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Top Investment Project with over 10% yield!
This fantastic 11 level purpose built property is in need of some refurbishment (approx. worth €200,000) and returns today €98.650 p.a.
Sales Price is €890,000 and after refurbishment the rental return should be around €120,000 p.a.
Sqm price very low, only €274!!!
The property has been built in 1980, most of the 55 flats have balconies.
The roof, the central heating system and the water supply have been refurbished recently.
The Area:
The property is in the Rostock borough called Evershagen and offers from his upper level flats a nice view on the Foerde (rivers close by).
Evershagen is a new part of town, developed between 1969 and 1974 in the Northwest part of Rostock.
Different tall purpose built houses are dominating the area, however two parks are in waling distance, the ‘Luetten Klein’ and the ‘Evershagen’ park.
A brand new metro systems connects the area to the towncenter of Rostock in approx.. 25m.
Pricing and Deposit:
The Price includes VAT and is excluding the commission and transaction fees. Additional costs are for the notary and the finance provider. No stamp duty in Germany,
no council taxes.
For British Citizen a 50% Deposit is needed to get finance approved in GER, however some British banks might lend money below that percentage when proof of income in the UK.
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