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  • Saxony
Price £109,836
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Property Description

We have on offer a tenanted apartment block in Sebnitz, Saxony. It consists of 5 residential units divided over three floors. The total area measures 295,40 m² and the plot size is 1180m². The property was modernized in 1990-1993 and the apartments have central heating and a garden at their proposal.

All but one of the apartments are tenanted. The projected rental income at this time is 12.363 euros which would deliver a terrific yield of 9%. (The existing income is 9636 euros with a yield of 7%.)

Sebnitz is a pretty market town in a national park area in Saxony. The attractive, historical town has approx 9000 residents and is located 40km east of Dresden and approx 240km south of Berlin.

The area known as Saxon-Switzerland is typified by craggy hills, castles, woods and rivers very popular with tourists seeking outdoor pursuits.The area is famous for its sandstone which provided the material for a number of attractive buildings in Dresden as well as the famous Brandenburg Gate in Berlin.

In other words, another great investment opportunity!

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