Luxury German Apartment Available To Buy

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Apartment/Flat Description

This beautiful period building is particulary desirable with a yield of 7.74%! The five storey property is completely tenanted!

The property dates back to 1900 and was modernized in 1986. It comprises of eight residential units (843m2)and two commercial units (162m2). The total floor area measures 1005m, the plot size is 350m.

The current annual rental income is 42,295 euros equivalent to a yield of 7.7%.

Magdeburg is the capital city of the region Saxony-Anhalt and has approximately 230.000 inhabitants. This historic city is situated on the river Elbe and offers a wonderful picturesque scene of the Magdeburg Dom on the river side. This second largest city of the region lies between Berlin and Hannover.

A wonderful investment opportunity..........

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Approximate price of this 0-Bed Apartment

€546,250 EUR |

£437,164 GBP |

US$685,325 USD |

(Currency and Foreign Exchange services supplied by

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Ref	923673
Town	Magdeburg
Province	Saxony-anhalt
Country	Germany

Type	Apartment
Category	Re-Sale
Listed	over 1 year ago

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Map of Magdeburg, Saxony-Anhalt, Germany

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