Price On Application
Income generating property of 30 rented apartments in the popular residential area of Detmold with an average occupancy rate of 97.7%
Property in Detmold consists of 30 apartments located near city centre, in a quiet location, excellent for families with kids. Well laid out apartments with big ground garage and lots of green space keeps the occupancy rate all times high. All the necessary amenities, like banks, supermarkets, shops and restaurants are within walking distance. Convenient transport options allow tenants to easily get around the city and neighboring towns.
Units: 30 apartments
Target rent: €189,086
Rentable Sqm: 2,473 sqm
Mortgage included: Opt
Stable rental income and long term, qualified tenants make it a secure investment opportunity, generating stable income. Rents can be increased over time. There are also an opportunity to invest additional funds to build new apartments in the attic, which would further increase rental income.
KEY REASONS TO INVEST
- RENT: Fully rented.
- FULLY MANAGED: German based Property & Investment Management
The city of Detmold is located in the West part of Germany, close to the industrial area Ruhrgebiet. With its 73,000 inhabitants it is the largest city in the county Lippe. The academy of music and the University of Ostwestfahlen-Lippe are located in Detmold and are important local employer together with several producers and financial service providers.
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