Investment Opportunity: 18 Rented Garage Boxes and 6 Storage Units in Winschoten
Key Features
Description
This investment property located in Winschoten offers a unique opportunity for investors seeking stable rental income. The property comprises 18 garage boxes and 6 storage units, all of which are currently rented out, providing immediate rental income from day one of ownership. The property is situated at Engelstilstraat 62 t/m 62W in the Winschoten-Centrum area, with a total plot size of 1,103 square meters according to the full description, while the listed cadastral data shows 1,003 square meters.
Winschoten is a town in the province of Groningen in the northeastern Netherlands. The property is located in a quiet residential neighborhood, offering a peaceful setting while maintaining excellent accessibility. The location is well connected to major highways, making it easily reachable for tenants who may use the garage boxes for vehicle storage or the storage units for personal belongings. The area offers sufficient parking facilities in the vicinity.
Local amenities such as supermarkets and public transportation options are quickly and easily accessible from the property location. This convenient access to essential services adds to the attractiveness of the garage boxes and storage units for potential tenants, contributing to the already achieved full occupancy rate.
The property generates an annual rental income of approximately €25,000. With an asking price of €275,000 (kosten koper, meaning the buyer pays the transfer costs), this represents a gross yield of approximately 9.1%, which is an attractive return for a fully rented commercial property with multiple income streams spread across 24 individual units.
The diversification of tenants across 24 separate units reduces the risk of vacancy significantly compared to a single tenant property. Even if one or two units become vacant temporarily, the majority of the rental income would remain stable. The current status of all units being rented demonstrates the strong demand for this type of storage space in the Winschoten area.
The property is classified as existing construction, meaning it has been built and established for some time. The ownership situation is full ownership (volle eigendom), giving the buyer complete control over the property without leasehold or other complicated ownership structures.
The cadastral data identifies the property as WINSCHOTEN H 1593. This information can be used to verify the exact boundaries and legal description of the property through the kadaster (Dutch land registry office).
For investors looking to expand their portfolio with a hands off, income generating property, this listing presents a compelling option. The combination of full occupancy, multiple small tenants, good location accessibility, and solid yield makes this an attractive investment opportunity in the Dutch real estate market.
The property was listed on Funda, the primary real estate platform in the Netherlands, and received 525 views and was saved by 10 potential buyers, indicating reasonable market interest. The listing status shows as sold (verkocht), meaning a buyer has already been found for this investment opportunity.