Full Description

GUARANTEED RENTAL IN WEST GERMANY.

Located in a calm and quiet area, this enviable residence is currently undergoing massive renovations to be completed Spring 2008, including fully equipped ceramic tiled kitchens and bathrooms, brand new carpets, balconies and terraces, underfloor heating systems, videophone entrances, new gas central heating, new electrical systems, new facade, plus underground parking with interior elevator.

Having such attractions as the huge Centro shopping mall and the Industrial Museum of Rhineland, Oberhausen is part of the Ruhr area in North Rhine-Westphalia, which is visited by 23 million tourists per year. Located in the Old City Centre, the residence is surrounded by various cultural and recreational areas and benefits from excellent connections to the New City Center via a 5 minute ride on public transport (bus and tram).

Currently, Germany is one of the most interesting Real Estate markets in Europe. This is a very rare investment opportunity offering excellent location and the chance to purchase property for 1000 to 3000 euros per square metres. Many properties are undervalued and forecasts point towards positive economic development which will cause significant price rises over the next 5-7 years. Now is the time to buy in Oberhausen!

Key selling points and investment justifications:

• Purchase price is below actual prevailing market value
• Two - years rent guarantee of 8,20 EUR per sqm
• Increasing rental demand in this area
• Central location with great access to public transport
• Financing available up to 80% loan to value

Freiherr-Vom-Stein
Germany, West Germany, Oberhausen

One Bedroom 58m2 to 70m2 - 126400 to 152200 euros,
Two Bedrooms 72m2 to 94m2 - 154800 to 203000 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 5.7%