Rental Yield: 6.8%

PRICE: €5,360,000

Ref: PF10A6

Portfolio of four residential buildings and 104 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:                                  107 apartments
Current rent:                  €368,980 (factor 14.5)
Rentable Sqm:               5,209 sqm
Avg price per Sqm:       €1,013
Avg price per unit:        €50,093
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 with a very attractive rental yield of 6.8%.
  • FULLY MANAGED: German based Property & Investment Management

LOCATION:

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.

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: PF10A6

Ref: PF10A6

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