An opportunity to purchase two complementary properties containing an excellent mix of17 retail, medical and residential tenants in two major German cities. Rental yield is 7.11% with potential increase to 7.9% and 65% financing is in place.
The larger property is a REWE supermarket (Germany´s 2nd largest chain), with apartments overhead and a separate small block of apartments to be redeveloped at the rear. The second property is a medical centre in Dusseldorf containing a pharmacy and 3 medical suites, each occupying one full floor.
The opportunity for investors is that the purchase prices were negotiated based on current rents and the rent rolls can be increased quickly through re-development of the Krefeld apartments and letting of one vacant unit in the Dusseldorf Medical Centre. The demographics of both locations means that there will be sustained demand for these different categories of space. Price: 59,700.00 USD
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