Germany, Germany | Residential Property, Apartment | 4200694
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Studio Apartment in Germany

This investment opportunity comprises of five residential units (319m2) and one, ground floor ...

Lifestyle Activities

Town, Hills

Amenities & Services

Shops

Property Characteristics

Renovated, Ground Floor

Property Features

Balcony, Terrace

Investment Features

Tenanted Property

Additional Descriptions

Pretty

Full Description

This investment opportunity comprises of five residential units (319m2) and one, ground floor commercial unit (189m2). This refurbished property is on a plot of 340m2 with a total floor area of 508m2. All but one of the apartments are tenanted and three have a balcony or terrace. The commercial unit trades as a chemist shop and has a long term tenancy. The property dates bavk to 1896 though comprehensively modernised since.

Doebeln is a town in the State of Saxony located on the banks of the river Freiberger Mulde. The pretty market town has a population of almost 21,000 and is a popular tourist spot in the green rolling hills of Saxony. Doebeln is situated 230km south of Berlin; 50km west of Dresden and 45km north of Chemnitz.

This property currently delivers an annual rental income of 24,715 euros equivalent to an attractive yield of 7.96%. With all units tenanted the anticipated income would be 27,150 or a yield of 8.7%!!



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Property information

Property ID:   4200694
Location:  Germany
Property Sector: Residential Property
  • Apartment
Price: EUR 310,500
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