Riesa & Wurzen
Price On Application
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
Avg price per unit: €63,636
Mortgage included: Opt
This portfolio is generating a very attractive rental yield. 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 with potential to increase the rental yield
- LOCATION: Excellent location in the heart of Saxony
- FULLY MANAGED: German-based Property & Investment Management
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.
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