Apartment building in Remscheid with 65% vacancy

location_on 42859 Remscheid

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Object

Apartment building

Year of construction

≈ 1953

Land area

≈ 276 sqm

Units

5

Rental space

≈ 365 sqm

Vacancy

≈ 237 sqm

Annual net rent (is)

9.000 €

Annual net rent (should)

23.760 €

SEIL CIRCLE – Financing

Fixed interest rate 5 years 10 years 15 years
Monthly payment 1.136 € 1.014 € 1.087 €
Fixed borrowing rate 5 % 4.25 % 4.7 %
Effective annual interest rate 5.12 % 4.33 % 4.8 %
Remaining debt 172.630 € 146.311 € 110.145 €

Insurance

Year of construction 1961
Building type Apartment building
Total rental area 16,220 m2
Basis for calculation Value 1914
  Insurance offer -40%
Monthly insurance sum X,XXX €

Location & Surroundings

Remscheid, the toolmaking city nestled in the Bergisches Land region
Situated in the triangle formed by the cities of Wuppertal, Solingen, and Remscheid, is a city whose identity is deeply rooted in the tool and steel industries. Known as the "Seaport on the Mountain"—a nickname stemming from the global trade connections of Remscheid's toolmakers—the city boasts a rich industrial history.

Transport links

Remscheid lies in the heart of the Bergisches Land region and benefits from its direct connection to the Rhine-Ruhr and Rhine-Main metropolitan areas. Despite its topographically challenging location, this connection is well-organized and reliable.

Business

Remscheid's economy is historically deeply rooted in the production of tools and knives, earning it the title "German Tool City." Despite global competition and industrial restructuring, the metalworking industry still forms the backbone of the local economy, complemented by new service and development sectors.

Quality of life

Remscheid's quality of life is significantly shaped by its unique combination of natural beauty, affordable housing, and a strong industrial heritage. The city offers the advantages of a major city in the Bergisches Land region, without the hectic pace of metropolitan areas.

Infrastructure

Remscheid's infrastructure is strongly influenced by the topography of the Bergisches Land region and the industrial heritage of this toolmaking city. The city is making targeted investments in modernizing transport routes, digital networking, and especially in climate adaptation measures and improvements to its blue-green infrastructure.

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    Consulting/brokerage fee
    of 5.95% of the notarized purchase price including statutory VAT, payable by the buyer, due upon acquisition, after conclusion of the purchase agreement against invoicing.

    Your personal contact person

    Tobias Pföhler
    Senior Advisor Investment

    Email: tp@ seil .com
    Telephone: +49 171 176 13 74

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