Package in Leipzig – West / South West 995,000 Euro Investment Opportunity 2002 sqm – Potential 10.7% Yield Price Per sqm less than 500 Eur
Ender Strasse 6
Kolbe Strasse 8
Dieskau Strasse 54
Engert Strasse 6 – Extensively renovated in the mid 90s, this is a 10 residential unit block in an enviable position in the west of the city over-looking the Karl Heine Kanal. The apartments enjoy balconies to rear which offer splendid views of the tranquil area. The building is in good condition and only painting to the façade and replacement of 1 unit with old windows should be expected in the medium term. Kolbe Strasse 8 – This 10 unit residential block enjoys one of the most attractive locations in the city. Situated next to the Clara Zetkin park and Weisse Elster river, the area commands high tenant demand. The block itself was fully refurbished in 2008 and is of excellent quality. Dieskau Strasse 54 – This is a fully-tenanted offering in the south-west of the city, comprising 12 residential units and 3 commercial units. The property brings a high yield at the moment and has potential to increase. Renovated in 1995, the façade would benefit from painting but otherwise the building presents in a good order.
PV 209 â€“ Package â€“ Leipzig West / South West Investment Overview: This package comprises of 3 blocks in a good to excellent state of repair in some of the best areas of the city. Many of the units have balconies are the package is presented at a good level of current tenancy. At a price of under 500 Euro per sqm, the investment potential with this package is of great interest. Property Potential: In recent years, the tenancies have not been actively managed and the property will benefit from an effective management structure being imposed. Taking each property in turn, Engestrstr 6 currently has 2 units vacant and they should be presented to the market at around 4.8 to 5.2 Euro per sqm. This should be achieved very quickly. On from this, the current tenancies are priced at around 20-30% below the market rate. A programme of rental review should be carried out in the first 12 months of ownership. The property at Kolbestr has one unit vacant and this should be marketed at a level of 5 to 5.5 Eur. Some of the current rents are around 10% below the market value and would benefit from a review. Finally, the property at Dieskaustr is fully tenanted and a progressive rental review should yield an increase of around 20% in average rentals. Investor Profile: With a strong tenant structure in place and in an area of increasing tenant demand, this property package will appeal to an investor who seeks to make a substantial investment in good locations. In terms of finance, the property offers little risk and should present well to banks. Finance of a level between 70-80% should be expected, depending on client status and bank chosen.
Financial Information: Guide Price [subject to negotiation] Current Rental (annual) Current Yield (%) Potential Yield (%) Agent Fees Year of Construction Total Living Area m2 Price m2 Cash Flow Current/Predicted Per Month
995,000 Euro 85.8530 Euro 8.60% 10.70% 5% + vat Circa 1900 - 1920 2002 sqm 496 Euro 2023.64 / 3770.19 Euro
Additional Pictures: Kolbestr
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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