I have one of its baby brothers. sold by Warco as the WM180 and by other retailers (eg Amadeal and Chester) under other names. They are made by Weiss Machinery in China, and are almost identical to the range sold in Germany under the "Optimum" name. I think the factory producing the Optimum machines may be under German management.
The overall design of mine looks very similar to the WM250. My gear/pulley cover was originally held on by a couple of knurled nuts, but I found that inconvenient and hinged it at the back. I did find myself going in there fairly often, both to fit changewheels and to switch one of the drivebelts between pulleys. The 50 to 2500 rpm variable speed on mine isn't continuous. Rather, it is in two bands of 50 to 1250 or 100 to 2500 rpm, and the drivebelt has to be shifted to get from one band to the other. That was a fiddly and tedious job, because to slacken/tighten the belt an Allen screw on the back of the lathe had to be accessed by feel. I have modified that to make life a bit easier.
As mentioned above, mine is a smaller version, and the WM250 may differ from it in relation to the way the gear cover is retained and the drivebelt. It looks as though it has a tumbler reverse and a knob offering a choice of fine feeds, so is obviously a more sophisticated machine than mine. The ideal thing would be to hold off until you have seen one, at Warco in Chiddingford Surrey (they used to have models on display at Newton Tesla's place in Warrington, but I don't know if it's still there or whether there is a WM250 on display), at Amadeal in Leytonstone or at Chester Tools in both Hawarden near Chester and in Burntwood Staffs.
Andy