Ref: PV197

Friedrich-Bosse-Str 62-64560.000 Euro Investment Opportunity

897 Sqm – Potential 9% Yield

Property Description:

This is a residential offer comprising two adjacent apartment blocks located in the region of Wahren, lying around 5km 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 has been constantly improved and renovated 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, overlooking the pleasant courtyard.

There are 4 levels to each property, each with differing configurations. There are 15 residential apartments in total across the 2 properties. Internally the apartments have been upgraded and have laminate flooring and a very good level of refurbishment, some with fitted kitchens. To the rear of the plot is a single-storey building of around 85 sqm which is presentable for letting for a number of commercial purposes and will provide additional income.

PV 197 – Friedrich-Bosse-Str 62-64

Investment Overview:The property has just 2 apartments available for rental and offered for sale at 624 Eur per sqm, representing good value for a property in this superb condition.

Property Potential:

The initial work of any purchaser will be to agree new tenancies on the 2 available apartments and then seek a new tenant for the rear building. Once this work is complete, the property should return a net yield in excess of 9%.

Investor Profile:

With a good tenant structure in place and in an area of steady tenant demand, this property will appeal to an investor who seek a good yield on purchase with some potential to increase by filling the remaining units. With the property in such good condition, it will not appeal to an investor would intends to make any building improvement works.

In terms of finance, the property should present well to banks. Finance of a level between 65-75% 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 707,20 EUR should be expected. With potential to move to 1.402,47 EUR.

Financial Information:

Price 560.000 Euro Current Rental (annual) 42.052,00 Euro Current Yield (%) 7,51%Potential Yield (%) 9% Agent Fees (5%) + vat 28.000 Euro Year of Construction Circa 1905Total Living Area m2 897,28 sqmPrice m2 624,11 Euro Cash Flow Current/Predicted Per Month 707,20 / 1.402,47 Euro

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

Rent List:

adress number unit squar meters service charge total rentF-Bosse 62 1 ground f loor lef t 55.18 250.00 60.00 310.00 4.53F-Bosse 62 2 ground f loor right 57.38 270.00 40.00 310.00 4.71F-Bosse 62 3 1. OG lef t 57.90 270.00 0.00 270.00 4.66F-Bosse 62 4 1. OG right 59.40 258.39 65.34 323.73 4.35F-Bosse 62 5 2. OG lef t 58.38 268.00 61.50 329.50 4.59F-Bosse 62 6 2. OG right 60.18 260.00 55.00 315.00 4.32F-Bosse 62 7 attic lef t 41.26 201.00 41.00 242.00 4.87F-Bosse 62 8 attic right 65.28 292.50 0.00 292.50 4.48F-Bosse 64 9 ground f loor lef t 54.89 240.00 55.00 295.00 4.37F-Bosse 64 10 ground f loor right 57.15 278.00 40.00 318.00 4.86F-Bosse 64 11 1. OG links 56.67 275.98 69.34 345.32 4.87F-Bosse 64 12 1. OG rechts 58.93 231.00 70.00 301.00 3.92F-Bosse 64 13 2. OG links 57.67 277.00 56.00 333.00 4.80F-Bosse 64 14 2. OG rechts 61.78 270.00 65.00 335.00 4.37F-Bosse 64 15 attic 95.23 425.00 100.00 525.00 4.46

summ ery p.a. 897.28 48,802.44 9,338.16 58,140.60

income (current)

net rent per square meter

Additional Pictures:

Internal

Balconies

Internal

Bathroom

Click here 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