Houses in Germany. Profitable investments in Saxony.
Object code is 9550
Type - Housing and commercial
Price - 120,000 €
Price per sq.m. - 66 €
Year of construction - 1948
Year of modernization - 2005
The area of the plot is 1500 m2
Usable area - 1825 m2
Object status - Free
The annual income is € 111,000
Yield - 92.5 %
Registration services - 8.568 €
Court costs - 1428 €
Real estate purchase tax - 7200 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 137,396
Data on the cost of services are not final and may change in one direction or another depending on the regional tariffs of the municipality and the notary.
Profitable investments in Saxony
A promising residential and commercial complex in eastern Germany is offered
Sale through the court!
The property is located in a cozy town Schwarzenberg, federal state of Saxony, in eastern Germany.
Residential and commercial complex with an area of approx. 1,850 m2 is located on its own land plot of approx. 1,500 m2, which is also for sale and is already included in the price stated by the seller.
In the immediate vicinity there are branches of large German retail chains, businesses, banks, as well as other necessary infrastructure.
Flooring: carpet, linoleum, tile.
In the toilets the walls and floors are tiled, the necessary plumbing is installed.
In the windows - plastic windows with insulating glazing.
Heating - central.
Water, sewerage, electricity, internet and telephone services are available.
There is a private parking for cars.
The favorable location is ideal for an investor to start or expand their business in Germany.
At the moment the property is empty.
The new owner can dispose of the property at his own discretion - to run his personal business, manage the property himself, rent it out or find a responsible manager.
Based on the average rental cost in the region, with proper management and full rental, this property can bring in more than 110,000 euros of annual income.
Currently, the object is under external competitive management and will be sold directly by the bank through the court to a new investor.
It is offered for sale by the bank at the residual value and will be transferred to the new owner absolutely without any debts.
According to the forecasts of our company's specialists, during the court bidding the price may be further reduced by 10-15%, which further increases the investment attractiveness of this object.
Our company is ready to provide all the necessary services for negotiations with the court and with the seller-owner, competent legal registration and after-sales management of the object.
Including on registration of the possible residence permit.
Distance to Karlovy Vary (Czech Republic): 40 km (approx. 20 min by car)
Distance to Dresden: 100 km (approx. 1 hour by car)
Distance to Leipzig: 110 km (approx. 1 hour 10 min by car)
Saxony, one of the sixteen federal states of Germany, is located in the east central part of the country. It borders Thuringia and Saxony-Anhalt to the west, Brandenburg to the north, Bavaria to the southwest, Poland to the east, and the Czech Republic to the southeast.
The official name of the land is the Free State of the Republic of Saxony. The Saxon coat of arms depicts five black stripes on a gold background and a diagonally green toothed wreath. Black and gold colors from the end of the 11th century appeared in the coats of arms of the Saxon princely family of Askans. The toothed wreath indicates the difference between their Saxon and Anhalt lines. Until 1918, the coat of arms belonged to the Vettin dynasty, and then to the Republic of Saxony.
The flag of Saxony is formed by two equal horizontal stripes: the upper - white and the lower - green, which were approved in 1815. After the unification of the country in 1991, the coat of arms of Saxony appeared in the center of the flag.
The Elbe, Saxony's largest river, crosses it from southeast to northwest. The Elbe river system also includes the Weiseritz, Weiss-Elster, Mulde, Chopau and Spree rivers. The eastern border of Saxony runs along the river Neisse, which flows into the river Oder.
Part of the territory of Saxony is occupied by wooded mountains - Ore Mountains, Lusatian Mountains and Saxon Switzerland. Mount Fichtelberg (1215 m) in the Ore Mountains is the highest point in Saxony.
Administratively, Saxony is divided into ten regions (Goerlitz, Bautzen, Saxon Switzerland - Eastern Ore Mountains, Meissen, Central Saxony, Ore Mountains, Leipzig, North Saxony, Zwickau, Vogtland), as well as three free cities (Dresden, Dresden, L .
As a tourist destination, Saxony consists of six districts (Upper Lusatia, Saxon Switzerland, Ore Mountains, Vogtland, Saxon Elbe Valley, Saxon region of castles and wooded wastelands) and three cities (Dresden, Leipzig, Chemnitz).