Ref: PV211

Naumburgerstr 32, Leipzig-West100.000 Euro Investment Opportunity

154 Sqm – 3 tenanted apartments

Property Description:

This is a residential offer of 3 apartments situated within a period building of 11 units. The apartment block is situated in the district of Plagwitz, a very popular area around 3 kms West of the city centre. The area is characterised by some fine buildings and the Karl Heine Kanal which is in close proximity. This area is increasing quickly in terms of tenant demand. All 3 apartments are currently let.

Unit 2 is on the ground floor and is 48 sqm, Unit 6 is 72 sqm and is on the 2nd floor and Unit 10 is located at the attic level and is a studio of 34 sqm.

The building is in good decorative order and was fully renovated in 1995. The property represents the period of the building in 1915 very well and has monumental protection.

PV 211 – Naumburgerstr 32

Property Potential:

The property lies in an area which is very well-supported for both residential and has a stable current tenancy list. 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.

Current new tenancy agreements in this type of property would lie in the region of 4.5 to 6 Eur psm, depending on size of unit. The current rentals are around 10-20% below current rental levels. 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 a 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. 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 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 167 EUR should be expected. With potential to move to 250 EUR.

Financial Information:

Price 100.366 Euro Current Rental (annual) 8.094,24 Euro Current Yield (%) 8,1%Potential Yield (%) 9,2% Agent Fees (5%) + vat 5% + vatYear of Construction 1915Total Living Area m2 154.41 sqmPrice m2 650 Euro Cash Flow Current/Predicted Per Month 167 / 250 Euro

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

Rent List:

PV211

Unit Position SizeSqm

RentalStatus

PricePer sqm

Net RentToday pm

2 Ground Floor Right 48 Rented 4.49 215.52

6 2nd Floor Right 72.5 Rented 4.00 289

10 Attic Floor Middle 72.8 Rented 4.98 170

Total 154.41 674.52

Additional Pictures:

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