high yeld low cost historical rennovated building Emmerich str 65 no commission. Asking Price : 240,000 € Net Living: 762 qm Land Space: 496 qm Type of House: apartment building Year of Construction : 1900 Rental Income per Year (€) : 24,768.00 € Amount of Floors : 3 Additional Informations :

Property Description:

House, Renovated, 762m2 Price: 175000.00 € (230.00 € / m2) rentable are: 762,00 m?2; land surface: 496,00 m?2; residential area: 484,00 m?2; commercial area: 278 number of floors: 3 current nettorent: 24.768,00 EUR potential nettorent: 29.568,00 EUR current yeld: 14,15% potential yeld: 16,89%

Location:

Görlitz is the sixth largest town in the state of Saxony and the most eastern town of Germany. The border river to Poland is the Neiße. On the east bank is the polish city Zgorzelec located. It is an independent city nowadays, after being one city together with Görlitz. The urban area of Görlitz consists of 60% green and open area. The city holds one of the best preserved old towns in middle Europe. Population: 56,000 Square kilometres: 67.22 Cities nearby: Cottbus (102,000 inhabitants) 80 km north-western, Dresden (500,000 inhabitants) 90 km western, Legnica/Poland (105,000 inhabitants) 80 km eastern, Berlin (3,400,000 inhabitants) 215 km north-western. Nowadays every tenth immigrant exceeds the age of 60 years. The cities´ ambiance, its cultural highlights and the low cost of living makes it such a popular place of retirement. Most of this pensioners are coming from the old West German states. Resident companies: Bombardier Transportation GmbH (producer of railway vehicles) Siemens AG (head office of its Power Generation division) Transportation: Railway: Görlitz is located within the railway line between Dresden and Wroclaw (Poland) as well as within the line Berlin-Cottbus-Görlitz-Zittau-Liberec. It takes a bit more than three hours to go to Berlin. Local public transport: Two tram lines and eight bus lines are existing. Air traffic: The towns´ airport is located 5 kilometres north eastern of the centre 3,800 students are enrolled at the University of Applied Sciences Zittau/Görlitz. 500 of them are foreigners. The distance between the two locations Zittau and Görlitz is 35 kilometres. The university was founded in 1992. International networks have established so that Görlitz became a location of education far beyond its own borders. Görlitz has an unknown benefactor. Via a lawyer from Munich this person lets transmit one million DM each year since 1995. The money is used to prettify the old town. The term 'Altstadtmillionen' (old town millions) established. Since the introduction of the Euro 511,500 € are arriving each year. Since 2004 the promoted objects are labelled with a badge.