Investment (Residential) in Oberhausen, North Rhine - Westphalia for Sale

Residential house located in the centre of Oberhausen in a quiet area (~ 30 km from Düsseldorf Airport).

The house is in very good condition after a complete renovation.

Completed terrace with access to the courtyard. The attic and roof have been renovated and insulated. The facade has been fully insulated. Replaced the electrical wiring, water inlets and outlets. Replaced the heating. Windows have been replaced. Quality repairs have been carried out in the bathrooms (tiles, doors etc).

ROI ~6% (38 640€ / 640 000€).

Possible loan from a German bank of € 277.700

Bank rate (for non-residents) of 2.85% per annum - "strong" for 10 years! Loan is available from 2-3 to 20-30 years.

Profitability with bank leverage is ~8-9% depending on the term of the loan.

Largest companies and educational institutions in Oberhausen, whose employees and students are potential tenants:

• MAN Diesel & Turbo SE - production of diesel engines, gas, electric and other turbines
• GHH Rand Schraubenkompressoren GmbH - Compressors for industrial use and pneumatic equipment
• GHH Valdunes Gruppe - large producer of wheels, axles and brakes for railway technology
• Fahrzeuge GmbH - Production of tunnel driving vehicles and aircraft towing tractors.
• Babcock Borsig AG - design and manufacture of steam boilers and energy technology
• ELTEC - electronics and apparatus construction
• Lenord+Bauer GmbH - production of servomotors, sensors, control systems and automation of production processes
• CentrO - one of the largest shopping and leisure centres in North Rhine-Westphalia
• Ruhr Western University of Applied Sciences
• Medikon GmbH - training of highly qualified specialists in the fields of medicine, public health, psychology, social pedagogy and social work
• Fraunhofer Society Research Institute - for promoting applied research in the fields of the environment, life safety and energy