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.
Altenhagen is the oldest part of the City of Hagen. In this part many industrial families used to have their residence. Altenhagen was spared of heavy bombings during the second World War, which results in a great presence of buildings with majestic facades. Different social economic programs have revalued this city district.
Düppelstrasse is situated in a central and quiet part of Altenhagen.
Price = EUR 587,867.
Rental income = EUR 35,272.
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 arrange a meeting with the owner.