Profitable object for sale Bavaria, Feucht, Germany

You will love this charming multi-family residential house in Feucht, in Bavaria Free Land. In 2015, the building was overhauled.  Also, the property includes 15 parking spaces.

Land Area – 1,226

Total Area – 1,100 m²

Price – €2,100,000

Current revenues for the rent – €162,000

Current Rate of return – 7.72%

Year built – 1970

The property used to be a hotel back in the days. Since 2015, the building has been completely leased to the Federal Land of Bavaria for 10 years. It is located in the town of Feucht, a 20-minute drive from the center of Nuremberg. The town belongs to the administrative district of Middle Franconia

Nuremberg is the second largest city in Bavaria (after Munich) and the 14^th in Germany. The population is more than 490,000 people. This is the largest economic and cultural center of Franconia and its unofficial capital. The population of Nuremberg region is 2 million people and the area is about 10,000 km². It is also economically strongest region of Germany due to the highest GDP (€50 billion a year).

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Do not miss a unique opportunity to have a residential house in Nuremberg suburbs!