Apartment Block in Pulsnitz Saxony
Robert-Koch-Strasse

APARTMENT HOUSE WITH COMMERCIAL IN SAXONY

We have available an attractive property with a town centre location in Pulsnitz, Saxony. The property comprises of a tenanted, ground floor commercial which has traded as a travel agent for the last eight years. The first floor is a further commercial (office) which is currently empty, however, would readily convert into two studio apartments. On the second and third floors are two further apartments both tenanted.

The total commercial floor area is 154m2 and residential 150m2 giving a total floor area of 304m2. This modern property was built in 1994 on a plot size of 160m2.

The current net annual rental income is 13,980 euros, however, fully tenanted the property could produce an income of 19,380 euros. The current yield, therefore, is an excellent 9.3% with a potential for 12.9%. The currently empty first floor could be let in the existing format as an office or converted into either two studios or one large apartment. The property is in excellent condition throughout.

Pulsnitz is a typical, pretty market town in Saxony with a population of 8,000. The town is situated 11km south-west of Kamenz and 24km north-east of Dresden. Pulsnitz is approx 200km south of Berlin – a drive of approx two hours. Pulsnitz is historically famous for its cakes and is informally known in Germany as ‘Gingerbread Town’!!

This modern property with a prime, town centre location is available at only 493 euros per m2 !! This is real bargain.....

The purchase price excludes commission of 7.14% including tax.