HIGH YIELD, HIGH STREET PROPERTY - WERDAU, SAXONY

This attractive two storey property is located in the high street of Werdau - an attractive market town in rural Saxony. The property dates back to 1905 and was modernised in 1992 to create three, ground floor commercial units (149m2) and one , first floor residential unit (64m2). Two of the ground floor units are high street retail units - one a florist , the other an engraver. All units are tenanted with a yearly rental income exceeding 18,000 euros which delivers an attractive yield of 12% !! The total floor area is 213m2 which is being sold at the very competitive price of 719 euros per m2.

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.

HIGH YIELD, HIGH STREET PROPERTY ? WERDAU, SAXONY

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

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