You will love this residential complex in the town of Plauen, Saxony. The object was built in 1940, in 2000 a complete modernization and renovation of the complex was carried out.
The complex consists of 45 two-storey houses. It includes 155 apartments and 16 garages. In addition, there are parking spaces. Partly the houses were rebuilt into duplexes.
The average rent is 4.53 euro / sq.m.
The area of the land plot is 28 900 sq. m.
The area of the object is 10 562.39 sq.m.
The price is 8 500 000 euros
Rental income - 545 850 euros / year (with full rental possible increase to 595 400 euros / year)
Profitability - 6.4% (with full leasing possible up to 7% increase)
The residential complex is located in the park zone of the town of Plauen, in the area of Haselbrunn. The houses are surrounded by ancient trees. In the immediate vicinity of the facility are: sports center, swimming pool, elementary and secondary school, 2 children's sanatoriums, supermarkets, shops, cafes, bars and restaurants.
Plauen is the fifth largest city in Saxony, located near the border with the Czech Republic. The population is about 66 000 people. There is good transport links to other major cities - to the city of Hof (Bavaria) - 32 km, to Chemnitz - 80 km., to Dresden - 150 km.
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Do not miss a unique opportunity to have aresidential complex in Germany!
- Type of Property: Profitable object
- Property Type: Secondary market
- Location: Max-Libermann Strasse, Plauen, Plauen, Saxony, Germany
- Living Area: 10562
- Land Area: 28900
- Sale Price: €8,500,000