Rental Yield: 3%
Brand new apartment block with huge garden in a family friendly residential area of Leipzig
This family friendly multi-family house is to be built with a total of 10 residential units with balconies and big green backyard for kids’ playground and car spaces. Located on a central street and surrounded by green parks it is expected to become a popular family living space. Located near main street it offers multiple transport connections connecting to the rest of the city.
Units: 10 apartments
Current rent: €147,580 (factor 33)
Rentable Sqm: 1,036 sqm
Avg price per Sqm: €4,710
Avg price per unit: €488,000
Mortgage included: Opt
These brand-new built apartments are expected to generate a rental yield of 3.02% 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 the city 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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