Very good yield from a residential and commercial building in important center
Price: 1,490,000 euros
Yield / Rental / Maintenance field value: 9.7%
This property promises very good yield from a solid, residential and commercial building that is currently owned by an insurance company. It is well situated in a bustling pedestrian zone which demands the highest retail rents in Ludwigshafen. The well maintained property has 15 apartments, a medical office and a large store front -- 256 m² -- occupied by a prime, renowned commercial tenant.
Ludwigshafen is a major center of the German chemical industry and a river port. It lies opposite Mannheim on the Rhine, about 22 minutes from Heidelberg and less than an hour from Frankfurt International airport. Ludwigshafen Enjoys excellent transport connections throughout the thriving Rhine-Neckar Region for which it is an important metropolitan center. The region is home to many of Germany’s famously successful small and middle-sized businesses as well as to numerous multi-national companies.
The headquarters of the international chemical giant BASF is located in Ludwigshafenn, where it operates the single largest chemical production facility in the world. As reported by Reuters, BASF just recently announced its intention to expand its production capacity in Ludigshafen and to invest one billion Euros there in production and administration properties, one of the company's largest ever investments in Germany.