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Talstr. 18, Solingen North Rhine Westphalia, Germany

€42,968
- Site / Land For Sale
Edited 1 year ago

Description

The portfolio comprises:

- 11 apartments in Dresden, Germany’s 4th largest city in total area and is a major cultural centre with a population of over 500,000.

- 5 apartments in Bautzen, a large and picturesque regional town of circa 42,000 people located on the river Spree just 32 miles from Dresden.

- 4 apartments in Grossenhain, a quiet historic town with a population of 16,000 within commuting distance from Dresden (19 miles)

- 1 retail unit plus 6 apartments in Solingen, an affluent city in northern Germany with a population of 160,000. It is located just 18 miles from Dusseldorf and 22 miles from Cologne.

- 3 retail units plus 2 apartments in Solingen

Rents comfortably cover bank interest & capital and property management and running costs. The investment achieves 7.6% yields and finance of 70% has been secured net of all closing costs and fees.

This is a syndicated portfolio of German properties which are being sold under one structure. The minimum investment is €50,000.

These are low risk and extremely lucrative medium term investments. The best feature is that you aren´t betting on the price of the real estate to increase - it´s more a case of purchasing with a 7% yield, paying down the capital and interest on the commercial mortgage, increasing rents by 1% or so per year and selling onto another party who needs a 7 or 7.5% rental yield.

That´s enough to generate a 65-90% return on an equity deposit of 30-35%. The key is to invest prudently with both solid tenants & managers in place and to have a clear exit market and timeframe.

These are ideal for people who want to put aside some money now that they can access closer to retirement in 5, 10 or 15 years.

An opportunity to purchase a low-risk portfolio of small high quality German property assets, with a spread across 5 properties and 32 tenants and 26,800 sq ft of rentable space. The investment achieves 7.6% yields and finance of 70% has been secured net of all closing costs and fees.

Return in investment after 5-7years of 65-90%.
Contact Agent

Interested in this Overseas Property?

Contact the Estate Agent about: Talstr. 18, Solingen North Rhine Westphalia, Germany
Torcana
  • Torcana
  • 14 Pembroke Cottages, Main Street, Dundrum, Dublin 14
  • Phone: 01 443 3991
  • Fax: 01 258 6016

Torcana

agentLogo
  • Torcana
  • 14 Pembroke Cottages, Main Street, Dundrum, Dublin 14
  • Tel: 01 443 3991
  • Fax: 01 258 6016

Contact the Agent:

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