Rental Yield: 6.8%
Portfolio of 60 modern apartments near city centre with high occupancy rate, very popular with young families
The apartment block of 60 apartments is located in a quiet and green area, very close to Minden city center. Within the last few years, the building had gone through extensive refurbishment done to the facade and into the modernization of apartments, allowing to attract good long term tenants. Excellent location is perfect for young families, who enjoys newly built playground for kids and bbq station. It has good transport options nearby and fitness centre, restaurants and shopping places within short walking distance.
Units: 60 apartments
Current rent: €210,199 (factor 14.7)
Rentable Sqm: 2,916 sqm
Avg price per Sqm: €1,059
Avg price per unit: €51,500
Mortgage included: Opt
The rental income is expected to gradually increase up to 7,00€/sqm which could bring up rental income for up to 20% from the current rate. Minden rental market is showing continuous growth,: therefore buildings will increase in value and stability of rental income is highly expected.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.8%.
- FULLY MANAGED: German based Property & Investment Management
Minden is a town of about 83,000 inhabitants in the north-east of North Rhine-Westphalia, Germany. The town is 30min drive from two major cities in Germany- Hanover, and Bielefeld which makes it a desirable place for tenants to live. North Rhine-Westphalia is the most populated state in Germany with 17,900,000 people.
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