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Property for sale information
€483,000 beautifully renovated period building with four apartments fully let at 5.6% yield in the vibrant Nordend area of Frankfurt city centre.
Nordend one of the most sought after areas of Frankfurt city centre popular with young professionals. This period building from 1900 has recently been fully renovated and has planning permission for the addition of balconies.
The net rent per annum is €27,000 a 5.6% yield. All apartments are of the highest quality and come with new kitchens, new bathrooms and new wooden floors.
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.