Sale in less than two months thanks to comprehensive due diligence.
Greater Düsseldorf area: Aengevelt brokers residential investment with 3,200 m² of living space.
A Düsseldorf portfolio holder, which is restructuring its portfolio and concentrating on the state capital, commissioned Aengevelt Immobilien exclusively with the sale of several fully let apartment buildings in the city of Viersen, west of Düsseldorf. The properties, which were built in the 1960s, comprise around 50 residential units with a total lettable area of around 3,200 m². The buyers are private investors who are further expanding their regional portfolio with the acquisition. The purchase price was not disclosed. The gross initial yield is stated at around 6.7% p.a.
“The apartment buildings are located in a popular, quiet residential area in the Viersen district of Dülken and have a good range of restaurants and retail facilities in the immediate vicinity as well as various public transport connections to the centre of Viersen and Mönchengladbach. At the same time, the apartments with an average size of around 65 m² meet a wide demand and offer very good rental potential. Overall, the properties therefore represent a sustainable investment,” explains Tobias Assenmacher, deputy head of the Aengevelt investment team.
“As part of our targeted market approach, the buyer immediately recognised the potential of the properties and resolutely secured them. Accordingly, less than two months passed between the start of the offer and the notary appointment. A procedure for pollutant testing and detailed description of the condition of the building, which was jointly developed by TÜV and Aengevelt, especially for existing buildings of such age groups, also contributed to this: This made it possible to determine exactly the quality of the properties, any necessary renovation measures, expansion potential, etc. and thus also a price in line with the market and significantly shorten the sales negotiations. Accordingly, we recommend that all owners of comparable residential properties carry out such a check in advance if they are interested in selling, as this creates the optimal basis for a sale,” adds Fabia Mata from Aengevelt’s Investment & Development team in Düsseldorf.
