Commercial property in Recklinghausen, Germany, 1 623 m²

Location & Building Overview

• Prime Central Location: Situated on the main street of Recklinghausen’s commercial hub, offering direct access to entertainment, business hubs, and medical facilities.

• Year Built: 1985 (reinforced concrete floors) | Floors: 5 | Elevator: Yes

• Mixed-Use: Combines residential and commercial spaces, with a focus on medical practices in the commercial units.

Renovations (2018–2023)

• Residential: 4 apartments fully renovated (2019–2023).

• Commercial: 2 medical practices upgraded (2021).

• Structural: Roof repairs (2018 + 2023), balcony renovations (2021–2023).

Layout & Features

• Total Area: 1,623 m²

  • Residential: 278.09 m² (4 apartments)

  • Commercial: 1,345 m² (6 premises)

• Parking: 10 dedicated spaces

Financial Performance

• Current Annual Income: €131,723.46 (6.04% yield)

• Potential Annual Income: €155,723.42 (7.14% yield)

Acquisition Details

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

  • Required Equity: €1,030,678

  • Net Yield After Loan Interest (2.7%): 12.4% (€155,723.42 / €1,030,678)

Investment Highlights

1. Prime Mixed-Use Asset: Ideal for investors seeking stable returns from medical tenants and residential occupancy.

2. Modern Upgrades: Recent renovations ensure low maintenance and tenant appeal.

3. Scalability: Boost income by filling vacancies or adjusting below-market rents.