SAXONY WERDAU - TENANTED APARTMENT HOUSE WITH 12.6% YIELD This attractive apartment house dates back to 1908 and was subsequently modernised in 1997. The property comprises of four residential apartments and one commercial unit with a total floor area of 290m2. The property is fully tenanted and delivers an annual rental income in excess of 13,900 euros which equates to a yield of 12.6%. The apartment house is located in Steinpleis, a district 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. This high-yield property is available at a price of only 379 euros per m2!!

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