Rental Yield: 7.2%
SOLD: See Case Study
Spacious apartments and commercials in central residential area of Duisburg. Special Buy-to-Let mortgage included.
The Investix wealth management team have arranged another great Buy-to-Let investment for a foreign based investor. We acquired this property on behalf of investor 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 clients 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, their GmbH company and monthly cashflows and we prepare regular investor reports for the clients so they have full transparency of their investment in Germany.
Duisburg is located right in the middle of Europe, it is a vital transport infrastructure in the heart of the Rhine-Ruhr region and is widely regarded as the No.1 logistics hub of Europe with 500,000 inhabitants, This property investment was an outstanding opportunity to purchase a multifamily house consisting of 11 apartments and 3 commercials in a well known and central residential area of Duisburg. Property was acquired with few vacancies which were rented out to long term commercial and residential tenants. Due to the spacious apartment layouts, open terraces and balconies and location next to the supermarkets, shops, banks and restaurants, it has high demand from tenants.
• 11 Buy-to-Let apartments and 3 commercials
• Special Buy-to-Let Non- recourse Mortgage – 67% LTV
• High rental yield of 7.2%
• Potential to increase rents by re-renting apartments when vacant
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