Want to sell your overseas property? Want to advertise your holiday home to rent to 40 million possible renters. Contact us on info@myoverseasproperty.ie
Location: The property is centrally located in Rostock’s Steintor Vorstadt, a residential area mostly sporting period multi-storey terrace buildings. Popular residential area with easy access to city center, amenities, motorway, hospitals & shopping.
Description: Built in 1900, basement, fully renovated in 2000. Total living area 237 m².
Furnishings: Baths, built-in kitchens throughout, tiled throughout. All apartments with either bath or shower units, bathrooms with new windows, new windows throughout, Laminate flooring, south-east facing balconies & roof terraces, Gas central heating with warm water storage system, bicycle storage room, landscaped backyard.
Layout: *4 three-room apartments / *approx 366 m² total living space
Rental income: *Target rental income p.a. 27.559,00 € *Actual rental income p.a. 27.559,00 €
Purchase Price: 350.000,00 € = 8% yield
Purchase Costs: Notary 2%, Land Registry Tax 3.5%, legal costs