Commercial apartment building in Geldern, Germany, 1 200 sq.m

An apartment building under construction in Kevelaer, North Rhine-Westphalia

Description

The house is located in the town of Kevelaer in the Twistaden district in the northwest of the federal state of North Rhine-Westphalia. It is a medium-sized town belonging to the Kleve district in the administrative district of Düsseldorf. The town is one of Germany's most famous and most visited Catholic pilgrimage destinations.

The residential building consists of 2 blocks comprising 10 flats with a total of 912 m² of living space and 10 parking spaces. The flats range in size from 71 m² to 115 m².

The building is constructed according to the latest technical specifications and barrier-free spaces both inside and outside the building. The target tenants are elderly people.
The average market rent in the new buildings in this area is €11-13/sqm.

Benefits:

• discount on broker's commission
• government grants to the building owner
• popular location among Germans
• shortage of new buildings in the area
• lack of similar properties
• high rental demand

The price includes:

parking spaces for 10 cars.
fully equipped parking area around the building
20 bicycle parking spaces

Basics:

• Plot Area: 252,37 m²
• Floor area: 1200 m²
• Living area: 912 m²
• Flat Area: 71 m² - 115 m²
• Number of flats: 10
• Number of parking spaces: 10

Completion scheduled for April-May 2022.

It is also possible to buy flats to rent out individually. Flats are available in the building: from 71.19 sqm to 115 sqm - priced between €212,500 and €340,500.