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€45,000  Investment Hanover

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  • €45,000
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  • Investment
  • For Sale 
  • Hannover
  • germany Flag Germany
This attractive building dates
back to 1898 and was subsequently
modernised in 1995. The three
storey property comprises of two
residential (160m2) and one
commercial unit (48m2). The total
floor area is 208m2. The property
modernisation included central
heating, roof, facade and
windows.The property is located
in Werdau which is 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 annual rental
income exceeds 5100 euros and
offers a terrific yield of 11.4.
The commercial unit is currently
vacant, however, if tenanted the
yield could be 15.4 !!A property
with an exceptional income and
available at only 216 euros per
m2.
This attractive building dates
back to 1898 and was subsequently
modernised in 1995. The three
storey property comprises of two
residential (160m2) and one
commercial unit (48m2). The total
floor area is 208m2. The property
modernisation included central
heating, roof, facade and
windows.The property is located
in Werd...
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