Rental Yield: 5.3%
PRICE: €710,000
Ref: PH4
Property of 7 apartments and 4 garages in a beautifully restored building located between Bochum and Dortmund cities.
The property of 7 apartments and 4 garages is ideally located 20 minutes from the centre of Dortmund and 20 minutes from the center of Bochum. This pleasant location speaks for itself, as all shopping, doctors, schools and kindergartens, supermarkets and the center of Gerthe are within walking distance. All apartments have been modernized to a high standard and this year the heating system will be replaced. There’s a bus stop across the street, allowing to commute across the city.
Units: 7 apartments
Current rent: €38,081 (factor 18.6)
Rentable Sqm: 876 sqm
Avg price per Sqm: €1,339
Avg price per unit: €101,428
Mortgage included: Opt
Property has been fully rented over the years with committed long term tenants generating stable rental income. Current rents are still about 1€ below the market rate and can be increased steadily over the years. Parking and garages for tenants makes it desirable place for commuters who work in Bochum or Dortmund.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 5.3%.
- FULLY MANAGED: German based Property & Investment Management
LOCATION:
Bochum is located in the Ruhr area, the biggest metropolitan area of Germany with a population of nearly 365,000. Bochum is regarded as the cultural centre of the Ruhr region. It is well connected to other cities of Germany by railway, Essen and Dortmund airports, various motorways and waterways.
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