Property Details

15 Residential and 2 Commerical Unit Investment in Bremerhaven – PV568

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15 Residential and 2 Commerical Unit Investment in Bremerhaven – PV568

€750.000 Euro - Mixed Residential with Commercial Units
1170 sqm 15 Residential Units2 Commercial Units View PDF Print this page

Constructed circa 1960 and renovated 2007-2014, this is an investment property with 15 residential units and 2 commercial units in the popular area of Lehe.

The property is very well located and is in a very good condition.

The property will be delivered fully occupied.  Current rental income is 57.180 Euro giving a yield on purchase price at 7.6%.

Investor Profile:
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.

Area:

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.

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Agent James Kirkman

James Kirkman

James is our man on the ground in Germany – another active investor in German property. Although based in the UK, James is regularly in Berlin, Bremerhaven, Wuppertal and Leipzig. His market knowledge of the…

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