Rental Yield: 6.2%
A beautiful classical building right in the city centre of Freiberg, consisting of 8 apartments and 2 commercial units
A beautiful classical building in the centre of Freiberg consisting of 8 apartments and two commercials which are fully rented. The inside of the building and exterior was completed renovated and there’s no need for additional refurbishment for the next years. The ground floor is being used as a very successful and known gourmet Japanese restaurant with a long term contract.
Units: 10 apartments
Current rent: €78,845 (factor 16)
Rentable Sqm: 1,084 sqm
Avg price per Sqm: €1,180
Avg price per unit: €128,000
Mortgage included: Opt
All apartments and commercial are rented with long term contracts with automatic increase on a yearly basis. The building has very low vacancy rate and no bad debts which combined with high rental yield of 6.2% makes it ideal income investment.
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.2%.
- FULLY MANAGED: German based Property & Investment Management
Freiberg is a university and mining town in the Free State of Saxony, Germany. Its historic town centre has been placed under heritage conservation and is a chosen site for the proposed UNESCO World Heritage Site known as the Ore Mountain Mining Region.
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