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  • -1
  • Saxony
Price £416,460
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Property Description

This period apartment house dates back to 1900. Within the four storey, centrally heated building are six residential units and two commercial units on a plot size of 383m2.

The residential floor area is 595m2 and is fully tenanted.

The commercial floor area is 185m2 with one unit vacant (105m2).

The total floor area is 780m2 and delivers an actual rental income of 50,000 euros. With the remaining unit occupied the anticipated income would be 58,800 euros - a potential yield of 11.2%!!

The current actual yield is an attractive 9.6%!

Magdeburg is a major city centrally located in Saxony Anhalt. The area is steeped in history from the year 1200 with the first Gothic cathedral in Germany as well as links to Martin Luther.

The city is now a major university centre for more than 18,000 students. Magdeburg is situated on the River Elbe and its 230,000 inhabitants enjoy the cultural and historical links combined with a modern and dynamic city centre.

A very attractive investment package..........

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Property Location

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