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  • Saxony
Price £530,872
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Property Description

This beautiful period apartment house dates back to 1899. Within the five storey, centrally heated building are twelve residential and two commercial units on a corner plot size of 479m2.

The residential floor area is 1000m2 with one unit vacant (73m2).

The commercial floor area is 237m2 and fully tenanted.

The total floor area is 1310m2 and delivers an actual rental income of 61,372 euros. With the remaining unit occupied the anticipated income would be 62,572 euros - a potential yield of 9.4%!!

The current actual yield is an attractive 9.2%!

This beautiful period building is in Magdeburg, 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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