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Condominium in Steinfurt-Borghorst

5,670,000 €
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Total area: 6,212 m² Yield: 7.0% Built in 1965
  • Absolute return: 423,309 €
  • Land area: 10,900 m²
  • Percentage of the rented area: 100%
  • Most recent total renovation: 1992

The portfolio of ten houses located in Steinfurt-Borghorst, North Rhine-Westphalia.

More than 6,200 m² of residential space on 10,900 m² area.

Description

Houses belonging to the condominium were built at different times, the oldest in 1965, the newest in 1992.

There are 111 apartments in the complex with total area of 6,211,56 m², which are fully leased.

Buildings are regularly overhauled and are in excellent condition. Apartments are heated with natural gas.

Yield

Absolute income is 423,309 €.

The current yield of 7.5%.

Infrastructure

The houses are located in one the most economically developed regions in Germany with one of the lowest unemployment rates. Public transport is in immediate vicinity to the objects.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Steinfurt
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