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Apartment house with commercial premises in Chemnitz
Export to PDF NW-ID 5408

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Kemnits is the third largest city in Saxony, with the population about 245 000 people. In the city industrial production is developed: automotive industry, mechanical engineering, metal working and electrical equipment. The largest enterprises: CeBAG Bauträgergesellschaft mbH (construction), Chemnitzer Verkehrs-AG (CVAG) (public transport of local value), CM Chemnitzer Meatservice GmbH (wholesale trade in meat), Flender Guss GmbH & Co. KG (foundry production, viscous cast iron), IT Services and Solutions GmbH (service in the field of information technologies), Kompetenzzentrum Maschinenbau Chemnitz/Sachsen e.V. (mechanical engineering) and many others. The city has high economic potential.

Price 420 000 EUR
Property conditionis renovated
Plot area420 m2
Property area724 m2
Year builtca
Year of modernization1999
Rented outyes
Number of residential units12
Number of commercial units2
Current year’s income32 220 €
Full year’s income40 080 €
Actual yield7.67%
Potential yield9.54%

Purchase costs
Notarization6 300 €
Purchase tax14 700 €
Brokerage commission (6% excl VAT)25 200 €
Total46 200 €
Property description:

The facility was completely renovated in 1999. Currently, the object is in a good condition. The three-storyed building has 14 apartments with 2 - 3 bedrooms. All apartments have a termless lease agreement. There are also 2 commercial premises in the building. The object is situated in a good and quiet area, near the center. There is all necessary infrastructure.

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