Reference nr:
AC301707
Description:
These units are being offered with pre-arranged 70% finance, backed by a 5 year property management term, delivering projected self-financing pooled rental income of 6.3%.
Trinity Capital is offering investors the opportunity to acquire residential apartment units in Berlin, with bank finance of 70% of cost available.
• Prices: Prices starting from c. €71,000 Low entry equity of c. €30,000
• Rental: All units under rental management Projected 6.3% pooled rental income
• Location: This modern development is situated in the suburbs of South West Berlin. It is easily accessible by rail, by autobahns A13 & A10 and by the Berlin Ring Road. It is also convenient to the areas principal airport, Schonefeld International, which is located about 6 miles to the South East of Großziethen.
• The development: The first phase of the Großziethen development comprises 60 high specification 1 bedroom apartments, in blocks of no more than 3 floors, all with gardens or balconies. All units are being offered with car park space.
• Investment Rationale: Germany is the largest state in the EU with a population of over 82M Berlin is the largest city in Germany with a population of 3.4M Berlin property, in particular, is undervalued when compared with other European markets The German economy is now showing very strong signs of recovery following re-unification Berlin is one of the few major European citiies where buildings can still, in some cases, be acquired at yields of 6.3%
• The German Market: German housing prices are only marginally above 1990 levels disregarding inflation. Contrast this with most of the major housing markets globally : price increases since 1997 of 187% in Ireland, 139% in the UK, 65% in the US, 76% in The Netherlands and 149% in Spain (Source : The Economist).
• Prime, West Berlin residential property is, in many cases, significantly cheaper than comparable property in Eastern Europe; surely an anomalous position. Funds associated with major international players GE, Goldman Sachs, Morgan Stanley, George Soros and others have perceived the same mis-pricing in recent months, investing in German housing on a very significant scale.
• Trinity Capital regards prime Berlin residential as a good opportunity for real estate investment due to its relatively low base-cost, stability of rental income (high affordability combined with German home-leasing culture) and with income yields running well ahead of prevailing interest rates.
• The benefits extended to investors through the structure created are as follows:
Trinity Capital has negotiated very competitive volume prices, considerably better than an individual buyer would achieve. Property management of high occupancy tenanted blocks, with pooled rental income. 70% non-recourse purchase finance pre-arranged. Debt servicing over the 5 year term financed through projected rental income stream.
Please contact us for more information on this fantastic opportunity.
Bedrooms: |
Bathrooms: |
Price (€): |
1 |
1 |
70,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Features:
City
Submission Date:
09-26-2007
Last Update: 10-01-2007
|
Advertiser Details:
Name:
Adrian Costello
Company:
Trinity Capital Management
Phone:
+353 1 6767600
Fax:
+353 1 676 7626
Mobile:
|