For Sale   >   Germany Flag  Germany   >  Lower Saxony  >  Hanover
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  • €148,500
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  • Investment
  • For Sale 
  • Hanover
  • germany Flag Germany
This attractive, corner site
property was modernised in 1996
having been originally built in
1912. The apartment house
comprises of six residential
units with a total floor area of
410m2. The apartments range
between 50 - 75 m2 and are all
tenanted. The refurbished
apartments have a cellar and
central heating.The property is
located in Werdau, a typical
residential town in Saxony
located 50km east of Chemnitz and
80km south of Leipzig. The
neighboring town of Zwickau
(population 96,000) is only 8 km.
Werdau, situated on the River
Pleisse, has a population
exceeding 23,000 with a history
associated with textiles but more
recently with precision
engineering linked to the
automobile industry. In addition
the town is a tourist attraction
set amongst the green rolling
hills of Saxony.The six tenanted
apartments deliver an annual
rental income in excess of 17,800
euros - an excellent yield of
12!! This imposing building is
being sold at the very
competitive price of only 362
euros per m2.
This attractive, corner site
property was modernised in 1996
having been originally built in
1912. The apartment house
comprises of six residential
units with a total floor area of
410m2. The apartments range
between 50 - 75 m2 and are all
tenanted. The refurbished
apartments have a cellar and
central heating.The prope...
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