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 14th 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!
- Type of Property: Profitable object
- Property Type: Secondary market
- Status: Newly renovated
- Location: Feucht, Bavaria, Germany
- Land Area: 1226 m²
- Total Area: 1100 m²
- Sale Price: €2,100,000