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Rental Yield: 5.9%
SOLD: See Case Study .
Excellent property in the Dresden economic region. Fully rented and with potential of rent increase.
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: €44,116 (factor 17.20)
Rentable Sqm: 615sqm
Mortgage included: Yes
This property enjoys an extremely convenient location with local shops, schools and cafés within walking distance. Dresden city centre is always within touching distance as the area is well serviced by public transport. The S-Bahn is on your doorstep connecting you to the centre of Dresden in 8 minutes and there are also regular bus routes servicing the area. With an average net rent of only 405€/month per apartment, tenants in this property pay nearly 14% less than neighbouring buildings.
KEY REASONS TO INVEST
- BMV: 10% Below Market Value – Current Value €845,000 (€1,374/sqm)
- RENT: Fully rented. Potential to increase the rental yield to 6.8%
- LOCATION: Excellent location close to Dresden city centre – Germanys next Property Hotspot
- NEW MORTGAGE INCLUDED: €478,677 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
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