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Apartment Complex in Saxony
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The property is located near Chemnitz. Chemnitz 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 16 350 000 EUR
Plot area15000 m2
Property area8200 m2
Year built2003
Number of parking spaces65
Rented outyes
Number of residential units100
Number of commercial units8
Current year’s income1 000 100 €
Full year’s income1 000 100 €
Actual yield6.12%
Potential yield6.12%

Purchase costs
Notarization245 250 €
Purchase tax572 250 €
Brokerage commission (6% excl VAT)981 000 €
Total1 798 500 €
Property description:

The building was constructed in 2003 and consists of 100 apartments. Besides apartments, there are 8 commercial premises. The lease contracts with all tenants are until 2026. The lease contracts on apartments are termless.

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