Ref: PV217

Fritz-Reuter-Strasse 2570.000 Euro Investment Opportunity

818 Sqm – 9,64% Yield

Property Description:

This is a fully residential offer in the popular district of Halle in the Paulusviertel area, the top location in the city. The property consists of a front building and a pleasant rear building with courtyard. There are 11 units in the front building and 8 in the back.

The building is on a quiet side street yet is just 300m from the city centre. There are a number of tram stops within 100m of the building, making it very accessible.

The property is in very good condition with well-fitted apartments with quality laminate flooring etc. Heating is provided by a single gas heating system and is economical. The units themselves range in size from 25 to 86 sqm, with most units sub 50 sqm in size. This should auger well for sourcing new tenants as the sizes are very popular to a range of tenant sectors. The building is fully rented at between 4,65 Eur and 7,35 Eur psm.

PV 217 – Fritz-Reuter-Strasse 2

Property Potential:

With the building in a fully-tenanted condition and in a very good state of repair, there is little for an investor to do apart from ensure effective management is in place for the term of ownership. ProVenture can assist with this process. A number of the current rents are considered to be below the average for the area (5.5 to 7.5 Eur per sqm, depending on unit size) and a rental review process in the early years of ownership should deliver a yield in excess of 10.5%.

Investor Profile:

This property should suit an investor looking to make a secure purchase with a decent cashflow from day 1, without any maintenance works to be carried out 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 of1.661 EUR should be expected. With the cashflow moving to 2.070 EUR as the property realises its potential.

Financial Information:

Price 570.000,00 Euro Current Rental (annual) 54.960,00 Euro Current Yield (%) 9,64%Potential Yield (%) 10.5% Agent Fees 4% of purchase price + vatYear of Construction 1900Total Living Area m2 818 sqmPrice m2 696,82 EuroCash Flow Current /Potential Per Month 1.661/ 2.070 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 207

Additional Pictures:

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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