Global Property Guide

Financial Information for the Residential Property Buyer

House

Full Description

FEATURES OF THE PROPERTY:

Whole residential apartment building for sale containing 10 RESIDENTIAL units with an average living area of 61m² and 1 COMMERCIAL unit of 25m².

The property is well looked-after and has been continually renovated as and when required. The last major renovation was 12 years ago.

Some facts and figures:

634,38m²

Price just €361/m²

2 balconies

4 floors (3 upper floors plus ground floor) plus unconverted 200m² ATTIC space and CELLAR storage rooms.

The property also has a GARDEN and a REAR COURTYARD.

There is an OUTBUILDING in the garden that can be used for various purposes.

Net rental income per year: CURRENT €20.789

Net rental income per year: WHEN FULL* €33.560

*assumes that the currently vacant apartments are rented out at monthly net rent of €4/m²

 

FEATURES OF THE LOCATION:

SEBNITZ is a picturesque town with a beautiful old centre, 40 km from DRESDEN on the border with the CZECH REPUBLIC.

The area is known it’s SCENIC BEAUTY and this property is only 20 minutes from the picturesque RIVER ELBE.

The town has a renowned TOURIST INFRASTRUCTURE and some small and medium industries.

In recent years the town has successfully carried out a plan of urban renewal and, together with the neighboring municipalities in the Czech Republic, has restored the historic railway line for the purpose of the further development of tourism.

The property for sale is located just 300m from the BEAUTIFUL MARKET SQUARE in the town centre.


OTHER:

Your Place is an independent native English (and also German) speaking boutique real estate agency based in Berlin.

We know the local market for old apartments and for new builds, including luxury property, and we can offer exclusive opportunities in these areas.

We will support and advise you through all procedures and provide information on all aspects of your investment.

Selling your German property? We sell your property at no cost to you.

Please also check the sellers' recommendations on our TESTIMONIALS page.

Key Information

Property ID: 30592572
Location: Germany, Saxony, Sebnitzer Wald
Categories:
  • House
  • House
Bedrooms: 10
Bathrooms: 10
Price:
  • £194,890
  • €229,000
  • $254,370
Short Description:

Whole residential apartment building for sale containing 10 RESIDENTIAL units with an average living area of 61m² and 1 COMMERCIAL unit. The property has been continually renovated as and when required. The last major renovation was 12 years ago.