7.3% Rental Yield
SOLD: See Case Study
Ref: PFG4A1
High income generating portfolio of 61 apartments. Rent increase track record of 11% over last 2 years. 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.
The Investix wealth management team are excited to offer a unique portfolio of 61 apartments in three buildings located in the cities of Hoerstel and Duisbug, North Rhine-Westphalia. The main attraction with this property is the current very strong liquidity that the portfolio generates and the potential to increase this further through rental increase. This is one of the best “income generating” portfolios on our books, in a good location, in good condition and priced very well. All new tenant contracts comes with an automatic increase of 2.5% per annum. The whole portfolio had been sold for an average of €826/sqm which is 38% below the current estimated price index of €1,350/sqm.
INVESTMENT FEATURES
• 61 Buy-to-Let apartments
• Special Buy-to-Let Non- recourse Mortgage – 58% LTV
• High rental yield of 7.3%
• Potential to increase rents by re-renting apartments when vacant
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