Characteristics

• 10 apartments + 2 works places
• Habitable surface: 651 m2
• Plot surface: 343 m2
• Building year: 1932
• Rebuilt: 1952
• Refurbishment: 2014
• Central heating system (gas)
• PVC windows with isolation glass (KS-ISO)
• New electricity, water pipes
• New bathrooms
• Common yard with annex building

Hagen

Hagen is a university city in the south-eastern part of the Ruhr area, also called “The city of the open university” or “The gateway to Sauerland”. The latter is thanks to the excellent connection capabilities with the rest of the Ruhr area. Hagen is an important liaison between the Ruhr and South Westphalia. The city is a member of the regional union of Westphalia – Lippe and Ruhr.

Hagen holds different province and district services as well as the labour court and different supra regional institutions, governments and administrative bodies. Hagen counts 187,477 inhabitants.

The Augustastrasse is located in the Wehringhausen district. Wheringhausen is a real popular neighbourhood with beautiful old buildings and full of heartiness.
In 1962 the multinational VARTA Batterien AG was founded in Wehringhausen; a world leading battery producer.

Procedure

Price = EUR 634,017.

Rental income = EUR 38,041.

This property is part of a total German real estate portfolio of EUR 7,670,267 with a total yield of 6%. The total portfolio can be purchased also.

After a NDA we have more information available and can we arrange a meeting with the owner.