Apartment block for sale,Werdau,Saxony.
WWP CLIENT MEMBER
Joined: 29 Feb 2008
Posted: 12 Sep 2008 at 8:12am
Location: Werdau, Saxony
Price: £ 154199.00
Property Type: Commercial and Residential Block
This apartment house offers a 12% yield!
Located in the pretty market town of Werdau in Saxony. Werdau is a typical residential town in Saxony located 50km east of Chemnitz and 80km south of Leipzig. The town, 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 apartment house comprises of two commercial (347m2) and seven residential units (430m2). All units are tenanted with the exception of one commercial unit – an office (75m2). The property dates back to 1922 however was modernized in 1992/3. The rental income exceeds 23,500 euros per year which equates to a terrific yield of 12%.
This property has a prime, town centre location near to the main office and shopping areas and adjacent to the beautiful town hall. This is a terrific investment property available at only 252 euros per square metre.
For further details email: email@example.com
quoting REF: BHOABW
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