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  • Saxony
Price £210,518
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Property Description

We have on offer an apartment house in the charming city of Goerlitz, Saxony. This attractive period building has five storeys with eight residential and two commercial units.

In total the floor area is 681.60 m² plus 200 m² storeroom. Built in 1900 it was modernized in the nineties including the installation of a central heating system.

Goerlitz is a lovely historical city in Saxony, close to the Polish border. This popular tourist attraction has a population exceeding 56,000. It lies approximately 100km east of Dresden and 280km south-west of Berlin (less than a three hour drive).

The property has an actual annual cold rent of 26,230 euros, but when the two commercial units are tenanted, it can rise to over 31,630 euros. That would mean a potential yield of 12%, instead of the actual current yield of 9.9%.

This is an attractive property available at only 388 euros per m2........


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