9.3% Positive cash-flow
FOR SALE: €730,000
Fully-let building located under 15 mins from Dresden with excellent mortgage terms – 50% cheaper than city centre
Dresdner Str. 29 is fully rented with long term tenants generating a very attractive rental yield of 6% per annum. There is a low supply and high demand for good quality rental properties in this area. Smart investors recognize the importance of location and what makes this property investment especially attractive is its low price considering its proximity to the centre of Dresden 15 minutes away. The average apartment price in this house of €1,187/sqm is nearly 50% lower than the average price in Dresden of €2,228/sqm.
• Tenanted Multi-Family Home
• Special non-recourse Buy-to-Let mortgage in place
• Properties acquired in a simple GmbH (ltd) structure
• Property, Tenants, Maintenance, Cashflow and Administration all managed in Germany
• Premium Buy-to-Let ‘Hands off’ investment solution
The property was originally built in 1900. In 1998 it was fully upgraded to modern standards including double glazed plastic windows, renewed electricity & sanitary facilities and upgraded roofing. In 2011 the previous owner also fully upgraded the central heating system. The property also comes with some garage & storage space located in the courtyard as well as the added benefit of spacious balconies and terraces on each apartment ensuring there is a high demand from tenants when an apartment becomes vacant.
RESERVE TODAY SUBJECT TO VIEWING!