Apartment house in Germany. Large tenement house for renovation.
Object code is 9670
Type - Apartment house
Price - 50,000 €
Price per sq.m. - 47 €
Year of construction - 1891
The plot area is 530 m2
Usable area - 1066 m2
Commercial / residential units - 1
Object status - Free
The annual income is € 70,200
Yield - 140.4 %
Registration services * - 3.927 €
Court costs * - 595 €
Property purchase tax * - 3000 €
State duty (entry in the register) * - 200 €
Cost including additional costs * - 57.722 €
* 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.
Large tenement house for renovation
An apartment house near the Czech Republic is offered
This property is located in Chemnitz, Saxony.
The object is located on its own land area of approx. 530 m2, which is also for sale and is already included in the price stated by the seller.
This property is located only 4 km from the center on one of the main streets of the city.
In the immediate vicinity of the facility is a school, kindergarten, branches of several major German retail chains and other necessary infrastructure for life.
Four-storey house, living area approx. 780 m2, is a state-protected architectural monument, so it is possible to receive subsidies and subsidies from the fund for the restoration and maintenance of architectural monuments, as well as tax benefits for the repair of the object.
There are common basements for technical needs, laundry and drying, storage for bicycles and strollers.
Water, sewerage, electricity and telephone services are available.
Near the house there are enough parking spaces for cars.
Repairs and renovations are required to make the house habitable.
The amount of work depends on the desires and creative ideas of the new owner, the cost of which can be calculated in a short time with the help of specialists from our company.
In addition, we can arrange repair work.
The new owner can dispose of the property at his own discretion - to live in it, 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 more than 70,000 euros in annual income.
The object is currently in external bankruptcy management and will be sold directly by the creditor through the court to a new investor.
It is offered by the lender 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 the Czech border: 50 km (approx. 50 min by car)
Distance to Dresden: 70 km (approx. 1 hour by car)
Distance to int. Leipzig Airport: 110 km (approx. 1 hour 20 minutes by car)
Chemnitz is located in the north of the Ore Mountains, 60 km southwest of Dresden. Its name Chemnitz comes from the Slavic word "stone".
The name of the town was given by the small river Chemnitz, a tributary of the river Zwickauer-Mulde. The word chemnitz in the indigenous language of the Lusatian Serbs means "rocky stream". In their language, the name of the city sounds like Kamjenica. The Czechs call it Saská Kamenice.
Chemnitz was founded in the 12th century by Emperor Lothar II. Until the beginning of the 14th century, it was an imperial city. At first, the textile industry flourished here, then - mechanical engineering. Chemnitz flourished at the beginning of industrial development. At the end of the 18th century, it became one of the largest industrial centers in Germany. The city was called Saxon Manchester. During the GDR, Chemnitz was renamed Karl-Marx-Stadt. Already in recent history, the Russian ensemble "Megapolis" wrote in German a very funny song "Karl-Marx-Stadt" based on the widely popular in the 1960s. in the USSR of the hit "Lilies of the Valley".
Today, Chemnitz is one of the richest cities in the east of the country. The income of the population here is higher than, for example, in Dresden or Leipzig. Chemnitz, a city of modern industrial culture, is very interesting in terms of architecture. It is said that no other city in Germany deserves the title of "City of Art Nouveau" as it does. The most striking representative of this style here is Villa Esche (Villa Esche, Parkstraße 58), built by the Belgian modernist architect Henri Van de Velde for the large manufacturer Herbert Eugen Esche. The villa in the Henry van-de-Velde Museum hosts exhibitions of works of art from the city's collections.
A huge bust of Karl Marx has stood in Chemnitz since the time of the GDR, standing in the center of the city on Brueckenstrasse, next to the Red Tower. You can see the city from above, climbing to the observation deck, arranged in one of the towers of the Old Town Hall (XV century).