Rental Yield: 6.7%
SOLD: See Case Study
Ref: PH8
19 Buy-to-Let apartments in Bielefeld, leading Westphalia's business location. Exceptional Mortgage Terms.
The Investix wealth management team have arranged another great Buy-to-Let investment for a foreign based private investor. We recently acquired this property on behalf of the client and managed all the legal and administration process for taking over the property and all the tenants. We organised a very attractive Buy-to-Let non-recourse mortgage with a leading German bank. We set up a simple tax optimised GmbH company for the client to use to purchase the property and we prepared a 10 year income and expenses forecast including an ROI forecast. We now manage the property, tenants, maintenance, his GmbH company and monthly cashflows and we prepare regular investor reports for the client so they have full transparency of their investment in Germany.
This excellent turnkey investment property is located in Bielefeld, East Westphalia’s leading business location and one of the highest economic growth rates in Germany. With almost 330,000 inhabitants Bielefeld is the main centre of East Westfalia Lippe. Approximately 23% of employees work in manufacturing and around 76% in service industries. Property was sold with special Buy-to-Let mortgage of 68% with fixed interest rates. Most of the tenants have been living there for more than 10 years and are committed to continuing living there which shows by 100% occupancy rate. All new tenant contracts are with automatic increase of 2.5% pa giving additional confirmation for growing rental income. This portfolio was ideal for a buy-to-let investors focused on a solid rental income and good mortgage conditions.
• 19 Buy-to-Let apartments
• Special Buy-to-Let Non- recourse Mortgage – 68% LTV
• Fully rented over the years. Long term tenants.
• Automatic rent increase included in contracts.
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