Dortmund - Ostwall, Düsseldorf, Nordhein-Westfalen/ North Rhin, Germany

€1,895,000 - Finance this property from €5,509 per month *

House For Sale

1 Bedroom, 1 Bathroom

Contact Name: Erika Treutler
Phone: 086-1220682
Phone Between Hours: any time between 10 am and 5 pm

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Features:

• Separated ownership papers for individual residential and commercial units
• Build in 1965 and core renovated in 1999
• Yearly rental income is €162,015.- giving a yield of 8.55%
• 1,807 sqm (19,450 sqft) of which 640 sqm are commercial and 693 sqm are residential
• Top location in Dortmund City Centre, between main pedestrianiesed shopping street and the court and lawyers district

The building is located in midpoint between the main pedestrianiesed shopping street in Dortmund and its court and lawyers district.
There are 2 commercial units on the groundfoor (480sqm), of which one is Subway, 1 commercial unit (a night club) in the basement (160 sqm) and the upper floors are made up of 29 apartments of which 693 sqm are let unfurnished and 474 sqm are let partly furnished.
The yearly rental income is € 69,600.- from the commercial units (43%) and €92,415.- from the residential units. All are fully let, giving a yield of 8.55%. Further details on request.
Purchasing cost in Dortmund are 3.5% Stamp Duty, 1.5% Notary fee and a 3% finders fee. A survey is not obligatory but strongly advisable.
I am a native of Dortmund and can assist you in negotiations and purchase of property, dealings with Notary, banks and Stamp Duty, hand over, getting surveyor report, finance and introduction to respectful and reliable management company and accountncy firm, and long term I can offer support with rental income and on going dealings with banks.
The units are registered in the Registration office on separated ownership papers and could be sold as individual units.

Additional photos:

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* Note: All repayment calculations provided by the calculator are intended to be taken as a guide indication only. Accurate costs and loan terms & conditions can only be obtained by contacting a qualified MortgageLine staff member. Warning: You may have to pay charges if you pay off a fixed rate loan early. Warning: The cost of your monthly repayments may increase - if you do not keep up your repayments you may lose your home. If you do not have equity available in an Irish property you may not be eligible for finance.