+44 20 3608 1267

Historic apartment houses in Saxony with a 7% yield

1,869,000 €
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Total area: 2,969 m² Profitability: 7.0 %
  • Absolute return: 130,456 €
  • Built in 1900
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.5 %
  • Broker: 7.1 %

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 7,14%.


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.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Saxony
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