House for sale • 606 m² without real estateGertrudisplatz 4 Düsseldorf Eller Nordrhein-Westfalen 40229

For sale is a fully leased residential and commercial building in a very good micro-location in Düsseldorf-Eller, right at Gertrudisplatz. The property is a classic existing investment for investors who are not looking for project development but rather a fully developed multi-family house with stable rental income and manageable operational effort.

The rental growth has largely been implemented by the owner in recent years. As a result, the property now offers a solid and resilient income level and an attractive factor from an investor's perspective. The property is offered directly by the owner and is therefore commission-free at a purchase price of EUR 1,700,000. The current annual net cold rent is approximately EUR 95,903, corresponding to a factor of about 17.75.

Property Description

The residential and commercial building is located in a prominent position directly at Gertrudisplatz in Düsseldorf-Eller. The building was constructed in the early 1970s, is fully basemented, and comprises a total of 8 rented units. The total rental area is around 606 m², divided among 6 apartments, 1 penthouse apartment in the attic, and 1 pharmacy on the ground floor. Currently, the property is entirely leased.

Particularly attractive is the mix of residential use and a long-term secured commercial component. The retail space on the ground floor, approximately 200 m², is leased to a pharmacy. The lease runs until September 2035, is indexed, and includes extension options for 2 additional periods of 5 years each, providing the property with a reliable and well-calculable cash flow. The property has been used as a pharmacy location for generations and thereby benefits from strong local anchorage.

The apartments have been continuously renovated during tenant turnovers in recent years, with bathrooms modernized and the overall property maintained. Four apartments feature balconies. The gable was insulated around 2006, and the basement area was extensively insulated along the exterior walls as early as 2002. Consequently, the property presents itself as an already developed and in key respects modernized asset.

The apartments were always renovated after tenant departures, partially modernized, and significant rental adjustments have already been implemented. Thus, the property is particularly interesting for buyers who value an immediately functioning asset with good rentability, a stable structure, and an attractive entry point.

Features / Highlights

• Fully leased residential and commercial building

• A total of 8 units

• 6 apartments, 1 penthouse apartment, 1 pharmacy

• Approximately 606 m² total rental area

• Annual net cold rent of approximately EUR 95,732

• Purchase price of EUR 1,700,000

• Factor of about 17.75

• Commission-free direct sale from the owner

• Long-term pharmacy lease until 09/2035 with extension options

• Ongoing renovations during tenant turnovers

• Modernized bathrooms in several units

• Four balconies at the rear of the building

• Gas central heating

• Energy efficiency class D, final energy demand 126.0 kWh/(m²a)

The property is located in Düsseldorf-Eller directly at Gertrudisplatz, an established and vibrant town center in the southeast of the state capital. The micro-location is characterized by a middle-class neighborhood, good local amenities, and an excellent infrastructure. Gumbertstraße, with numerous everyday shops, is only a few minutes' walk away. Public transportation connections are also excellent: S-Bahn, U-Bahn, tram, and bus are quickly accessible, as is the Düsseldorf-Süd highway interchange. For leisure, amenities such as Schlosspark Eller, Eller Forest, and Unterbacher See add to the appeal.

The property is ideally suited for investors looking to acquire a solid, already developed multi-family house with a stable commercial tenant and good rentability in Düsseldorf. The sale is conducted directly by the owner and is commission-free for the buyer.