Refurbished apartment block in the center of Dresden

General

Price: 1.203.000 €
Potential Rent per Year: 86.000 €
No of Commercial Units 3
Total Area: 1.526 sqm
Reference Number: 1661

Property

The refurbished building accommodates 11 flats and 3 commercial units. One commercial unit (office) on the ground floor is presently vacant. The building is situated in a so called Sanierungsgebiet. The average rent is 4,5 Euro/m2. The market rent is 5,20 Euro/m2. Thus, there is a potential of ca. 15 %.

Location

The building is located in the trendy Neustadt of Dresden. In the neighbourhood one can find fancy restaurant, cafes, bars, art galeries and fashion boutiques. Public transport as well as local ameneties are in walking distance. The area is highly demanded by residential tenants.

Other

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