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One Bed German Property Available To Buy
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BARGAIN PRICE - TENANTED APARTMENT HOUSE - NORTH GERMANY

This reconstructed apartment house has seven residential units over four floors within 1km of the famous Schwerin Castle. The attractive facade houses apartments ranging in size from 36 - 89 m2 with a total residential floor area of 355m2. The apartments are all tenanted producing a net annual rental income exceeding 23500 euros which delivers an attractive yield of 6.2%. In addition the property is available at the bargain price of only 1077 euros per m2.

Schwerin is a city in northern Germany and the capital of the state Mecklenburg-Vorpommern. The population as of mid-2006 was 96,542. The city is situated 210km north-west of Berlin and 110km east of Hamburg. Schwerin is surrounded by many picturesque lakes. The largest of these lakes, the Schweriner See, has an area of 60 km2. The landmark of the city is the Schwerin Castle, located on an island in the lake of the same name (Schweriner See). It was for centuries the residence of the Dukes of Mecklenburg and today is the seat of the Landtag (state parliament).

This superb apartment house is an excellent investment package..........



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€382,375  |  £317,448  |  US$507,565
(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 531658 
Town Schwerin 
Province Brandenburg 
Country Germany  
Type Other
Bedrooms 1 
Build Size 355 
Category Re-Sale  
Listed over 1 year ago
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Purchase this Other in Schwerin for

€770p/m

(60% LTV, 5% Interest Rate, 25 years)

(Subject to status. Information given for guidance purposes only.)

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