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Apartment house in Saxony
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Gorlitz is the most east city of Germany, in Saxony. East part of the city after World War II was separated from Gyorlits, is now in Poland and Zgozhelets is called. The border is formed by the Naas River. The population of the city is about 55 thousand people. There is large car-building plant VEB Waggonbau Görlitz in Gorlitz. Since 1998 the plant belongs to Bombardier Transportation

Price 370 000 EUR
Plot area731 m2
Property area591 m2
Year built1920
Year of modernization2015
Number of parking spaces10
Rented outyes
Number of residential units7
Current year’s income32 000 €
Full year’s income34 000 €
Actual yield8.65%
Potential yield9.19%

Purchase costs
Notarization5 550 €
Purchase tax12 950 €
Brokerage commission (6% excl VAT)22 200 €
Total40 700 €
Property description:

Apartment house consists of 7 apartments. 1 apartment of 82 sq.m is located in the semibasement room and has a separate entrance. On 1 floor the apartment of 75 sq.m and one apartment with a balcony, which area of 100 sq.m is located. This apartment is the biggest in the house. On the second floor there are two apartments of 86 and 77 sq.m. In a penthouse there are 2 apartments of the identical area. In all apartments in a drawing room there is a fireplace. In 2015 modernization of object was carried out - the facade, a roof, chimneys were updated.

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