RealReturns have been appointed asset managers for Greenman Investments a newly created Investment company which will raise €8,000,000 in investor equity to develop up to 15 Auto Repair Centres in strategic locations in large German cities over the next 3 years.
The centres will provide Germany’s 53 million car owners with "while you wait" Windscreen, Exhaust, Suspension and Tyre replacement services. Each property will be pre-let on long term leases to large multinational tenants. The properties in the portfolio will generate income surpluses, after all operational and finance costs from day 1 making Greenman Investments a safe, low risk investment option.
Key Investment Points
The market leading multinational Anchor tenants are CarGlass and PitStop both being German’s No1 providers in their sector.
These companies will lease the properties with no break clauses for a min of 12 - 15 years and 6 x 3 year extension periods providing a max lease length of 30 - 33 years for each roperty with a with min NET rental income of 6.94%.
Greenman Investments have pre-agreed finance with a German lending bank to borrow up to €22.7m on a non-recourse basis.
Income surpluses of up to €3.36m will be generated during the term of the investment Greenman Investments
The properties will be disposed of between years 5 and 7 and mid range forecasts will provide investors with an annualised return of 21.1 PA.
Therefore an investment of 50,000 would return c. €123,750 in 7years.
Investors can invest using SSAP’s, SIPP’s, ARF’s and AMRF’s.
This investment provides Irish and UK investors with an otherwise unobtainable opportunity to gain a stake in a large investment company which will generate large cash reserves throughout the term of the investment.