General Data
Location: Schlosstrasse 77, Osnabrueck, Lower Saxonia
Plot: South Orientated Include: 1 building with 12 apartments, 12 cellars and 3 Garages. Pre-construction license for 3 apartments in roof floor. Pre-construction license for 12 additional garages.
Front and back South gardens and handyman room.
Total Area: 1221 sqm
Year of Construction: 1964
Apartments: 4 - 1 bed apartments 55 sqm, 3 with south terraces
8 - 2-bed apartments 78 sqm, 6 with south terraces
Quality wood windows and oil central heating
Annual Rental Income:
2001: €64.180
2002: €64.034
2003: €64.150
2004: €66.318
2005: €66.796
2006: €67.665
Additional Costs:
costs for 12 new garages: €31.120
costs for 3 new apartments: €98.000
Annual Rental Income:
3 new apartments: €21.600
12 new garages: €7.200
Actual Annual gross Yield: 6,7%
Potential Annual gross Yield: 8,65% (with 3 new apartments + 12 extra garages)
Potential Annual gross Yield: 10,2 % (2008 End of German rent restrictions)
Sales Price directly from owner: €975 per sqm
Mortgages available: 60% - 100%
Renovated + New Apartments sold individually: €2.300 - €2.800/sqm
Osnabrück in Germany’s Lower Saxonia has inhabitants 168.000 and it is the center of an area of 700.000. It is well-connected with it’s International Airport Osnabrueck/ Muenster, direct ICE Train Cross West/East from NL-Amsterdam to Berlin and North/South from DIKopenhagen to CH-Chur or I-Roma.
The same goes for the Autobahn. North/South A1 takes you from Scandinavia to Spain and the A30 from Amsterdam to Eastern Europe.
Osnabrück was founded in 783 by Charles Magne. It is called the “City of Peace”, as in 1643 the 30-year’s-war was settled there. The old historic part of Osnabrueck is beautifully renovated with nightlife attraction, numerous hotels, pubs, bars, restaurants, cafeterias and boutiques. Museums, theatres and Opera are in historic buildings.
Osnabrueck has a successful industry and famous car part production. The industrial port of Osnabrueck offers also a Marina for Yachting. Lakes and the Teutoburg forest are inviting to sports. The surrounds are famous for their horse breeding with International auctions.
The beautiful town-centered Schlosstrasse with old trees, is connecting the famous Spa “Moscow“ with the Castle of Osnabrueck and can be reached from Schlosstrasse 77 just at a few minutes walk. The town center is also at a walking distance.
Since it was built, the apartment building has a lovelynfront and back gardens beautifully maintained by a live-in handyman couple. The building is located in a quite andresidential area, yet in the town center.
Approximately 50% of the tenants live in Schlosstrasse 77 from the beginning.
A high-professional English-speaking Maintenance Company is servicing Schlosstrasse 77 more than 15 years.
