Flat for sale 2+kk • 51 m² without real estateBochum Wattenscheid Nordrhein-Westfalen 44866

Attractive Investment Property with Approximately 7% Gross Rental Yield

This ground-floor apartment is a **solidly rented investment asset** with attractive conditions.

The current monthly rent is **€350.50** and has only recently been adjusted. In addition, the buyer will receive a **rental subsidy of €100 per month for the next three years**, thereby increasing the monthly income calculated for this period to **€450.50**.

The total rental subsidy of **€3,600** will be paid out to the buyer as a one-time payment after the purchase contract is finalized. After three years, there is the possibility to re-examine the further rent development and to hold a corresponding discussion with the tenant.

Taking this rental subsidy into account, the offered purchase price results in a **gross rental yield of approximately 7%**.

The multi-family house was recently divided under condominium law (WEG) and is **professionally managed**. The owner has already contributed **€11,000 to the maintenance reserve**. These funds are available to the homeowners’ association for future measures and may, for example, be used for a later facade renovation. **Special assessments are currently not planned.**

Initial improvements have also been made to the common property: **The entrance hall has been freshly painted and the doorbell system has been renewed.**

The attic has already been sold and will be expanded in the near future. The associated measures contribute to further enhancing the building and can also have a positive effect on its energy efficiency.

Additionally, the buyer receives a **remaining useful life appraisal with an annual depreciation possibility of at least 4%**.

Optionally, there is the possibility to purchase **a parking space or a garage in the courtyard** as well as, if desired, **additional apartments within the building**.

The Key Facts

- Current rent: **€350.50 per month**

- Rental subsidy: **€100 per month for 3 years**

- Calculated income during this period: **€450.50 per month**

- Payout of the rental subsidy: **€3,600 as a one-time payment after the purchase contract**

- Resulting in approximately **7% gross rental yield**

- Rent has been adjusted recently

- **€11,000 maintenance reserve** has already been contributed

- No special assessments currently planned

- Entrance hall freshly painted and doorbell system renewed

- Professional property management

- Attic expansion planned

- Remaining useful life appraisal with **a minimum of 4% depreciation**

- Parking space or garage available for purchase as an option

- Additional apartments in the building available

**Note on the Property Images:**

The images shown are **original photographs of the apartment**. To protect the privacy of the tenants, existing furniture and personal items have been digitally removed from the images for discretion. The spatial characteristics of the apartment have not been altered in this process.

I find this note on the images important, especially because the apartment is rented. This transparently explains why an occupied apartment appears empty in the photos.

The apartment is located in **Bochum-Wattenscheid**, a well-established and well-connected district in the western part of Bochum. Its location combines a functioning urban infrastructure with short distances to the surrounding Ruhr cities.

Wattenscheid offers numerous **shopping opportunities, doctors, pharmacies, schools, kindergartens, and facilities for daily needs**. In addition, there are plenty of dining options and leisure activities in the immediate vicinity.

A major advantage of the location is the **excellent transportation links**. Via the A40, both the Bochum city center as well as Essen, Gelsenkirchen, and other cities in the Ruhr area can be reached quickly. Furthermore, public transport is well-developed. Wattenscheid train station also offers a direct connection to regional rail services.

The district currently has approximately **74,000 residents**, making it one of the larger districts in Bochum. At the same time, the city continues to invest in the area: a **new station quarter** is planned around Wattenscheid station, featuring an upgrade of the station surroundings as well as new residential, work, and leisure opportunities.

Due to its central location within the Ruhr area, existing infrastructure, and excellent transport links, Wattenscheid offers **solid conditions for long-term rental occupancy** and is therefore particularly attractive for investment purposes.

Special Feature: 3-Year Rental Subsidy

The current base rent is **€350.50 per month**. In addition, the buyer will receive a **rental subsidy of €100 per month for three years**, resulting in calculated income of **€450.50 per month**.

The total amount of **€3,600 will be paid out as a one-time payment after the purchase contract is finalized**. This translates into a **gross rental yield of approximately 7%** for this period.