Price On Application

Ref: PH20

Well located portfolio of 22 apartments on the Dresden and Leipzig commuter belt.

The building in Riesa is located in a good residential area with middle-class private family houses around. It has a supermarket and bakery close by. Across the street is a bus stop connecting to the city centre, which is only 10min away. Both properties in Wurzen are located in the town centre with supermarkets, shops, banks and various tourist sites located within short walking distance. Both building locations also have a very nice park located within 5min walk, making it an attractive place for tenants to live and relax.

Units:                                  22 apartments
Current rent:                  €87,046 
Rentable Sqm:               1,452 sqm
Mortgage included:     Opt

 

This portfolio is generating a very attractive rental yield of 6.2% per annum. The average apartment price in this portfolio is €964/sqm is nearly 55% lower than the average price in Dresden. Average rent only  305€ per month (4.59€/sqm) is below market rates in the area and allows the potential of further growth.

KEY REASONS TO INVEST 

  • RENT: Fully rented. Potential to increase the rent
  • LOCATION: Excellent location in the heart of Saxony
  • FULLY MANAGED: German-based Property & Investment Management

LOCATION:

Wurzen is located only 28km from Leipzig with over 545,000 inhabitants, Riesa is around 50km from Dresden with a total population of over half a million. Riesa and Wurzen are a popular choices amongst city workers who prefer to commute or who work in many of the car manufacturing plants in Saxony.

REQUEST MORE INFORMATION EMAIL: info@investix.de OR CALL: +49 (30) 499 05 0950 OR FILL IN THE FORM BELOW

 

 

SOLUTION: PropHaus

Find out more about this property

Ref: PH20

Ref: PH20

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Multi-Family Homes

Price On Application

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