Ref: PV216

Geisstrasse 27 and 281.400.000 Euro Investment Opportunity

1.903,84 Sqm – 9,44% Yield

Property Description:

This is a remarkable offer for 2 beautiful buildings in the centre of Halle, with plenty of access to public transportation and amenities. Number 27 was built in 2000 and is of excellent quality and condition – consisting 5 residential units over 4 floors. Number 28 is a lovely building (with a tranquil back building) – containing 15 residential and 2 commercial units. The attic apartments are maisonettes. Of benefit in this central location are the 20 car parking spaces which depend to the property.

The buildings are renovated to the highest standards (in 2000) and benefit from balconies to the rear and parquet flooring. This is one of the highest quality buildings we have had the pleasure to bring to the market.

The package is in an ideal location and very popular with tenants. This is manifested as all units are currently leased at an average of 5,8 Euro psm. A waiting list for prospective tenants is in place, should any residents vacate, such is the demand for such a property.

PV 216 – Geisstrasse 27 and 28

Property Potential:

Securing a building of this quality, with a strong tenant list in place, will leave the investor little to do in the medium term. In this location, owner-occupation is an increasing feature and an exit strategy of selling single units to owner-occupiers could be supported with considerable gains in capital value on initial purchase price.

Investor Profile:

This investment is a “buy and hold” and should suit such an investor who seeks a very secure cashflow with potential for steady capital growth during the period of ownership.

In terms of finance, the property should present very well to banks. Finance of a level of 75-80% 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 3.873 EUR should be expected.

Financial Information:

Price 1.400.000,00 Euro Current Rental (annual) 132.128,64 Euro Current Yield (%) 9,44%Potential Yield (%) 9,44% Agent Fees 3% of purchase price + vatYear of Construction 2000 (27) and 1900 (28)Total Living Area m2 1.903,84 sqmPrice m2 735,36 EuroCash Flow Current 3.873 Euro

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

Rent List

PV 216

Additional Pictures:

Number 27

Number 28 - Front Building

Number 28 – Back Building

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