Rental Yield: 6.6 %
Portfolio of 36 fully rented apartments with gardens within 5 buildings located on the same street.
The properties are situated on a quiet side street close to Duisburg city center and next to the city park. The houses are maintaining a very high occupancy rate and are regularly fully let. Since the mid-nineties every apartment was renovated every time tenants were changing and over the last years and currently almost every apartment has been refurbished. Due to the good location there’s a big demand for rentals in the area with a waiting list of tenants.
Units: 36 apartments
Current rent: €147,507 (factor 15.1)
Rentable Sqm: 2,449 sqm
Avg price per Sqm: €906
Avg price per unit: €61,666
Mortgage included: Opt
Over the year’s rents have been growing steadily and due to recent refurbishment, the apartments have now stable long term tenants in place. The demand for modern apartments in this location is growing, so rents are expected to continue to rise. Each apartment has an opportunity to rent a garden, which can further increase rental income for the investor.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.6%.
- FULLY MANAGED: German based Property & Investment Management
Duisburg is located in North Rhine-Westphalia which has nearly 18 million inhabitants and is only a 30 minute commute to Dusseldorf International airport. The properties are located in Alt-Hamborn district of Duisburg with a population of over 500,000 people. All buildings are located on the same street very close to the centre of Duisburg, which has a population of nearly ½ million people.
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