Millenium Palais – LEIPZIG
New build project of 11 brand new apartments with balconies, terraces and overlooking the city park
In this beautiful new building, the “Millennium Palais” 11 apartments are being built to the highest standards and with modern equipment. The 2-room to 5-room apartments are each equipped with two balconies in sizes from. 57 m² to 155 m². Apartments on the ground floor have a private garden access. Each residential unit is offered the opportunity to purchase an underground parking space. All units have a view of the green big city park.
Units: 11 apartments
Current rent: €153,874 (factor 33)
Rentable Sqm: 983 sqm
Avg price per Sqm: €5,167
Avg price per unit: €461,818
Mortgage included: Opt
These brand-new built apartments are expected to generate a rental yield of 3% with huge potential for growth. Excellent location in a popular and green area of Leipzig assures constant occupancy and minimal refurbishment expenses over the years. The current lack of apartments in Leipzig assures long term stable rental income from tenants and minimal vacancy.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 3%.
- FULLY MANAGED: German based Property & Investment Management
District Lindenau is located West of Leipzig main city center, just beyond Elster river. The district has its own historic centre with market, shopping centers and public transport connections. Doctors, schools and kindergardens are within easy reach. Due to its proximity to the city centre, nearby lake and forest it has become an extremely attractive location for residents offering unique setting from other districts of Leipzig.
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