10 Residential and 2 Commercial Investment in Bremerhaven – PV569
€660.000 Euro - Mixed Residential with Commercial Units
This is an offer of a residential and commerical building with 12 units set over 5 floors, lying around 500m to
the south of Bremerhaven City Centre in the favoured location of Geestemünde. The area is characterised
by good quality buildings and the highest rents in the city.
The 2 commercial units comprise of a kitchen retailer (since 2007) and lawyer/notary office (since 1995). The
remaining 10 units are residential apartments with a good tenant structure in place.
Whilst being an easily walk-able distance to the centre, the property also enjoys good access to public
transportation with a bus routes serving the entire city, less than 50m from the property and a short walk to
the train station.
Being fully-tenanted and in a good refurbished condition on delivery, this property should cause an investor
little work in the medium term. There is potential to increase the rent of several apartments with long
standing tenants, bringing the yield up to 8.4%.
Due to its already strong yield, this property will appeal to all investors looking for a high rental return. Finance should be expected at the level of 60-70% LTV, dependent on client status and bank chosen.
Please contact us for more details and rent information.
Bremerhaven is Germany’s second biggest port, Hamburg being the biggest, and lies to the north west of the country around 100km east of the Dutch border. The city is located in the state of Bremen, being around 50km north of the city of Bremen, a train ride of around 30 minutes. Passengers by air would usually use the city airport of Bremen, served 2 times per day to London, daily to Edinburgh and numerous flight across Scandinavia, Spain and Italy. Bremerhaven therefore enjoys easy access for investors across Europe, with schedules often allowing for a day inspection trip, without the need for overnight stays, useful whilst researching the market and keeping on top of investments once made.
The district Geestemünde is located in the district south of Bremerhaven at the mouth of the Weser Geeste. This very central location is an great advantage to the district, with Bremerhaven’s pedestrian shopping zone a 15-20 min walk, and 5 mins by car. Geestemünde has approximately 33,000 inhabitants of the largest populated area of Bremerhaven.
You can search this site for Bremerhaven to find out more, or get in touch if you would like to discuss this, or any other aspect of our service or portfolio.
ProVenture Property are consultants offering market advice and deal brokerage for investment properties across Germany. Whilst we list many of our potential investments publicly on this site, many are not publicly listed, so please register your interest and investment goals with us if you are at any stage of the investment process.