Premium investment in Zooviertel with immediate returns

€545,000
  • 3 Rooms
  • 2 Bedrooms
  • 1 Bathroom
  • ~120 m² Living area
  • Construction year 1971

Description

Sofort yield & value-add potential on Schillerstrasse. In a sought-after central location in Düsseldorf, this spacious, high-quality three-room apartment presents itself as an attractive investment with a long-term perspective. The property is on the third floor of a four-unit building, is conveniently accessible by elevator, and is in a continuously well-maintained condition. The apartment offers approx. 120 m² of living space and impresses with a classic, highly functional layout, a very well-kept overall appearance, and high-end fittings. Two of the rooms are located at the front of the building with a south-east orientation and are currently used as a bedroom and guest room. The expansive living room faces the inner courtyard with mature trees. A generous balcony of approx. 16 m², partially covered and oriented to the north-west, offers relaxation and quiet in the afternoon sun and invites you to spend mild summer evenings with guests. The sale is carried out within a structured sale-and-leaseback model. The current owner places great value on a long-term secured living environment, remains in the apartment as a tenant after the sale, and enters into a lawyer-reviewed lease agreement. The expected net cold rent has been set at €17/m². No registered right of residence (dingliches Wohnrecht) will be recorded, ensuring the property remains flexible in the long term. For investors, this offers the rare combination of immediate cash flow (net cold rent: €2,040/month), a long-term secured tenancy, and attractive development potential with manageable renovation work after the tenancy ends. As of today, any later modernization requirement is essentially limited to the bathroom and kitchen.

Features
BalconyBasementBuilt-in kitchenElevatorGreen viewGuest toilet
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Engel & Völkers Rheinland MMC

Your advisor: Michael Sieger

Property ID: W-02Z7LH

Property details
  • Object type

    Flat

  • Rooms

    3

  • Bedrooms

    2

  • Bathrooms

    1

  • Floor

    3

  • Number of Floors

    4

  • Living area

    ~120 m²

  • Flooring

    Parquet, Stone

Energy efficiency information
  • Construction year

    1971

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Final Energy Consumption

    129 kWh/m²a

  • Type of heating

    Radiator

  • Energy source

    Oil heating

  • Energy includes hot water

    No

Location: Düsseltal, Düsseldorf

The Zoo District has been one of Düsseldorf’s most sought-after and prestigious residential areas for generations. Close to the city center, it offers the highly desired character of a vibrant residential quarter, shaped by city villas and exclusive condominiums. The well-known Schillerplatz is located directly by the building and provides a pleasant focal point of this neighborhood. The area around Schillerstraße is popular with families; within walking distance are schools and kindergartens as well as various shopping options. Away from aircraft noise and motorways, you enjoy an attractive setting that, among other things, contributes to the high value stability of this urban location. Connections to public transport and to the motorways heading north and south are excellent, and the airport is also easy to reach. Shopping options—not only for daily needs—are available on the popular nearby Rethelstraße. Doctors of all specialties, kindergartens, primary schools, and reputable secondary schools can be found in the immediate vicinity, as can tennis, hockey, and golf clubs. The city center with the famous Königsallee (King’s Avenue) and cultural institutions can also be reached within a few minutes’ drive. The condominium offered here is located on the quiet and spacious Schillerstraße in the heart of the Zoo District, surrounded by stately houses on park-like plots. Overall, an exclusive and value-stable residential location in the heart of the state capital.

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