Rental Yield: 6.26%

PRICE: €600,000

Ref: PH27

NEW STOCK: 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

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

SOLUTION: PropHaus

Find out more about this property

Ref: PH27

Ref: PH27

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Colin O’ReganInvestment Consultant

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