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  • Saxony
Price £247,130
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Property Description

This investment opportunity comprises of five residential units (319m2) and one, ground floor commercial unit (189m2). This refurbished property is on a plot of 340m2 with a total floor area of 508m2. All but one of the apartments are tenanted and three have a balcony or terrace. The commercial unit trades as a chemist shop and has a long term tenancy. The property dates bavk to 1896 though comprehensively modernised since.

Doebeln is a town in the State of Saxony located on the banks of the river Freiberger Mulde. The pretty market town has a population of almost 21,000 and is a popular tourist spot in the green rolling hills of Saxony. Doebeln is situated 230km south of Berlin; 50km west of Dresden and 45km north of Chemnitz.

This property currently delivers an annual rental income of 24,715 euros equivalent to an attractive yield of 7.96%. With all units tenanted the anticipated income would be 27,150 or a yield of 8.7%!!

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