House for sale • 725 m² without real estate, North Rhine-Westphalia

For sale is a fully rented multi-family house (MFH) in the quiet area of Porta-Westfalica Costedt.

The front building, dating from 1925, has 8 residential units over three floors, and the rear building offers two additional residential units.

The rear building and the attic of the front building were constructed/expanded in the mid-1990s with public funds. The rent control expired at the end of 2025.

Currently, the property offers an attractive yield of 7.3% on the asking price with approximately EUR 70,000 NKM.

Upon purchase, a 12-month rental guarantee is provided if the apartments are not fully rented at that time.

As can be seen from the rental schedule, many apartments, with rental prices of under EUR 7 per square meter, still have significant development potential. In the medium term, a TARGET rent of at least EUR 82,000 per annum is realistically achievable (equivalent to roughly an 8.6% yield).

In the 1990s, significant value-preserving measures were carried out, including in particular the heating system with piping, window replacement, attic expansion, rebuilding of the rear building, etc.

In recent years, various renovations have been carried out in several apartments, such as bathroom renovations, painting and flooring work, etc.

The property provides a solid basis, although there will still be areas that require work in the coming years.

The property will still be surveyed, and the planned subdivision of the property is shown on the plot map available in the exposé.

Porta-Westfalica Costedt is idyllically located on the Weser and is a popular place to live for families and singles. The downtown area of Porta-Westfalica is reachable within minutes, and all daily life amenities are available in the surrounding area.

Imprint

Information pursuant to § 5 TMG

Govilla Invest GmbH

Heisch 1

24251 Osdorf

Commercial Register: HRB 18930

Register Court: Kiel

Represented by:

Gregor Baumgart

Contact

Phone: +4915117651294

Email: gregor@govilla.de

Supervisory Authority

Amt Dänischer Wohld

Karl-Kolbe-Platz 1

24214 Gettorf

http://www.amt-daenischer-wohl.de

EU Dispute Resolution

The European Commission provides a platform for online dispute resolution (OS):

https://ec.europa.eu/consumers/odr/.

You can find our email address in the imprint above.

Consumer Dispute Resolution/Universal Arbitration Board

We are not willing or obliged to participate in dispute resolution proceedings before a consumer arbitration board.