1 Bedroom Property In Sebnitz - Freistaat Sachsen

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Other Description

APARTMENT HOUSE WITH 16.7% YIELD !!

This attractive apartment house is located in Sebnitz, Saxony which is a pretty market town in a national park area. The property comprises of nine residential units (653m2) of with four are tenanted and five are currently vacant. The apartment house is partly modernised.

The five storey building is on a plot size of 870m2 and has an actual rental income in excess of 15000 euros which equates to a very healthy yield of 16.7%.

With all units tenanted the estimated rental income would be in excess of 27000 euros with a potential yield of 30% !!

Sebnitz is a pretty market town in national park area in Saxony. The area known as Saxon-Switzerland is typified by craggy hills, castles, woods and rivers very popular with tourists seeking outdoor pursuits. The attractive, historical town of Sebnitz has approx 9000 residents and is located 40km east of Dresden and approx 240km south of Berlin. The area is famous for its sandstone which provided the material for a number of attractive buildings in Dresden as well as the famous Brandenburg Gate in Berlin.

Finally, the property is available at the bargain price of only 140 euros per m2 - yes that's not a mistake - it really is only 140 euros per m2!!

This property price excludes commission at 7.14% including tax.