Under an exclusive mandate, Aengevelt successfully brokered a fully let residential and commercial building in Düsseldorf-Flingern-Nord on behalf of a private individual. The property is located on Birkenstraße, an established address within the district.
The purchaser of the property is a local property company. The acquisition serves to specifically expand their portfolio and further develop the acquisition with added value. Confidentiality was agreed regarding the purchase price. The initial gross yield is indicated at approximately 4.8 per cent per annum.
Property details and location quality
The property comprises a total of ten units, divided into eight residential units and two commercial units, with a cumulative rental area of approximately 700 square metres. Fabio Mata, an expert from Aengevelt Düsseldorf's Investment & Development Team, who was responsible for the transaction, highlighted the specific property qualities. He explained that the acquiring company had been looking for a qualified investment to expand its local portfolio, which offered sound structural integrity and high letting security in Düsseldorf. The brokered residential and commercial building fully met these criteria.
- —Excellent location in the established and sought-after district of Flingern-Nord.
- —Broad range of local amenities in the immediate vicinity.
- —Very good connections to public transport (ÖPNV).
- —Potential for further value creation due to comparatively low rents in the surrounding area.
The property thus represents a sustainable investment. The achieved purchase price factor, which is 21 times the annual net cold rent, underscores the consistently high demand for such properties in popular residential and urban districts in the region.
The transaction demonstrates the ongoing attractiveness of properties in stable Düsseldorf locations for investors who focus on long-term values and development potential.
