Full Description

41 Appartements About 2384 m² living space About 900 m² land Built in 1899 Re-developed in 1998 About 130,000.00 €/ rental income per year plus subsidies In central location of Magdeburg Kept in good repair 1 and 2 bedroom flats many flats with balcony or terrace This investment has been re-developed in 1998. It is located in the centre of Magdeburg. Location Magdeburg is favourably located at the junction of important European traffic corridors. Magdeburg enjoys easy access to the federal motorways A2 and A14 as well as to the Elbe river, the Mittelland Canal and the Elbe-Havel Canal. In addition, Magdeburg is central to the German Rail’s network. Therefore, the city is well positioned offering a competitive edge in the logistics industry. While transport costs are increasing, the favourable location of Magdeburg at the geographical heart of Europe provides a competitive advantage for investment casting and entrepreneurship. The city prides itself on the largest inland port of the new German Laender as well as the longest water bridge to be found in Europe. Companies needing a well-developed logistics infrastructure and close proximity to an inland port will choose Magdeburg as a top business location offering excellent conditions like nowhere else in East Germany. The public transport system inside the city is modern and consists mainly of trams and buses.