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  • Saxony
Price £81,979
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Property Description

APARTMENT HOUSE, ANHALT-SAXONY WITH 10.1% YIELD

This attractive apartment house dates back to 1938 and comprises of three residential units with 212m2 floor area. The property comprises of two apartments with two bedrooms and a one bedroom apartment. The property has a large plot (414m2) which includes three parking spaces. The façade and windows of the building have been modernized as well as a new gas heating system. All 3 apartments are tenanted. There is potential to develop the roof space given the appropriate authorization as well as a range of outbuildings and courtyard area which would support future development.

The actual rental income exceeds 10,000 euros annually producing an excellent yield of 10.1%.

Tangerhuette is a town in the district of Stendal in Saxony-Anhalt situated on the River Tanger. Tangerhuette has a population of approx. 5800 and is located 100 km west of Berlin and 40 km north of Magdeburg.

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