APARTMENT HOUSE IN SAXONY WITH POSSIBLE 14% YIELD

This property is a superb investment opportunity offering a classic period property with an excellent yield. The property dates back to 1889 though renovated in 1998. The apartment house offers five residential units, four of which are currently tenanted.

The apartments are sized between 49 - 79 m2 with a total floor area of 328m2. The three storey property is on a plot of 330m2.

The current yield is 11% however with the remaining unit tenanted the potential yield is 14% !! Finding a tenant for the remaining unit is not expected to be an issue.

This property is located in Werdau, 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 superb building is a terrific investment opportunity..........

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