The Investix wealth management team have created another excellent turnkey investment in Dessau-Roßlau, the third biggest city in the state of Saxony-Anhalt. Over 67% of Dessau-Roßlau residents are tenants. This portfolio is ideal for a buy-to-let investor seeking a solid rental income and excellent mortgage conditions. This corner building is ideally located in the central district of Dessau, on a quiet residential street. The property has been upgraded including installing a brand new heating system. The investment package consists of a multi-family house with 12 apartments, generating a solid rental yield of 6,5%. Investors can benefit from rental increases as the current rent is well below the rental index.
Key Investment Features
- 12 Units
- Non- recourse mortgage 70% LTV of €400,000
- Fixed interest rate of 2.1% for 10 years
- Price is €830/sqm. Well below re-instatement costs and traded prices on the market
- Track record of rental increases in Dessau: 2011/€4,74 => 2016/€5,22 => 2017/€5,31
- Average rent €4,50/sqm compared to the rental index of €5,31/sqm