Investment property in Essen with massive development potential

location_on 45143 Essen

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Object

Residential/Commercial

Year of construction

≈ 1952

Units

28

Rental space

≈ 1,630sqm

of which WE

≈ 1,510sqm

of which GE

≈ 120sqm

Vacancy

≈ 810sqm

Land area

≈ 1,558sqm

Annual net rent (is)

63.000 €

Annual net rent (should)

105.000 €

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

Food is far more than simply providing calories to keep our bodies functioning. It is the foundation of our existence, a vibrant piece of cultural history, and often a reliable anchor for our souls. Whether it's our morning bread or an elaborate feast, food connects us all.

Transport links

Essen is the proud hub in the heart of the Ruhr region for good reason. Those who live here enjoy the luxury of an infrastructure that literally opens all doors. Instead of just talking about traffic, we could actually call it "maximum freedom".

Business

Over the past few decades, Essen has developed into one of the most impressive examples of successful structural change in Europe. Where coal and steel once dominated, a modern service and knowledge metropolis now pulsates. A look at Essen's economy reveals a fascinating blend of tradition and future vision.

Quality of life

Essen often surprises – especially those who only know the Ruhr region from old clichés. Anyone who lives in Essen quickly realizes: the quality of life here is an underestimated strength, made up of a mix of culture, nature, and a very down-to-earth mentality.

Infrastructure

Essen has undergone an impressive transformation in recent decades. The city is no longer just the center of the coal and steel industry, but has developed into a highly modern service, science, and energy hub. When one speaks of infrastructure in Essen today, one is referring to an entire ecosystem geared towards innovation and quality of life.

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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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