Rental Yield: 6.2%
Residential building with 3 commercials and 11 apartments in a popular area of Duisburg city.
Property has been built in the year 2000 and is in excellent overall condition. Windows has been replaced with modern plastic ones and most of apartments has balconies and terraces. It has a car parking in the back yard and basement storage areas for each of the tenants. Property is located in a very nice location between the river Rhein and the Regatta track of Duisburg. There are about 6 schools and kindergartens in 5 min walking distance and many transport options around.
Units: 14 apartments
Current rent: €94,922 (factor 16)
Rentable Sqm: 1,346 sqm
Avg price per Sqm: €1,129
Avg price per unit: €108,571
Mortgage included: Opt
Property is very popular with local tenants due to its excellent location and modern layouts of the apartments. The commercial areas have been rented out to the long term tenants. Rents in Duisburg are continuously growing and the current rate of 5€/sqm is still below the market rate and can be increased over the next years.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.2%.
- FULLY MANAGED: German based Property & Investment Management
Duisburg is a modern city with an industrial culture, located right in the middle of it all: in the middle of Europe, in the heart of the Rhine-Ruhr metropolitan area, right in the middle of life. This is where Europe’s steel heart beats, where important traffic arteries intersect and turn the city into a logistics hub for Europe and is only a 30 minute commute to Dusseldorf International airport.
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