Rental house in Germany. Profitable object near Dresden.
Historic house under reconstruction.
Object code is 9710
Type - Housing and commercial
Price - 5,100 €
Price per sq.m. - 17 €
Year of construction - 1850
Year of modernization - 2014
The plot area is 335 m2
Usable area - 303 m2
Object status - Free
The annual income is € 25,200
Yield - 494.12 %
Registration services * - 3.927 €
Court costs * - 200 €
Property purchase tax * - 306 €
State duty (entry in the register) * - 200 €
Cost including additional costs * - 9.733 €
* 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.
Historic house under reconstruction.
Profitable object near Dresden.
This property is located on the outskirts of Dresden, Saxony.
The house is located in the central part of the city on a street with busy traffic and high traffic.
In the immediate vicinity of the object there are several government agencies, private companies, shops, bank branches.
This property is a state-protected architectural monument, so the owner has the opportunity to receive state subsidies and subsidies from the fund for the restoration and maintenance of architectural monuments, as well as tax benefits for the restoration or repair of the object, if necessary.
Two-storey house with an area of approx. 240 m2 divided into:
• first floor - commercial space approx. 120 m2
• second floor - living space approx. 120 m2
The house also has a two-storey annex with a total area of approx. 60 m2, which is divided into:
• first floor - utility rooms
• second floor - living space
The house has a basement for technical needs.
For a pleasant pastime there is a courtyard for public use.
The windows and doors have wooden windows.
Water, sewerage, electricity and telephone services are available.
At the moment, due to the lack of an adequate owner, the property is empty, the lease of the object requires repair and bringing to a condition suitable for operation.
The amount of repair depends on the requirements and ideas of the new owner and can be calculated with the help of our company's specialists in a short time.
We can also arrange repairs.
The new owner can use the premises at his own discretion, run his personal business or rent it out.
Based on the average cost of rent in the region, with proper management and full lease, after the repair work, this property can bring about 25,000 euros of annual income.
Currently, the object is under external competitive management and will be sold to a new investor directly by the bank through the courts.
It is offered 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 int. Dresden Airport: 30 km (approx. 35 minutes by car)
Distance to Leipzig: 100 km (approx. 1 hour by car)
Distance to Prague (Czech Republic): 200 km (approx. 2 hours by car)
Dresden is the capital of the federal state of Saxony, 20 km from the Czech Republic on the river Elbe.
It is one of the largest centers of industry, transport and culture in Germany.
The population is more than 500,000 people.
Dresden is widely known for its Baroque architectural monuments, magnificent collections of paintings (for example, the Sistine Madonna in the Dresden Gallery) and other works of art. It is truly a mecca for cultural aesthetes.
The region's economy is based on port operations and the production of high-tech goods, such as specialized optical and medical equipment, trade equipment, computers, musical instruments, machinery and instruments. In the nearby town of Freital, the famous Dresden porcelain has been produced at the Dresden Porcelain Manufactory since 1872. One of the most famous companies in the city is one of the few factories in Europe to produce the most modern processors (AMD and Infineon).
Also here are the facilities of Volkswagen for individual assembly of particularly expensive cars (VW Phaeton) in the presence of the customer.
Dresden is one of the most visited cities in Germany.
Good transport links with other cities in Germany and Europe are provided by the A4 and A17 motorways in the immediate vicinity of the city.