Repossessed Commercial Property Valued at €853,000 - Can be bought for â?¬560,000. Giving 5.9% Yield only 40% Rented. Overall Floor Area: 2396 Sq. Metres (25,781 Sq. Feet)

The offer encloses a complex of office - and social building built in 1960.

Repossessed by a bank, so they have not been active in looking for new tenants.

However, at the moment approx.40% of the surfaces are rented.

The rent is currently 32.900 € p.a.

Recently some new tenants have been signed up, for approx. 300 m ?2; new contracts have been closed.

Within a few months the yield will clearly reach more than 10%.

The property is located in the outskirts of Dresden in a small industrial area.

The main tenant there is a sports studio.

There is plenty of parking space on the property.

The plot size is 4.594 m2.

A valuation report ordered by the bank values this property at € 853.000.