Rental Yield: 6.4%
Portfolio of 52 apartments across 6 buildings 10% BELOW MARKET VALUE producing positive cash flow. €2,090,000 Mortgage included.
Dresden is regarded by many as Germany’s next Property Investment Hotspot. This exceptional portfolio is located in the catchment area of Dresden.
Units: 52 apartments
Current rent: €200,026 (15.73 factor )
Rentable Sqm: 3,149 sqm
Mortgage included: Yes
BMV: €366,000 Below Market Value – Current Value €3,513,000
RENT: Fully rented. Potential to increase the rental yield to 7.2%
LOCATION: Excellent location close to Dresden city centre – Germanys next Property Hotspot
NEW MORTGAGE INCLUDED: €2,090,000 Mortgage with a low fixed interest rate of 1.87%
GOOD LIQUIDITY: Mortgage repayments account for only 49% of the rental income.
FULLY MANAGED: German based Property & Investment Management