Commercial property in Herten, Germany, 1 690 m²

Full Property Description:

Key Financial Overview

• Full Market Value: €1,359,938

• Acquisition Option: Purchase via company takeover (existing loan transferable).

  • Required Investor Equity: €819,696

  • Assumed Loan: Transferred to the new owner.

Current Financial Performance:

• Annual Income (Actual): €82,296

  • Return on Equity: 10.03% (€82,296 / €819,696)

  • Net Yield After Loan Interest (2.7%): 7.33%

Projected Financial Performance (Full Occupancy):

• Potential Annual Income: €107,739.96

  • Return on Equity: 15.53% (€107,739.96 / €819,696)

  • Net Yield After Loan Interest (2.7%): 12.83%

Property Highlights

• Location: Prime residential area near Ruhar Park shopping center, adjacent to green parkland.

• Year Built/Renovated: 1951 (reinforced concrete floors) / 2020–2023 upgrades.

• Total Area: 1,690 m² | Land Plot: Included in sale

• Layout:

  • 12 commercial units

  • 13 parking spaces

  • Apartments with large balconies/terraces

  • English-style courtyard with office spaces (ideal for remote workers)

Recent Upgrades:

• New heating systems (2022)

• Office renovations (2021)

• Updated electrical wiring (2024)

• Gas heating

Amenities:

• Spacious, lush garden (tenants’ exclusive use)

• Proximity to supermarkets and green spaces

• Quiet, park-facing views

Rental Potential

• Current Status: Nearly fully rented.

• Upside Opportunity:

  • Rent increases for long-term tenants (below-market rates).

  • Finalizing lease agreements for remaining units.