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Apartment House in Saxony
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Zwickau has approximately 97 000 inhabitants and is located in the federal state of Saxony. It belongs to an industrial and economical core region. Zwickau, known as the city of Automobiles, is the cradle of the Saxon automotive industry with an over one hundred year old tradition. The city has a long history of automotive development and automobile industry along with Auto Union. Well known beyond Germany's borders are trademarks such as Horch, Audi, Trabant and Volkswagen. The West Saxon University of Applied Sciences of Zwickau (Westsächsische Hochschule Zwickau) has always been an important centre for education and training of automotive engineers. Most of its graduates do not leave the city, but stay in Zwickau to work at the automobile manufactures.

Price 900 000 EUR
Plot area880 m2
Property area1120 m2
Year built1950
Year of modernization2013
Number of parking spaces20
Rented outyes
Number of residential units15
Current year’s income55 500 €
Full year’s income73 200 €
Actual yield6.17%
Potential yield8.13%

Purchase costs
Notarization13 500 €
Purchase tax31 500 €
Brokerage commission (6% excl VAT)54 000 €
Total99 000 €
Property description:

Apartment house is located in Zwickau. The building was built in 1950, modernization was carried out in 2013. There are 15 apartments. For this moment, not all apartments are leased. The lease contracts are termless

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