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Aengevelt is brokering the sale of a fully let apartment building including underground parking in Düsseldorf's Zooviertel on the exclusive mandate of a community of heirs. In total, the building has a total lettable area of around 1,100 m². The buyer is a well-known Rhineland family office, which acquired the property to expand its local portfolio. The purchase price was not disclosed. The gross initial yield is stated at around 4.5% p.a.
"The comprehensively modernised apartment building from the 80s is located in a prime location in Düsseldorf's highly sought-after Zooviertel with an attractive, communal garden and large underground car park and, thanks to various public transport stops in the immediate vicinity, has excellent connections to Düsseldorf's city centre. In addition, the property offers attractive development and value appreciation potential. The local buyer immediately recognized this and consistently secured the property," explains Fabio Mata from the Investment & Development team at Aengevelt Düsseldorf.
