Rental Yield: 6.2%
Unique historic building with secluded back yard and huge garden, ideal for families wanting to escape big city bustle
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: 25 apartments
Current rent: €99,325 (factor 6.2)
Rentable Sqm: 1,726 sqm
Avg price per Sqm: €921
Avg price per unit: €63,600
Mortgage included: Opt
The property deal represents a very good value of acquiring 25 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 rent per sqm of €4,70 on average is well below the actual market rents of €5.65 for similar properties in the area
KEY REASONS TO INVEST
- RENT: Fully rented with a very attractive rental yield of 6.2%.
- FULLY MANAGED: German based Property & Investment Management
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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