Rental Yield: 6.26%
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