Investment Property - Golden Brook 2

Original Investment Summary - 21/02/2008 Investment Property Golden Brook 2

Below market valuation of approximately 15% according to an independent valuation
Low entry price of CZK1,658,623 (£48,216) including parking and storage
500 metres away from Eastern Europe’s largest medical university campus which will cater for 5,000 students and 800 staff
Great rental potential of 6.2% gross and good predicted capital growth of 30% per annum
Great payment terms of 10/90, plus as little as CZK165,862 (£4,821) down
90% LTV available for foreign investors

Property Secrets is again offering units in the Golden Brook development. We offered units in this development last June at a very low entry price for Brno, one of the fastest growing cities in the Czech Republic.

This deal still offers great potential for growth. Prices are low in comparison to the current market, with an independent valuation valuing our units at 15% below market value. In addition we have secured a discount from the developer of 3.5%.

We have also secured some of the best payment terms currently available in the Czech Republic. 10/90 payment terms mean exchange deposits start at just CZK165,862 (£4,821). This is a key appeal for investors, as there is a very low amount of cash down and a very good finance market in the Czech Republic.

The development is located in the Starý Liskovec district of Brno which is also home to Brno University Hospital and just 10 minutes from the city centre. The hospital is currently undergoing expansion and is set to become the largest medical campus in the country.

Brno and the surrounding region is performing better than the country’s average; the Czech economy remaining among the most robust of Central and Eastern Europe. The city has established itself as a business hub and centre of academic research with well developed infrastructure to support the influx of foreign investment.

Brno is producing some of the highest rental yields in Central and Eastern Europe with an average net rental yield of 5.2% forecast for units in Golden Brook. The rental potential is huge as the development is only 500 metres from Brno University Hospital. In addition, it is located in a commuter zone with easy access to the Czech Business Park and Brno Exhibition Centre.

If you missed out first time round at Golden Brook or want to invest in one of the best performing economies in the Czech Republic, this deal offers an excellent opportunity. Golden Brook combines low prices, 15% below market value, great rentals and steady capital growth. Excellent payment terms of 10/90 and an LTV of up to 90% makes your money work harder for you in this market.