Beautiful classic property in Leipzig-Südvorstadt (student area) with 7.3% yield!

General

Price: 840.000 €
Potential Rent per Year: 61.400 €
No of Commercial Units 2
Total Area: 852 sqm
Reference Number: 1488

Property

This classic Wilhelminian style building was built in 1870 and extensively refurbished in 1998. Refurbishments included the insulation of the facade, new windows, bathrooms and floors as well as new technical house installations (save one flat in the 2nd floor left). Each flat has balconies. A pub is located on the ground floor of the front building. The first floor of the front building and the rear building are used as a hostal which is run by the owner. The hostal contains 4 units (2 in the 1st floor front bldg. and 2 in the rear bldg.) which were originally planned as flats and could be reconverted. The property is completely let and has a central gas heating system.

Location

The building is approx. 1.5km south of the city-centre. The character of the district Südvorstadt which is directly bordering on the centre of the city, is stamped by upper class Wilhelminian houses. The new MDR building (Mitteldeutscher Rundfunk; engl: Central German Broadcasting), as well as some faculties of the University of Leipzig and numerous small enterprises are part of this district. What's more, to this district also belong alternative cultural institutions, the turf Scheibenholz, parts of the Clara-Zetkin park and of the Auenwald. This district is very popular not only among students, but generally considered a very good living area.

Other

Commission: 7.14% (incl. VAT) of purchase price to be paid by the buyer.