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Historic apartment houses in Saxony

1,869,000 €
629 € /m²
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  • Total area
    2,969 m²
  • Yield
    7.0%
  • Built in 
    1900
Details
Financial performance
  • Annual income: 130,456 €
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.5%
  • Broker: 6.0% + VAT

It is a package of four apartment buildings in a city near the Polish border.

Description

The total building area is 2,969 m².

The property was constructed in 1900 and has been recently renovated with preservation of the original stucco details.

The houses acconodate apartments and commercial premises. All premises feature parquet floors.

The property is a historical monument and protected by the law.

There are only two vacant commercial premises and one apartment at the moment.

Financial performance

Absolute income is 130,456 €.

The current yield of 7%.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 3,5%.

The broker's fee of 6%.

Location

The property is situated in the city center.

Public transportation, shops, shopping centers and restaurants are in the immediate vicinity.

The city has an airport.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Saxony.

All ads in the country: apartment buildings for sale in Germany.

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    Marina Filichkina,
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