Rental Yield: 6.26%
STRUCTURED INVESTMENT: 9 tenanted apartments with positive monthly cash flow, €50,000 BELOW MARKET VALUE with a Guaranteed Mortgage of €350,000.
Dresden is regarded by many as Germany’s next Property Investment Hotspot. This exceptional property is located less than 30mins from Dresden city centre.
Units: 9 apartments
Current rent: 37,545€ (factor 15.98)
Rentable Sqm: 488sqm
Mortgage included: Yes
This property enjoys an extremely convenient location. The property itself is located in a very safe, residential neighbourhood with a Government tax office located across the street. It has many different shops, banks and Netto supermarket around the corner, making it very convenient for tenants to do their daily business close to home. The bus stop across the street connects with the main city center, train station and other key areas of the town. Since the commute to Dresden takes only 30minutes, it is common for tenants to work in Dresden but choose to live in Pirna for lower costs and a quieter lifestyle
KEY REASONS TO INVEST
- BMV: 8% Below Market Value – Current Value €650,000 (€1,331/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: €350,000 Mortgage with a low interest rate of 2% fixed for the next 10 years
- GOOD LIQUIDITY: Mortgage repayments account for only 42% of the rental income
- FULLY MANAGED: German based Property & Investment Management
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