Ref: PV199

Wiebelstr 1460.000 Euro Investment Opportunity

972 Sqm – Potential 11,5% Yield

Property Description:

This is a purely residential offer comprising one apartment blocks lying around 2km to the east of Leipzig City Centre.

Whilst being a walkable distance to the centre, the property also enjoys good access to public transportation with a tram line and bus routes serving around 200m of the property.

The property is set over 5 levels with 19 apartments and is being offered in a fully rented condition

PV 199 – Wiebelstr 1

Investment Overview:

The overall condition of the building is very good and renovation works have been completed to a high standard. 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 50 sqm per apartment.

At an asking price of 473 Eur per sqm, this well-refurbished building offers very good value for money.

Property Potential:

With the property in a good refurbished condition and fully 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 with the aim of increasing the current rents which fall below the market rate of around 4.2 to 4.4 Eur psm.

Investor Profile:

With a good tenant structure in place and with the property in 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 1611,7 EUR should be expected. Moving towards 1983,53 EUR as its potential is realised.

Financial Information:

Price 460.000 Euro Current Rental (annual) 48.438,24 Euro Current Yield (%) 10,53%Potential Yield (%) 11.5% Agent Fees (5%) + vat 23.000 Euro Year of Construction Circa 1910Total Living Area m2 972,44 sqmPrice m2 473,94 Euro Cash Flow Current/Predicted Per Month 1611,7 / 1983,53 Euro

1 Based on a 10yr fixed rate of 4.65%, repayment over 20yrs with mgt fee of 16Euro per apartment +VAT

Rent List:

Apartment Size (Sqm) Rental Status Floor €/m² Net Rent Ancillary Costs Total Rentin € in € in €

1 37.42 m² Rented EG li 5.00 € 187.10 € 74.84 € 261.94 € 2 37.40 m² Rented EG mi li 4.12 € 154.00 € 94.25 € 248.25 € 3 59.09 m² Rented EG mi re 4.06 € 240.00 € 120.00 € 360.00 € 4 51.71 m² Rented EG re 4.06 € 210.00 € 105.00 € 315.00 € 5 67.23 m² Rented 1.OG li 5.11 € 343.74 € 169.42 € 513.16 € 6 37.42 m² Rented 1.OG mi li 5.00 € 187.10 € 89.80 € 276.90 € 7 97.91 m² Rented 1.OG mi+re 2.67 € 261.49 € 246.74 € 508.23 € 8 57.23 m² Rented 2.OG li 4.63 € 265.00 € 144.22 € 409.22 € 9 37.42 m² Rented 2.OG mi li 4.06 € 152.00 € 76.00 € 228.00 € 10 46.75 m² Rented 2.OG mi re 4.06 € 190.00 € 90.00 € 280.00 € 11 51.16 m² Rented 2.OG re 3.50 € 179.06 € 128.93 € 307.99 € 12 57.23 m² Rented 3.OG li 4.02 € 230.00 € 144.22 € 374.22 € 13 44.00 m² Rented 3.OG mi li 4.30 € 189.00 € 88.00 € 277.00 € 14 46.75 m² Rented 3.OG mi re 4.30 € 200.83 € 117.81 € 318.64 € 15 51.16 m² Rented 3.OG re 3.83 € 196.12 € 103.88 € 300.00 € 16 57.23 m² Rented DG li 4.60 € 263.26 € 144.22 € 407.48 € 17 37.42 m² Rented DG mi li 4.68 € 175.00 € 85.00 € 260.00 € 18 46.75 m² Rented DG mi re 4.07 € 190.27 € 93.50 € 283.77 € 19 51.16 m² Rented DG re 4.35 € 222.55 € 128.93 € 351.48 €

Total 972.4 Average 4.23 4036.52 2244.76 6281.28Annual 48438.24 26937.12 75375.36

Additional Pictures:

Hallway

Attic Kitchen

Bathroom

Internal

Click to see on Google Maps

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 – our reputation is the key of our business.

Please get in touch if you require any further information