Fully let residential and commercial building in Düsseldorf-Eller, with a strong commercial tenant.

For sale is a fully rented residential and commercial building in a very good micro-location in Düsseldorf-Eller, directly on Gertrudisplatz. The property is a classic investment opportunity for investors who are not looking for project development, but rather a fully developed multi-family building with stable rental income and manageable operating costs. The owner has already largely implemented the rental development plan in recent years. As a result, the property today offers a solid and reliable level of returns, and an attractive factor from an investor's perspective. The property is being offered directly by the owner, and therefore is available for purchase at a price of €1,700,000 without commission. The current annual net cold rent is approximately €95,903, which corresponds to a factor of approximately 17.75.

Property Description:
The residential and commercial building is located in a prominent location directly on Gertrudisplatz in Düsseldorf-Eller. The building was constructed in the early 1970s, is fully underground, and comprises a total of 8 rented units. The total rental area is approximately 606 m² and is divided into 6 apartments, 1 maisonette apartment in the attic, and 1 pharmacy on the ground floor. Currently, the property is fully let. Its appeal lies in the combination of residential use and a long-term, secure commercial component. The ground-floor retail space, approximately 200 m², is leased to a pharmacy. The lease agreement runs until September 2035, includes an indexation clause, and also contains extension options for two periods of 5 years, providing the property with a reliable and predictable cash flow. The property has been used as a pharmacy location for generations and benefits from a strong local presence. The apartments have been continuously renovated and modernized over the years whenever tenants have moved out, and the overall condition of the property has been well-maintained. Four apartments have balconies. The gable was insulated around 2006, and the basement area was extensively insulated on the exterior walls in 2002. Therefore, the property presents itself as a well-developed asset with significant modernization already completed. The apartments have consistently been renovated after tenants move out, with some undergoing modernization, and key rent adjustments have already been implemented. This property is particularly attractive to buyers who value a fully operational asset with good rental potential, a stable structure, and an appealing investment opportunity.

Features / Highlights:
* Fully let residential and commercial building
* A total of 8 units
* 6 apartments, 1 maisonette apartment, 1 pharmacy
* Approximately 606 m² of total rentable area
* Annual net cold rent: approximately €95,732
* Purchase price: €1,700,000
* Yield: approximately 17.75
* Commission-free, directly from the owner
* Long-term lease agreement for the pharmacy until 09/2035, with renewal options
* Ongoing renovations upon tenant changes
* Modernized bathrooms in several units
* Four balconies at the rear of the building
* Gas central heating
* Energy efficiency class D, final energy demand: 126.0 kWh/(m²a)

The property is located in Düsseldorf-Eller, directly on Gertrudisplatz, a well-established and vibrant urban center in the southeastern part of the state capital. The immediate surroundings are characterized by a residential neighborhood, excellent local amenities, and a very well-maintained infrastructure. The Gumbertstraße, with its numerous shops offering everyday necessities, is just a few minutes' walk away. Access to public transportation is also very good: the S-Bahn (suburban railway), U-Bahn (subway), tram, and bus are all easily accessible, as is the Düsseldorf-Süd highway interchange. The area also offers recreational opportunities, including Schlossgarten Eller (Eller Castle Park), Eller Forst (Eller Forest), and Unterbacher See (Unterbach Lake).