Meissen – Coswig
SOLD: See Case Study
Ref: PH17
Fully tenanted property located in commuter town between Dresden and Meissen cities
The property is a four-story of 32 apartments with 8 apartments on each floor. Every apartment has access to the front and a south-east facing balcony to the rear. The building has been constructed in 1989 but fully refurbished in 2004 & 2018. It is located in a green residential area, with forest nearby, only 20km to Dresden and 10km to Meissen city. With a bus station across the street, it is very popular with families and commuters.
Units: 32 apartments
Target rent: €121,091
Rentable Sqm: 1,935
Mortgage included: Opt
As property prices rise and affordable property options decreases in Dresden, more and more people are looking for suburban places to live. With an average rent of only 315 euro per apartment, Coswig is very popular with tenants who commute to Dresden, as the price is at least 50% cheaper for similar apartments. Stable rental income and long term tenants makes it perfect income generating property.
KEY REASONS TO INVEST
- RENT: Fully rented.
- FULLY MANAGED: German based Property & Investment Management
LOCATION:
Situated on the banks of the Elbe river and only 20km from the centre of Dresden, Coswig has been chosen as an ideal living place for workers of Meissen and Dresden, who prefer to live in a more family-friendly and quiet location but with a short commute to work. The state capital of Dresden can be reached in less than 30 minutes by car.
