Property to Buy in Saxony-anhalt - Germany

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Other Description

RURAL DETACHED VILLA WITH 10.4% YIELD

We have available a fabulous, large detached villa in a wonderfull rural setting in the town of Sandau. The property is located approx. 100 km north-west of Berlin in a quiet and idyllic rural setting. The area is close to the River Elbe as it winds its way to Hamburg. This area of the north German plain is prime agricultural land typified by farms and small rural villages and towns. The beautiful Elbetal Nature Park lies to the north of Sandau. The town of Sandau is in Sachsen-Anhalt situated on the right bank of the River Elbe and has a population of approx. 1000.

The detached villa dates from 1938 and is built on a large plot of 660m2. The property has a huge floor area of 308m2. The building offers huge scope for the incorporation of apartments (holiday homes?), commercial premises or a spacious family house. The property would be ideal for an owner seeking space for both office accommodation together with attractive living space. The property has an attic and cellar which could be further developed. The villa has gas central heating, insulated windows and car parking space. The large plot size offers further expansion if required.

The property currently houses a doctor?s practice which delivers an annual rental income of 12,000 euros occupying 154 m2 on the ground floor. This equates to a terrific yield of 10.4%. The current lease with the Doctor continues until December, 2010 and thererafter can be terminated with six months notice. In addition there is a vacant apartment on the first floor (154m2) together with the attic which could obviously used by the new owner. The apartment and attic require refurbishment. Oh and there?s a garden house also.If you are seeking a development project with tremendous possibilities and options then this could be for you!!