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Property for sale information
€1.05 / 6% yield Frankfurt, Germany, fully let apartment building with 12 units.
Excellent strategic location, two streets away from Zeil the biggest shopping street in Frankfurt only two underground stops from the Willy-Brandt-Plazt where the European Central Bank is based, in the heart of the financial district.
This is a modern six-storey building with extensive storage space for tenants; each apartment has its own balcony. The heating system was installed in the mid-1990s. Fully let to a mix of tenants including professionals and students on standard residential leases.
This investment is in a prime location in Frankfurt, in one of the most stylish and vibrant areas of the city, which is sought after by young professionals, making it a key location for an investment property.
The Frankfurt metropolitan area has a population of 5m; the second largest in Germany. Frankfurt is one of the wealthiest cities in Europe, and is considered the most affluent, with the highest earnings per head of any city. It is the financial centre of not only Germany but also Europe: the location of European Central Bank headquarters and 300 other banks, it also has more lawyers per head than any other city in Europe. There is, therefore, a very strong rental market from young professionals and students. Buying in Frankfurt is like buying in London ten years ago, the city has the same characteristics and offers excellent value.
The west of Germany is a mature affluent market, which allows investors the ability to sell their property on to the local population. Germany is the third largest economy in the world and the main driver of the Eurozone economy. Property here is at the bottom of the property cycle and offers the best opportunity to secure very good value - effectively at mid-nineties prices.