Rental house in Germany. We offer a tenement house with apartments and commercial space.
Object code is 9703
Type - Housing and commercial
Price - 33,000 €
Price per sq.m. - 75 €
Year of construction - 1906
The plot area is 700 m2
Usable area - 440 m2
Commercial / residential units - 6
Object status - Partially leased
The annual income is € 36,960
Yield - 112 %
Registration services * - 3.927 €
Court costs * - 393 €
Property purchase tax * - 1980 €
State duty (entry in the register) * - 200 €
Cost including additional costs * - 39,500 €
* 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.
Low price - high income.
We offer a tenement house with apartments and commercial space.
Urgent forced sale!
This property is located in Chemnitz, Saxony.
The object is located on its own land area of approx. 700 m2, which is also for sale and is already included in the price stated by the seller.
This property is located just 5 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.
Good transport links are provided by the federal highways A72 and A4.
Three-storey house with a usable area of approx. 440 m2 is divided into five apartments and one commercial space.
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.
According to the seller, three apartments are currently for rent. For full lease of all premises of the object repair will be required.
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 in more than 36,000 euros of 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 int. Dresden Airport: 85 km (approx. 55 min by car)
Distance to Karlovy Vary (Czech Republic): 90 km (approx. 1 hour 10 min by car)
Distance to int. Leipzig Airport: 110 km (approx. 1 hour 10 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).