Apartment Block in Saxony, Aue (KIKF-T154)

Tell your friends about this real estate listing     Imprimer

This magnificent period property dates back to 1915. Subsequently modernised in the 90s the building is on a plot size of 920m².The four storey property comprises of 27 commercial (1808m2) and one residential unit (72m2). The total floor area is 1880m2 and the property has central heating. Currently eight of the commercial units are vacant.The commercial property delivers an annual rental income of 45,691 euros equivalent to an excellent, current yield of 11% !!With all units tenanted the property should deliver 69,529 euros or a yield of 16.8% !!The property is in Aue which is a town in the Free State of Saxony, Germany, with 18,000 inhabitants. Today, it is developing its tourism industry and is located close to a large national park area. Historically a mining town which had been known for its copper, titanium, and kaolinite, which was used for Meissen porcelain. Aue was a centre of engineering and cutlery during the German Democratic Republic. Aue is situated 30km south-west of Chemnitz and 110km south of Leipzig.These excellent rental returns are available for a purchase price of only 220 euros per m²..........

0 fan(s)
(I like it)

The reviewers recommend this real estate listing for :

Contact		Rate & review
Order a brochure		Add to my shortlist