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Great Investment in the middle of GER with 11 perc yield [ SOLD ]  Region: Brandenburg  Price: EUR € 797 000  Bedrooms: 2  Property Type: Apartment  Development State: Developed

Features: Garden, Parking Amenities: Shops, Bars & Restaurants, Near a Lake, In Village, Childrens Playground, Near City, Near Town Description:
Great Investment Opportunity in the middle of GER!
Returning above 11% p.y.

28 flats built in 1972 fully rented and recently refurbished are on sale now!
Owner wants to sell due to private circumstances - secure long term investment...


The properties:

The following refurbishment's have been done recently: in 1997 Isolation, renovation of roof, new windows with double glazing and new central heating system. In 2008 all units except 8 already refurbished apartments are being renovated and upgraded completely with bathrooms, floors and walls. The units will be sold fully renovated and reworked.


The location:

The properties are located right in the heart of Germany, between Berlin and Hamburg. The town is Gross Langerwisch and close to the well established recreation parks and lakes. The Motorway A24 is 20m away and Berlin in easy reach in around 1h drive.


The investment:

Total rental surface is 1,739,88 sqm, total plot surface is 7,203 sqm, total rental income is 88,608,36 EURO which is slightly above the 11% return.


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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