Rental Yield: 6.7%
Well maintained property of 24 apartments with balconies with high occupancy rate in a green residential area
Property located in a very nice and green area, next to the city centre and only 15min drive to Duisburg city, making it very popular with local tenants. Every apartment has a balcony or terrace and has new bathrooms installed and has been well maintained over the years. It is within short walking distance to various shops, McDonalds, gas station and various transport options.
Units: 24 apartments
Current rent: €132,000 (factor 14.8)
Rentable Sqm: 1,872 sqm
Avg price per Sqm: €1,041
Avg price per unit: €81,250
Mortgage included: Opt
Property has a high occupancy rate over the years with stable and good tenants. Rents have been increasing on a steady basis but current average rate of 5.77€/sqm is still significantly lower than 6.71€/sqm showing clear potential for further increase within next years.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.7%.
- FULLY MANAGED: German based Property & Investment Management
Neukirchen-Vluyn is a town in the district of Wesel with population of 27,000 and is so-called mid-size district capital in the district of Dusseldorf. The local economy is characterized of machine engineering, wholesale, textile and printing industry. Cultural hall “Kulturhalle”, where one can enjoy exhibitions of art and live music on a regular basis. For recreation, the town offers various trails for horseback riding and hiking as well as a golf court.
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