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Gelsenkirchen Haus

Location: Close to Essen
Price: SOLD
Rental Yield: 6.5%
Mortgage included: YES
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14 unit apartment block, fully rented with new double glazing and external insulation.

Key Investment Features

  • 14 Units
  • Rental yield of 6.5%
  • Non- recourse mortgage 66% LTV
  • Fixed interest rate of 2.1% for 10 years
  • Lifetime Property and Asset management

Property Description

This recently refurbished 14 unit apartment block has a new double glazing and external insulation. It is close full occupancy and we have negotiated and secured a mortgage of €756,000 at a very low interest rate of 2.1% fixed for ten years. Gelsenkirchen has a population of nearly 260,000 people and is also excellent commuter city within the NorthRhine Westphalia region. This region has 150,000,000 people within a 500km radius of its capital Dussseldorf which respresents 45% of the purchasing power of the entire EU.

  • Recently refurbished and fully let
  • Central location on a busy street
  • 45 min drive to Dusseldorf airport