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Apartment house in Leipzig

1,200,000 €
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Total area: 965 m² Yield: 6.0% Built in 1929
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Features
  • Absolute return: 78,723 €
  • Land area: 821 m²
  • 4-floor building
  • Percentage of the rented area: 100%
  • Most recent total renovation: 2001

Renovated apartment house in the southwest part of Leipzig.

965 m² of residential and commercial space on 821 m² area.

The commission for the buyer is 7,14%.

Description

Four-storey building was built in 1929. A large-scale renovation took place in 2001. The building is in good overall condition.

The house has 10 apartments with a total area of 637 m² and three commercial units. All spaces are fully leased.

The property has a garage and parking, which are also taken into account in annual revenue.

The apartments feature balconies, house is heated via gas central heating.

Yield

Absolute income is 78,723 €.

The current yield of 6.6%.

1,243 €/m² average.

The net rent price for commercial units is 9,63 €/m², for apartments — 5,08 €/m².

Location

Leipzig is one of the major transport hubs and economic centers in Germany, being the most populated city in Saxony. There is the famous Karl Heine Canal with many bridges and boathouses near the house.

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in Germany.

You can see more apartment buildings for sale in Leipzig elsewhere on our website.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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