TENANTED APARTMENT HOUSE IN SAXONY
Behind this classic facade are eleven residential units offering 676m2 of floor space. The four storey property dates back to 1900 although modernised in 1996 and sits on a plot size of 390m2.
All but one of the apartments are tenanted and a contract is in place for the remaining unit commencing in May, 2009. The projected rental income at this time is 31,800 euros which would deliver a terrific yield of 9.3%. (The existing income exceeds 27,800 euros with a yield of 8.1%.)
Sebnitz is a pretty market town in a national park area in Saxony. The attractive, historical town has approx 9000 residents and is located 40km east of Dresden and approx 240km south of Berlin.
The area known as Saxon-Switzerland is typified by craggy hills, castles, woods and rivers very popular with tourists seeking outdoor pursuits.The area is famous for its sandstone which provided the material for a number of attractive buildings in Dresden as well as the famous Brandenburg Gate in Berlin.
Another great investment opportunity from your FrontLine Berlin Team...............


Size: 676- 0 m2

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