9 Residential Unit Investment in Bremerhaven – PV566
€195.000 Euro - Multi-Family House
A 9 unit MFH in a mixed residential area. Renovated in the 1990′s this property whilst structurally sound would benefit from a scheme of works. The individual apartments are in good and fair conditions but the style is 90s. The units are 28 – 61 Sqm in size.
Currently fully let at 21.659 Euro this offers a yield on purchase price of 11.1%.
Due to its strong yield, this property will appeal to investors looking for a high rental return with scope to increase capital values through refurbishment. 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.