Rental Yield: 5.7 %
13 fully tenanted apartments located in the economic area of Dresden priced only €866 per sqm
The property was originally built in 1900 and has been fully renovated. The building comes with garage & storage space located in the courtyard as well as the added benefit of spacious balconies and terraces, ensuring there is a high demand from tenants when an apartment becomes vacant. This property enjoys a convenient location with local shops, schools and cafés are within walking distance. Dresden city center is always within touching distance as the area is well serviced by public transport.
Units: 13 apartments
Current rent: €53,194 (factor 17.5)
Rentable Sqm: 1,073 sqm
Avg price per Sqm: €866
Avg price per unit: €71,538
Mortgage included: Opt
Property is fully rented with long term tenants generating a very attractive rental yield of 5.7% per annum. There is a low supply and high demand for good quality rental properties in this area. Relatively low running costs combined with an average net rent of only for €319/month per apartment attracts lots of tenants who are looking for a quieter lifestyle.
KEY REASONS TO INVEST
- RENT: Fully rented with potential to increase, 5.7% rental yield
- LOCATION: Excellent location close to Dresden city centre – Germanys next Property Hotspot
- FULLY MANAGED: German-based Property & Investment Management
Großenhain is located 40 minutes northwest of Dresden. Großenhain is close to nature with Elbe Cycle Route, the cycle path network and regional cycle paths allow you to explore the charming, rural surroundings. Combined with considerably cheaper prices than Dresden, it is an ideal location for young families, retirees or anyone getting tired from the city bustle.
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