Price On Application
Portfolio of four residential buildings and 107 units including commercials and student accommodation
Portfolio of 4 buildings consisting of 104 apartments and 3 commercials. Three buildings in Chemnitz are classical style residential properties with one commercial and property in Freiberg is student accommodation with one commercial unit built in year 2000. All the properties are in excellent condition and in no need of refurbishment. All properties including commercials bring in stable rental income and have long term contracts.
Units: 104 apartments & 3 commercials
Target rent: €368,980
Rentable Sqm: 4,954 sqm
Mortgage included: Opt
Residential portfolio has been ongoing small refurbishments of apartments and is expected to reach full occupancy in Q2 2020. There’s big potential to increase income by transforming current student accommodation building into retirement house, what would bring in higher income from rent.
KEY REASONS TO INVEST
- RENT: Fully rented.
- FULLY MANAGED: German based Property & Investment Management
Chemnitz is the largest city of the Chemnitz-Zwickau urban area and is one of the most important economic areas of Germany’s new federal states. Chemnitz is among the top ten German cities in terms of growth rate. Freiberg is a university and mining town with its historic town centre has been placed under heritage conservation and is a chosen site for the proposed UNESCO World Heritage Site known as the Ore Mountain Mining Region.
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