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Apartment houses in Leipzig with a 2,8% yield

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Apartment houses in Leipzig with a 2,8% yield

2,600,000 €
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Total area: 4,039 m² Yield: 2.8%
  • Absolute return: 71,712 €
  • Land area: 1,860 m²
  • Built in 1905
  • 6-floor building
  • Number of parking lots: 20
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 7.1%
  • Total apartments: 37

It is two apartment houses in the northern part of the city center.

Description

The houses with a total area of 4,039 m² were built in 1905.

The plot of 1,860 m².

The area of the first house is 1,261 m², it accomodates 14 apartments, which are fully leased.

The second house accommodates 23 apartments and commercial premises, its area is 2,778 m². Commercial units were previously leased out to dental clinic, but currently are vacant, there is a possibility to redevelop it into the apartments. Some apartments in this house are also vacant.

There was a huge renovation in 1990s: installation of the elevators, roof and facade repair, insulation, stairs maintenance, installation of central heating, modern wiring and communications. All apartments are suitable for people with disabilities.

There are 20 parking spaces in the courtyard.

Financial performance

Absolute income is 71,712 €.

The current yield of 2,8%.

Location

Leipzig is the largest city in Saxony, it is famous for its university and exhibitions.

Real Estate in Leipzig is growing rapidly every year due to the influx of the younger generation to the universities.

The proposed houses are located in the city center, which provides a steady flow of tenants.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
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