Rental Yield: 6%

PRICE: €2,000,000

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
Current rent:                  €120,847 (factor 16.5)
Rentable Sqm:               1,935sqm
Avg price per Sqm:       €1,033
Avg price per unit:        €62,500
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 400 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 with a very attractive rental yield of 6%.
  • 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.

REQUEST MORE INFORMATION EMAIL: info@investix.de OR CALL: +49 (30) 499 05 0950 OR FILL IN THE FORM BELOW

SOLUTION: PropHaus

Find out more about this property

Ref: PH17

Ref: PH17

Interested to invest in a similar property using German Bank Finance?
Let the Experts help!

David HealyManaging Partner

Helping investors from all over the globe to Source, Structure, & Manage their real estate investment portfolios in Germany.


Developments
Rental Yield: 3%

PRICE: €4,880,000

Multi-Family Homes
Rental Yield: 6.2%

PRICE: €1,590,000

Expert Blogs - Latest Posts

3rd December 2019

Maxim Apartments in Dresden – walls completed, the roof is coming up!

Investix is moving up the speed for building schedule for Maxim Apartments ...

Back To Top