Luxury German Property Available To Buy

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Other Description

INVESTMENT PROPERTY NEAR HANNOVER WITH RENTAL GUARANTEE.

This investment property has a yield of 8% with a vendor guarantee. The tenanted, modern apartment house is located in Salzgitter-Bad, Western Germany. The property, built in 1995, offers 27 residential units with parking on a plot size of 1922m2. The apartment house has a high building specification with a residential floor area of 1560m2 comprising of 21 one bedroom units and 6 two bedroom units. All the apartments are currently being refurbished to include new bathrooms and flooring. The property will be sold fully tenanted with a rental guarantee in place as security until fully let. The annual rental income will be 87,000 euros which equates to a superb yield of 8%.

Salzgitter-Bad is a spa town located approx 20km north of the Harz Mountains national park area - a hugely popular winter sports area. The town is situated approx 25km south of Braunschweig and 60km south-east of Hannover. The Lower Saxony town has a population of approx 20,000. The apartment house is centrally located in Salzgitter-Bad and only 500 metres from the railway station.