ID: 1761
House

Profitable object for sale Saxony-Anhalt, Wernigerode, Germany

Profitable apartment house in Saxony-Anhalt. Profitability 5.86%

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€1,586,000
Profitable apartment house in Saxony-Anhalt. Profitability 5.86%

Enquire about this Property

Additional Information DESCRIPTION
We are glad to offer you a well-maintained apartment building located in a very popular residential area of ​​the city of Wernigerode (land - Saxony-Anhalt). The object was built in the mid-1960s on a plot of about 2 280 sq. m. and consists of 2 and 3 bedroom apartments. Each apartment has at least one balcony. Some apartments have a guest toilet and two balconies.
 
The last upgrade was carried out in 2018. At the same time facade, basement and floor ceilings were warmed, as well as the roof was renewed. Also installed new doors, pipes for water and heating, sewer pipes and gas heating with hot water.
 
The house is located on a quiet outskirts, not far from the old town. Walking with a beautiful view, shops nearby, a kindergarten and a school nearby, good public transport connections make this place very popular among city residents.
 
Price - 1 586 000 euros
The total area is 1,465 sq. m.
Rental income - 93 000 euro / year
Profitability - 5.86%
 
Wernigerode is a town in the Harz in central Germany. Its old town is characterized by half-timbered houses, including the medieval town hall and the “crooked house”. Wernigerode Castle is a museum on the outskirts of the city that overlooks the city. Harz’s narrow-gauge railway network connects Wernigerode to the Dry Annnon Hön station, from where the Brokenbahn steamboat departs for Brocken.
 
If you are interested in this and other objects, you can leave a request. Managers of our company will contact you shortly and provide you with the objects that match your request.
 
Do not miss the opportunity to purchase a profitable apartment building in Saxony-Anhalt!
Additional Information PROPERTY DETAILS
  • Object: Profitable houses
  • Type of Property: Profitable object
  • Property Type: Secondary market
  • Location: Wernigerode, Saxony-Anhalt, Germany
  • Land Area: 2280 sq m
  • Total Area: 1465 sq m
  • Sale Price: €1,586,000

Financial Information

Price
€1,586,000
Guaranteed rent
Rent Income per year
€93000
Rent Income per month
€7750
Profitability
5,86%
Payback
17 years
Installment
Mortgage

Purchase Cost

Agency commission
7,14%
Tax on the purchase
5%
Services notary
1%
Inventory
0,5%
Rental services
Services of the management company

Facilities

Balcony
Near metro / stop
Near the shop
Apartment house
Additional Information OTHER INFO
FEATURES
Profitable apartment house in Saxony-Anhalt for sale
Profitable apartment house in Germany for sale

ATTRIBUTES

Land Area: 2280 sq m
Total Area: 1465 sq m
Year Built: 1960
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