Two buildings are nearby each other and are in a good condition. They have been built in 1970 and fully renovated in 2002. Both buildings are listed by the town government as having historical importance. Nearly all of the apartments have been renovated over last 5 years and represents high-quality apartments demanded by tenants. The majority of windows have been changed and the facade has been freshly painted. Surrounding the two buildings is a huge green plot of land.

Units:                                  26 apartments
Target rent:                     €102,837 
Rentable Sqm:               1,779 sqm

Mortgage included:     Opt

The property deal represents a very good value of acquiring 26 high-quality apartments below market price. Recent refurbishments done to the buildings means that next owner won’t need to add high maintenance budget. Current estimated rental rate in the area can be increased to 6.5% with a further potential of growth.

KEY REASONS TO INVEST 

• RENT: Fully rented.
• FULLY MANAGED: German based Property & Investment Management

LOCATION:

The city Kamenz is the largest town in the district of Bautzen. Situated only 45min drive from Dresden, the capital of Saxony it cannot complain of a lack of historical heritage and flow of tourism. The classical architecture of the city centre symbolizes the civic pride of its residents to this day.

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