The property consists of two buildings with shared underground car parking spaces in a nice residential area. Apartments are in a good condition, most of them have been renovated and occupied with long term tenants. It has great location, next to the Lidl shopping centre, pizzeria across the street and train station within walking distance, allowing to easily commute to Dortmund or Gelsenkirchen cities.

Units:                                  37 apartments
Target rent:                    €185,670 
Rentable Sqm:               2,867 sqm
Mortgage included:     Opt

The average rent across apartments of 5,00€/sqm are still below the market rate of 5.50€/sqm showing clear indication for further increase. Stable rental income generates good cashflow on a yearly basis.

KEY REASONS TO INVEST 

• RENT: Fully rented.
• FULLY MANAGED: German based Property & Investment Management

LOCATION: 

Gelsenkirchen is a city of nearly 260,000 inhabitants located in the in western part of the Ruhr area in a region known as North Rhine-Westphalia, which is the most populated state in Germany with 17,500,000 people. There is strong rental demand for good quality properties like these due its excellent location as a short commute to Dusseldorf and Dortmund.

REQUEST MORE INFORMATION EMAIL: info@investix.de OR CALL: +49 (30) 499 05 0950 OR FILL IN THE FORM BELOW