SOLD: See Case Study
Portfolio of 68 apartments in one of the most populated metropolitan regions of Germany
The portfolio is located in Overbruch district, north of Duisburg city centre in a quiet and green area, perfect for young families with kids. All buildings have been recently extensively renovated with new windows, bathrooms, insulation installed. Good transport connections through A59 highway leads right into the city centre in less than 30 minutes. All necessary amenities, like shops, supermarkets, schools, and restaurants are within walking distance.
Units: 68 apartments
Target rent: €346,985 pa
Rentable Sqm: 4,482 sqm
Mortgage included: Opt
Over the last 5 years management company has invested over 400,000€ into refurbishment, including individual apartments and facade which helped to increase the value of the buildings and secure good tenants. Over the last years, it has a very low vacancy rate and is the perfect cash generating portfolio. It has high potential on further rent increase up to 10%.
KEY REASONS TO INVEST
- RENT: Fully rented.
- FULLY MANAGED: German based Property & Investment Management
Duisburg is a modern city with an industrial culture, located right in the middle of it all: in the middle of Europe, in the heart of the Rhine-Ruhr metropolitan area, right in the middle of life. This is where Europe’s steel heart beats, where important traffic arteries intersect and turn the city into a logistics hub for Europe and is only a 30 minute commute to Dusseldorf International airport.
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