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Home » German Property » For Sale » Germany » Sachsen-anhalt » Magdeburg » 37 Bed Apartment
Apartment
Price : €861,000
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Max rental return: 7.65%
Stunning period apartment block (23 units) offered at a massive discount from market value. Fully tenanted and offering a 7.65% yield, with rental guarantees. Building is pre-approved for an 80% mortgage. 146% rental coverage over mortgage costs!
An instant income producing asset building portfolio in Germany with just 20% deposit.
Serious investors are offered the opportunity to add a significant piece of high quality real estate to their portfolio with just 20% deposit invested.
This attractive building located in the German city of Magdeburg, the state capital of Saxony-Anhalt, comprises of 23 apartments all tenanted and producing an immediate income. The Investment will provide a surplus income after mortgage costs which is very attractive indeed when you consider the mortgage is a REPAYMENT loan.
Furthermore we have negotiated a sale price significantly below the market value, in fact 39% below! The sale price also includes the costs associated with buying property in Germany, e.g. Taxes, Notar costs etc.
The huge reduction from market value allows us to provide (subject to status) a mortgage of well over 80% of the building sale price, which is very unusual in Germany. Up to 4 buyers on 1 mortgage application allowed.
For more details please enquire and provide a telephone number.
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