Potential for 10% return - easy to develop apartment building - monument next to Zwickau.
- Exposé-ID:
- 22239
- Address:
- Postcode / place:
- 08412, Werdau
- Location:
- LANDKREIS Mittelsachsen (allgem.)
- Area:
- 410.00 m2
- Type of object:
- Apartment building (Invest.)
- Purchase price:
- 239,000.00 EUR
Exposé as PDF Price information:
- Realtor commission:
- 6.96 % incl. 19% VAT (Gross 16,637.99 EUR)
- Purchase price:
- 239,000.00 EUR
- Purchase price/m2:
- 582.93 EUR
Areas:
- Total area:
- 410.00 m2
- Living space:
- 410.00 m2
- Land area:
- 350.00 m2
- Rentable area:
- 410.00 m2
Condition & construction:
- Monument protection object:
- Yes
- Construction type:
- renovated old building
- Construction year:
- 1895
- Modernization:
- 1998
- State of construction:
- completed
- State of object:
- groomed
- Distribution:
- 5 apartments
Use & yield:
- Occupancy rate:
- 50% - 2 WE empty
- Actual basic rent:
- 17.040,00 EUR p. a.
- Target basic rent:
- 25.200,00 EUR p. a.
- Target rent:
- 25.200,00 EUR p. a.
- Yield factor:
- 14,03-times
Equipment:
- Tiled floor
- Laminate
- Central heating
- Firing with gas
- Garage parking space
- basement, cellar
Energy performance certificate:
No information on the energy performance certificate is currently given for this property, since this is either not required or will be submitted later on request.
Important documents:
Location
The town of Werdau, with its approximately 21,007 inhabitants, is located on the Pleiße, on the edge of the Western Ore Mountains, in the west of the Ore Mountains basin and east of the Werdauer-Greizer Wald nature reserve. Due to its favorable location in the triangle formed by the A4, A9 and A72 federal highways, industrial centers and central German metropolises can be reached quickly. The nearest larger town is Zwickau (8 km as the crow flies), the nearest major cities are Gera (26 km) and Chemnitz (39 km). Since the beginning of the 20th century, the town has been home to the textile industry, mechanical engineering and precision measurement technology, as well as vehicle construction. Economically, Werdau benefits today in particular from its proximity to Zwickau with the VW plant located there. The large district town has a high school, a vocational school center for business, health & technology with a vocational high school, as well as secondary schools and elementary schools.
Description
Take advantage of the opportunity! This renovated monument with a charming brick facade is for sale for EUR 583 per square meter. The beautiful location in the Leubnitzer Waldsiedlung, a green district of Werdau near Zwickau, appeals to future tenants. A slightly busy square with a bakery and hairdresser make the location attractive. TECHNICAL: The building with a basement, built in 1895, with approx. 410 square meters of residential and commercial space, was lovingly renovated in 1998. All media, the facade, the roof, the windows and the apartments were renovated. The house is heated by a new gas boiler (built in 2023). The building with a total of 5 units is divided into approx. 105 sqm of commercial space on the ground floor (currently rented as an apartment) and approx. 305 sqm of living space with four residential units on the 1st floor, 2nd floor and attic. One apartment was handed over by the tenants unrenovated and requires modernization. The attic apartments and the apartment on the 2nd floor were modernized around 2020. The furnishings are contemporary with mostly new doors and modern laminate flooring. There are also two outdoor parking spaces in the courtyard (currently not rented). Yield: Currently, 4 of 5 apartments are rented. The current net rental income is EUR 17,040 per year. An apartment on the 1st floor is available and can be rented in its current condition (after renovation) for approx. EUR 6.00/sqm, plus two parking spaces for EUR 25 per month (expected rental income approx. EUR 25,200 per year). Overall, the property presents itself as a residential complex with considerable potential for increasing value after appropriate modernization of the apartment on the first floor and the staircase. Purchasing a listed property can also significantly reduce your personal tax burden. Please feel free to use our 3D tour. Citymakler Dresden markets this property exclusively for the owner! You can see the complete online exposé at www.citymakler-dresden.de/21776.
Equipment
- Renovation
- 2020 Interior finishing attic
- 1998-2020 Bathrooms simple
- 1998 Thermal insulation, heating, gas, water, sewage, electricity, windows and roof
- Gas boiler new in 2023
- Furnishing
- Flat roof, slate covering
- Wooden and plastic windows with insulating glazing
- predominantly laminate flooring
- mostly new doors
- Washing machine room
- Basement rooms
Apartment 2 OG_Hallway
Apartment 2nd floor_bathroom renovated
Living room 2nd floor_room renovated
Stairwell
Window view
basement, cellar
aerial photo 2
The information given in the exposé is based on the data transmitted to us by the client or property owner. No guarantee can be given for the correctness and completeness.
