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Apartment house in Leipzig

1,650,000 €
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Total area: 1,822 m² Yield: 5.0% Built in 1900
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Features
  • Absolute return: 85,666 €
  • Land area: 650 m²
  • 5-floor building
  • Percentage of the rented area: 100%

Renovated apartment house in the center of Leipzig.

1,822 m² of residential and commercial space on 650 m² area.

The commission for the buyer is 7,14%.

Description

The five-storey corner building was built in the early XX century, and is in good condition.

The house has 20 apartments with a total area of 1,702 m², and two commercial units. All the space is rented.

Attic has been already remade for residential purposes. The apartments have parquet floors, partly laminated, partly stucco ceilings. The house has two stairs, starting at the common hallway, retained old style details, such as cassette doors.

The property is heated via gas cental.

Yield

Absolute income is 85,666 €.

Projected income is 93,602 €.

The current yield of 5,2%.

The projected yield of 5,7%.

Infrastructure

Shops, schools and public transport are in the immediate vicinity of the house.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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