Zabel-Krüger-Damm 127, Berlin91,000 EUR Investment Opportunity

73 sqm - 1 Tenanted Apartment

Property Description:

This is a residential offer of 1 apartment situated on the first floor within a period apartment containing 23 dwellings. The apartment block is situated in the district of Reinickendorf, a very popular area to the North West of Berlin city centre. The area is characterised by its greenery and open spaces, but still with convenient transport links to the city. The apartment has been let to the current tenants since June 2007.

Property Potential:

The property lies in an area which is very well-supported for residential dwelling and has a stable current tenancy list. Tenants in this area of the district have higher than average purchasing power, making the average amount they spend on rent some of lowest in Berlin. With the property fully renovated to a good standard, the potential lies in an increase in the rental level over the medium term to move rents nearer to the current market level throughout the district.

A programme of rental reviews should be considered as part of the management plan and any new tenancies made should be considered at this higher level.

Investor Profile:

With the good tenant structure in place and in an area of strong tenant demand, this property will appeal to an investor who seeks a lower-risk and stable investment with an impressive yield. The low overall purchase price will mean a low deposit is required which will suit some investors. In terms of finance, the property offers little risk and should present well to banks. Finance around 60-70% should be expected, depending on client status and bank chosen.

Investment Overview:

The high value living of the Reinickendorf housing area is demonstrated by the surrounding landscape. Here you can breathe nature, whether it be in Lübars Park areas with its lawns for sunbathing and long foot and bike trails, or in the old heart of village, where you can find riding stables, city farms and numerous local craft shops. Also Tegeler Fliess, which hosts some of the nicest and varied landscapes of Berlin, is located in the close surrounding area.

Cash Flow:

Assuming finance is taken to a level of 70%, a monthly cash flow after finance payments and all management costs of 225 EUR should be expected. With potential to increase with time.

Financial Information:

Sales Price [Fixed] 91,000.00 Euro Current Rental (annual) 7,939.08 Euro Current Yield (%)1 8.72%Potential Yield (%) 9.75%+Year of Construction 1925Total Living Area m2 73.22 sqmPrice m2 1,242.82 Euro Cash Flow Predicted Per Month2 225.32 Euro

1 Yield is the net total of all costs in the table2 Based on 70% LTV, 4.65% fix rate loan over 20 years including management costs of 20.76 Eur per apartment plus

Additional Photos:

About ProVenture Property:

ProVenture are a UK based property investment consultancy who aim to provide an unbeatable level of support to the investor at every stage of the investment process. This includes:− General consultancy prior to purchase.− Accompanied inspection trips (if required).− Assistance with UK and German financing.− Assistance with all legal aspects.− Ongoing full management service of purchased property.− Assistance with all UK and German Tax matters.− Assistance with property maintenance,development and eventual sale.

Contact Details:

ProVenture PropertyE-mail: james@proventureproperty.comTelephone: +44 (0)115 7141 511Mobile: +44 (0)7944 324 155WWW.PROVENTUREPROPERTY.COM

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