The town of Zingst is positioned on the peninsula of Fishchland-Darss-Zingst in the Baltic Sea. The area has seven beach resorts in which Zingst is the largest. Zingst is an area of outstanding natural beauty with very clean beaches. Tourism is growing strongly and property is scarce.
This portfolio comprises of 160 flats, 40 of which are let to the leading hotel in Zingst. The appartment complex enjoys a quasi-monopoly for lettings to key workers. There are ample opportunities to develop this portfolio further: The rents are still low, the entry yield for our clients was very high and there is a lot of spare rents that could be sold or developed. |
