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Primarily Apartments property in Leipzig, approx. 57sqm
Potential yield of 10% can be expected, current yield 10%
Guide price: 29000
This property presents multiple investment opportunities with individual apartments ranging from 52 sqm to 70 sqm generating yields of 9/10%. Originally built in 1900, the apartments were most recently refurbished in 2000. With parquet flooring throughout, a new building facade, and comprehensive replacement of central heating / electrics / windows, the building is in excellent condition to attract new tenants.
This property is in Neustadt-Neuschönefeld, an area approximately 1.5km north-east of Leipzig city centre. It is located a few hundred metres away from tramlines which provide frequent transport to the train station as well as the commercial and employment areas to the north and the east of the centre.
All apartments will be tenanted at the time of purchase. Rents for tenants currently occupying apartments are approximately at market level, but are expected to raise in line with inflation over the period of investment.
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