Rental Yield: 8.8%
SOLD: See Case Study
Centrally located fully tenanted building with 6 apartments and 2 commercials. 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 6 apartments and 2 commercials being completely refurbished on the busy street, central city location. The apartments and commercials are regularly fully let to long term tenants. Due to the excellent location, next to the supermarkets, shops, banks and restaurants, there’s high demand for apartments in the area and there’s a potential for the rents to be increased in the upcoming years.
• 8 Buy-to-Let apartments and 2 commercials
• Special Buy-to-Let Non- recourse Mortgage – 73% LTV
• High rental yield of 8.8%
• Potential to increase rents by re-renting apartments when vacant
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