Investment real estate in Germany. An attractive investment object is offered, consisting of apartments and commercial premises.
Object code is 9570
Type - Housing and commercial
Price - 153,000 €
Price per sq.m. - € 364
Year of construction - 1996
Year of modernization - 2013
The plot area is 1342 m2
Useful area - 420 m2
Number of rooms - 4
Commercial / residential units - 1
Object status - Leased
The annual income is € 52,920
Yield - 34.59 %
Registration services - € 10,924.2
Court costs - 1821 €
Real estate acquisition tax - 9180 €
State duty (entry in the register) - 200 €
The cost, including additional costs, is € 175,125.2
* 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 complex for rent.
An attractive investment object is offered, consisting of apartments and commercial premises.
Urgent forced sale!
This property is located in the city center, located between Berlin and Leipzig, in the federal state of Saxony-Anhalt.
In the immediate vicinity is a school, kindergarten, branches of several large German retail chains, banks and other necessary infrastructure for life and work.
The train station is only 600 meters away.
Real estate located on its own land area of approx. 1,350 m2, which is also for sale and is already included in the price.
Residential and commercial facility with a total area of approx. 420 m2 divided into:
• first floor - two office rooms approx. 50 m² and 40 m²
- two trade premises approx. 100 m² and 80 m²
• attic floor - three-room apartment approx. 130 m2
- one-room apartment approx. 25 m²
There are parking spaces assigned to the tenants of the object.
The building also has additional basements for household needs (archive, warehouse, etc.).
The windows have partly plastic and partly wooden double-glazed windows.
The bathrooms have all the necessary plumbing, including built-in bathtubs.
Flooring - laminate, linoleum, carpet, tile.
Heating - central. Heated floors are installed in living rooms, apartments (bath, kitchen).
For the safety of tenants, the premises of the building are equipped with intercoms.
Water, sewerage, electricity, internet and telephone services are available.
According to the seller, currently all commercial premises and a large apartment are leased on a long-term basis and bring in 37,684.80 euros of annual rental income.
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 after repairs and full lease, this property can bring more than 50,000 euros of annual income.
The facility is currently under external tender management and will be sold in court to a new investor.
It is offered 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. Leipzig Airport: 95 km (approx. 1 hour by car)
Distance to int. Berlin-Schönefeld Airport: 100 km (approx. 1 hour 10 minutes by car)
Distance to Magdeburg: 110 km (approx. 1 hour 20 minutes by car)
Distance to int. Dresden Airport: 120 km (approx. 1 hour 40 minutes by car)
The city of Luther Wittenberg is a district city in Germany, in the federal state of Saxony-Anhalt, on the river Elbe. Located 100 km from Berlin and 70 km from Leipzig. In the 16th century it was a major center of cultural, scientific and political life in Germany, played a prominent role in the early Reformation, was the site of Martin Luther, as well as the family of famous medieval lawyers Karptsov. Local attractions include Luther's house, Melanchthon's house and Schlosskirche, a UNESCO World Heritage Site.
The city has a developed chemical, rubber and electrical industries. There is Halle-Wittenberg University. It was first mentioned in 1180.
Among the main tourist attractions of the city of Lutherstadt Wittenberg is the Church of All Saints, or the Castle Church (Schlosskirche), built in the period 1496-1506. To the door of its main entrance, which was used as a bulletin board, Martin Luther attached his 95 theses in 1517.
The church was severely damaged in 1760 during the Seven Years' War, then rebuilt, and finally rebuilt between 1885 and 1892. The historic wooden doors to which Luther attached his theses burned down in 1760. In 1858 it was replaced by a bronze door on which the text of 95 theses in Latin was cast.
The Wittenberg city church of St. Mary (Stadtkirche), in which Luther often preached, belongs to the 14th century.
On the outskirts of the historic Old Town is the "Luther Oak", planted on the site where Luther burned the papal bull of his excommunication in 1520. This event took place near the former city Elster Gate.