10 Unit Investment in Bremerhaven 11% Yield – PV559
€230.000 Euro - Multi-Family House
This investment consists of 10 residential units in fair condition – some renovation required. Currently let at 25.884 Euro/p.a – giving a yield on purchase price of 11.25%.
This property was refurbished in the mid 90s and is sound structurally however the front facade would benefit from some work and the internal style is 90s. We believe the works required would cost in the region of 10.000 Euro.
1 apartment is 48sqm the rest are 58sqm and there are 2 garages.
The property is well located in Lehe and is a 5 minute walk to the city centre.
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.
Lehe is mainly made up of period stock, from around 1900, and is attractive in look and feel. Most properties of this era are 3-4 levels high with between 3-8 apartments in each. Balconies are favoured by tenants, and found in around 35% of the stock in this area. Property prices are still very favourable in this location, both for apartment houses and single apartments, with around 400-500 Eur per sqm often being needed.
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.