Apartment house in Wuppertal

€ 2,800,000

Description

We offer you a five-storey apartment house in Wuppertal, North Rhine-Westphalia, Germany. Year of construction - 1960.
  There are 22 commercial premises in the house. The area is 4804m2. The area of ​​the land plot is 1292 m2.
RECOMMENDED!
Educational institutions, banking and medical institutions, shops, public transport stops are located within walking distance. Convenient exit to the high-speed road.
The building is maintained in excellent condition.
Services of the management company.
Most of the premises are leased and immediately brings a stable income.
Annual income (after payment of utility bills) -238800 €.
Profitability is 8.5%.
After renting out all the premises, the annual income (after payment of utility bills) will be -355,500 €.
Profitability is 12.7%.

The city is very convenient for investment. To Cologne - 30 km, to Dusseldorf - 22 km.
 We offer:
stable demand for rental apartments and impressive investment income;
convenient location;
services of the management company;
 developed infrastructure;
the possibility of obtaining a residence permit in Germany.
The investment provides a profitable opportunity for investors due to the constant growth of value in the real estate market. As demand for housing in North Rhine-Westphalia spreads.
The local real estate market is stable and steadily growing. The trend that will continue. The lack of one-bedroom apartments and the high demand for rental of such properties in this area represents an interesting investment opportunity.
The possibility of lending in a foreign bank on the security of its own facility with low interest rates.
We offer real estate that provides high and stable passive income (office buildings, apartments, car parks, boarding houses, hotels). Reliability, transaction support.
Call, write, watch, buy.


Property details

Floor
5
Close to
Park
Type of location
City center
Mortgage
1
Number of premises
22
Currently functioning
1
Type of parking
Open
Rental income
238000
Ownership type
Proprietary
Payback period
8
Last renovation
2017
Year of construction
1975

Location

Wuppertal

Top offers