00 312.50 312.50 4.60 526.47 526.47 6.77 2794.91 2794.91 33538.92 33538.92
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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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