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| Property Type: Investment Property |
Property Site: City / Village |
| Country: GERMANY |
City: Kastellaun |
| Zip Code: |
Region: Rheinland-Pfalz |
| Address: |
Vacation Property (for rent): No |
| Construction Year: 1910 |
Surface Area: |
| Bedrooms: 0 |
Bathrooms: 0 |
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ALQUILER CASA ISLA MARGARITA PORLAMAR VENEZUELA
En un espectacular conjunto con piscinas para adultos y niños full equipadA y amobladA. Aires acondicionados en todos los cuartos TODAS LA COMODIDADES- CABLE TV INTERNACIONAL
 Key selling points:
* Significand discount to market value
* Priced to sell quickly by owners
* Opportunity to renovate for increased yield
* Located near to Frankfurt-Hahn airport
* Expected gross yield of around 13
Act fast to secure this excellent small portfolio of 9 apartments, 11 garage spaces and a supermarket. The portfolio was originally bought about 15 years ago for 700,000 euros and the heirs who have recently come into position are seeking a fast sale.
The Portfolio:
The portfolio comprises two residential buildings, both in need of renovation and a supermarket, as well as a garage with space for 11 cars.
Year of Construction:
The supermarket was built to specification of Norma, one of Germany's leading retail companies, in 1982. The two houses were built in 1910 and 1925 respectively and need to be renovated. The garage was completed in 1988.
Areas for rent:
Supermarket: 450 sq.m
House no. 21: 6 flats with a total of 426 sq.m
House no. 19: 3 flats with a total of 300 sq.m
Garage: 11 space with an area of 390 sq.m
Rental:
The garage is let for €3,300 per year.
The supermarket is not let at the moment.
The flats in the mansion are not let at the moment.
Potential house no.21: unrenovated 3€/sq.m, renovated 4€/sq.m (ie €20,500 per year)
Potential house no. 19: unrenovated €3/sq.m, renovated 4€/sq.m (ie €14,400 per year)
This makes the total achievable rental income is excess of €73,000 per year, a gross yield in excess of 13.
Kastellaun:
The properties are located in the town centre of Kastellaun, immediately opposite the post office, ensuring that they will have a permanent rental appeal to residents in this town.
Kastellaun is just a stone's through from the Rhine and Moselle river. It is located on the height of the Hunsrück (424 metres above sea level) near to the Rhine and Moselle regions. It is a very picturesque region, with forest meadows and romantic valleys that would appeal to lovers of the countryside.
More importantly however, it is just 15 miles away from the Frankfurt-Hahn airport, with direct bus connections taking about 20 minutes. This airport is served by Ryanair and now connects with more than 40 European destinations.
3 deposit will secure the property and remove it from the market.
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| Furnished: |
No |
Dishwasher: |
No |
Alarm System: |
No |
| Washing Machine: |
No |
Hotwater: |
No |
Office Room: |
No |
| Linnen Supplied: |
No |
Pet Friendly: |
No |
Tennis Court: |
No |
| Balcony: |
No |
Gym/Sauna: |
No |
Terrace: |
No |
| Telephone: |
No |
Garage: |
No |
CableTV/Sat: |
No |
| Ocean View: |
No |
Lake View: |
No |
Mountain View: |
No |
| Ocean Front: |
No |
Lake Front: |
No |
Cellars: |
No |
| Swimming Pool: |
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Garden: |
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Parking: |
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