Ref: PV200

Mariannenstr 55145.000 Euro Investment Opportunity

282,10 Sqm – Potential 10,5% Yield

Property Description:

This is a purely residential offer comprising one small apartment blocks lying around 1.5km to the east of Leipzig City Centre and its main train station.

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 one apartment on each level and is being offered in a fully rented condition.

PV 200 – Mariannenstr 55

Investment Overview:

The overall condition of the building is very good and renovation works have been completed to a good standard. Internally the apartments have been upgraded and have laminate flooring, fitted kitchens and a very good level of refurbishment. The individual apartments offer an average of 56 sqm per apartment.

At an asking price of 514 Eur per sqm, this well-refurbished building near to the city centre 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 to 4.2 Eur psm.

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 with a relatively small capital outlay.

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 354,99 EUR should be expected. Moving towards 522,91 EUR as its potential is realised.

Financial Information:

Price 145.000 Euro Current Rental (annual) 13.206,00 Euro Current Yield (%) 9,11%Potential Yield (%) 10,5% Agent Fees (5%) + vat 7.250 Euro Year of Construction Circa 1905Total Living Area m2 282,10 sqmPrice m2 514 Euro Cash Flow Current/Predicted Per Month 354,99 / 522,91 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 48.10 Rented EG 3.85 € 185.20 € 92.45 € 277.65 €2 60.00 Rented 1. OG 3.85 € 231.00 € 139.00 € 370.00 €3 62.00 Rented 2. OG 3.90 € 241.80 € 155.00 € 396.80 €4 62.00 Rented 3. OG 4.03 € 250.00 € 150.00 € 400.00 €5 50.00 Rented DG 3.85 € 192.50 € 195.00 € 387.50 €

Total 282.1 Average 3.90 1100.50 731.45 1831.95Annual 13206 8777.40 21983.40

Additional Pictures:

Rear Area

Basement

Hall

Stairwell

Click here to see in 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