Full Description

Some Details:

• Built in 1974
• Refurbished in 2007
• 20 floors
• Each apartment has a balcony
• 191 underground parking spaces
• 240 apartments with 83 m²
• 240 apartments with 68 m²

Area:                36,240 sq metres

Annual rent:      net 1,350,000 cold - plus garages: 90,000, - Euro

Yield:                Circa 10%

Purchase price   15,250,000 Euro

About Duisburg:

Duisburg is a German city in the western part of the Ruhr Area (Ruhrgebiet) in North Rhine-Westphalia. It is an independent metropolitan borough within Regierungsbezirk Düsseldorf. With the biggest inland harbour in Europe and within close proximity of Düsseldorf International Airport, Duisburg has become an important venue for commerce and steel production.

Today's city resulted from the incorporation of a number of surrounding towns and smaller cities. It is the twelfth-largest city in Germany and the fifth-largest city in North Rhine-Westphalia with 495,668 residents as of 31 December 2007.

The city is renowned for its steel industry. All blast furnaces in the Ruhr are now located in Duisburg. 49% of all hot metal and 34.4% of all pig-iron in Germany is produced here. University of Duisburg-Essen, with 33,000 students, ranks among the 10 largest German universities.