October German Property Update

A solid brick-built, quaint building in the heart of the district of Lehe, close to the city centre. The three-story apartment building contains 5 apartments and 4 garages, with converted basement and attic. The house and grounds are maintained regularly and kept in a very neat condition. The building is heated with gas central heating.

A lovely period property, situated on a quiet side street in the district of Mitte. The three-story apartment building contains 4 apartments, with converted basement and attic. The house and grounds are maintained regularly and kept in a very neat condition. The building is heated with gas central heating.

The property was built about 1905 with a full basement and five full stories and is currently being completely renovated and modernized; from new bathrooms and plumbing, to heating and electricity. The completion of the work will be the end of 2011. Although the building is still in the refurbishment phase, all 10 apartments already been leased for immediate move in upon completion.

This is a package of properties located in a mixture of areas – Gohlis, Böhlitz Ehrenberg and Alt Lindenau, presenting a mixture of microlocations, but all conveniently located close to public transport and a range of shops and a range of amenities. The majority of the apartments are sized between 40 – 65 sqm, a good size to help ensure quick letting in the case of vacancy, although all units across the portfolio are currently let, albeit at levels which present fantastic opportunities for rental income development.
The exterior of the buildings are in good condition, but the interiors could benefit from some redecoration, perhaps as part of an implemented rent review programme. All three properties are entirely constituted of residential units. At an extremely competitive price of 400 EUR psm, this is an attractive package to investors seeking the highest of yields in the city.

The property is presented in a full tenanted condition with long-standing tenants, and offers are invited from the bank holding the property under management.

39 Refurbished Units in Chemnitz – 15%+ yield possible. A total of 36 residential units and 3 commercial units are in the two objects, both properties being
refurbished. The commercial space totals 334.55 m² and the apartment sizes range from 30m ²
and 65m ² (2-3 rooms).

This property is located on an appealing side-street with excellent access to shops and transport, and is only a few minutes away from Clara-Zetkin Park, a factor which guarantees strong tenant demand in this area.

This large multifamily house is located at the crossroads of Kleinzschocher, Plagwitz and Schleussig. An area of increasing popularity, it is benefitting from the general rapidly rising affluence amongst the south-west of the city.

Fully let, and with potential in rent levels, this is an attractive investment opportunity in one of the most flourishing areas of the city.

Fully let, with 10 residential units, this presents a strong yield in an area of increasing tenant demand.