Property For Sale In Leipzig - Freistaat Sachsen

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Other Description

TENANTED APARTMENT HOUSE - 7.9% YIELD, LEIPZIG

This beautiful corner-site apartment house is in Leipzig - one of Germany?s most attractive cities. The building comprises of 8 residential (701m2) and 2 commercial (160m2) units. The property is a period building dating back to 1903 and has subsequently been modernized during 1992-4 with the staircase particularly in 2004. The property has a wealth of period features including typically parquet or wood strip floors, refurbished period doors, high stucco ceilings, etc. In addition the building has a cellar and the apartments have fitted security systems.

Leipzig, the largest city in Saxony, has a population in excess of 500,000 and continues to complete its renaissance since the dark days of the second world war and under East German rule. Now the city is a vibrant tourist hot-spot with stylish shops, world-class cultural events, superb educational facilities and comprehensive shopping and recreational options. This beautiful regional capital city has a wealth of attractions including an historic old-town area.

The tenanted property has a rental income exceeding 45,000 euros annually which delivers a very attractive yield of 7.9%. The investment is being sold at the very attractive price per m2 of only 681 euros.