SOLD: See Case Study
12 fully tenanted apartments located in the economic area of Leipzig generating stable rental income
Two residential properties are currently rented with very low vacancy rate over the years. They are both well located within catchment area of the Leipzig and has all necessary amenities with their districts. Properties are in a good condition, most of the apartments have been completely renovated over the years and do not need extensive refurbishment budget. They have balconies or little gardens, making them attractive to long term tenants
Units: 12 apartments
Target rent: €60,283
Rentable Sqm: 801.50 sqm
Mortgage included: Opt
Income generating property with a rental yield of 5.5% with further potential to grow. All units are fully rented without bad debts and long term tenants assures stable rental income for the foreseeable future. As rental rate is still below market, it is expected in the next couple of years to bring it in line with average market rate for this area.
KEY REASONS TO INVEST
- RENT: Fully rented
- FULLY MANAGED: German based Property & Investment Management
Borsdorf is located at the railway mainline between Leipzig and Dresden. It is served by local commuter trains, the rapid transit network of S-Bahn Mitteldeutschland as well as the Regional Express train Leipzig-Dresden. Borsdorf is part of the Green Ring Leipzig was founded to improve the attractiveness of the Leipzig region by committing to the environmentally friendly development of the cultural and landscape region.
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