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Historic apartment houses in Saxony

1,869,000 €
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Total area: 2,969 m² Yield: 7.0% Built in 1900
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Features
  • Operating Incomе: 130,456 €
  • 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%.

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 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 Saxony elsewhere on our website.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services