Rental Yield: 6%
Exceptional property of 9 apartments is located less than 15mins from the centre of Dresden. Mortgage of €490,000 included!
Dresden is regarded by many as Germany’s next Property Investment Hotspot. This exceptional property is located less than 15mins from Dresden city centre.
Units: 9 apartments
Current rent: €43,756 (factor 16.68)
Rentable Sqm: 615sqm
Mortgage included: Yes
BMV: 14% Below Market Value – Current Value €845,000 (€1,374/sqm)
RENT: Fully rented. Potential to increase the rental yield to 7%
LOCATION: Excellent location close to Dresden city centre – Germanys next Property Hotspot
NEW MORTGAGE INCLUDED: €490,000 Mortgage with a low interest rate of 2% fixed for the next 10 years
GOOD LIQUIDITY: Mortgage repayments account for only 50% of the rental income.
FULLY MANAGED: German based Property & Investment Management