Apartment - Flat In Dresden - Propertyshowrooms.com

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Apartment/Flat Description

FIVE APARTMENTS IN DRESDEN

We have available a package of five apartments in this apartment house in Dresden. The building has a total of ten residential units over five storeys. The apartments are both one and two bedroom units with the top floors having additional roof space. The apartments range in size between 57 - 113 m2 and the total floor area is 380m2. All apartments have central heating with three having fitted kitchens and one unit is a maisonette.

The five units are tenanted producing an annual net income in excess of 19500 euros, equivalent to a net yield of 5.1%. These apartments are available at a very competative price of less than a 1000 euros per m2.

The property is located in central Dresden. The city, with a population exceeding 500,000, is the capital city of the German Federal Free State of Saxony. It is situated in a valley on the River Elbe. The Dresden conurbation is part of the Saxon Triangle metropolitan area. The nearest German cities are Chemnitz (80 km to the southwest), Leipzig (100 km to the northwest) and Berlin (200 km to the north).

Since German reunification in 1990, Dresden has emerged as a cultural, political, and economic centre in the eastern part of Germany. Three major sectors can be seen as dominating the Dresden economy: the semiconductor industry, the pharmaceutical sector and mechanical and electrical engineering. Tourism is another sector of the economy enjoying high revenue and many employees. There are 87 hotels in Dresden, a noted site for heritage tourism.

This property represents an excellent opportunity to invest in the strengthening market of Dresden.