Rental Yield: 6.6%
Portfolio of three buildings consisting of 36 rented apartments in city centre of Hildesheim
Portfolio of three buildings consisting of 36 apartments and 17 parking spaces. Over the last years, all buildings have been renovated, the facades have been upgraded and apartments refurbished. The vacancy rate is very low due to excellent location, close to the city centre. Various shopping, supermarkets, and restaurants are on their doorstep. All properties have easy access to various transport lines, such as trams and busses.
Units: 36 apartments
Current rent: €187,214 (factor 15)
Rentable Sqm: 2,539 sqm
Avg price per Sqm: €1,106
Avg price per unit: €78,055
Mortgage included: Opt
Low vacancy rate and high rental yield make this property an excellent income-generating investment. Proximity to Hanover generates high interest from tenants since the difference in rents are can be up to 18%. Excellent transport options allow commuting into Hanover city centre in 30 min
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.6%.
- FULLY MANAGED: German based Property & Investment Management
Hildesheim is located about 30 km southeast of Hanover on the banks of the Innerste River. Hildesheim has an efficient traffic infrastructure: it is a regional hub for interstate roads and railway connections across the country. University of Hildesheim has a big campus and welcomes over 8,000 new students yearly.
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