Code: FBVS1305

Price: €195833

Offer: Tenanted apartment building with one vacant office with a 12% yield.

Location: Werdau in Saxony, Germany

Rooms: 2 commercial units, 7 apartments

Star Rating:

Management:

Description:

APARTMENT HOUSE WITH 12% YIELD - SAXONY

This attractive apartment house is located in the pretty market town of Werdau in Saxony. Werdau is a typical residential town in Saxony located 50km east of Chemnitz and 80km south of Leipzig. The town, situated on the River Pleisse, has a population exceeding 23,000 with a history associated with textiles but more recently with precision engineering linked to the automobile industry. In addition the town is a tourist attraction set amongst the green rolling hills of Saxony.

The apartment house comprises of two commercial (347m2) and seven residential units (430m2). All units are tenanted with the exception of one commercial unit - an office (75m2). The property dates back to 1922 however was modernized in 1992/3. The rental income exceeds 23,500 euros per year which equates to a terrific yield of 12%.

This property has a prime, town centre location near to the main office and shopping areas and adjacent to the beautiful town hall. This is a terrific investment property available at only 252 euros per m2 !!

Markt, 08412 Werdau

Type

Position

Size m²

State

cold rent p.a.

commercial

groundfloor

272.00

tenanted

commercial

attic

75.00

vacant

7 residential units

430.00

tenanted

Total

777.00

23,500.68 €

Amazing investment for under 200 000 euros

Location: City/Town
Region: Saxony
Property Type: Resale
Category: Investment
Bedrooms:
Bathrooms:
Swimming Pool: No
Outside Areas: No

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