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This superb apartment building is made up of 7 seperate apartments. Two on each level w... [ SOLD ]
Region: Brandenburg
Price:
EUR € 350 000
Bedrooms:
0
Property
Type: Apartment
Development
State:
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Description:
This superb apartment building is made up of 7 seperate apartments. Two on each level with the ground floor made up as one apartment and the other being rented out as a lawyers office.
TOTAL LIVING AREA = 551 M2 TOTAL LAND 596 M2.
ALL UNITS ARE FULLY LET PRODUCING 30,500 EUROS FOR THE YEAR
THAT’S A SUPERB 8.71% NET RETURN P/A.
SCOPE TO REVIEW RENTS IN THE NEAR FUTURE, WITH POSSIBLE INCREASES DUE.
PURCHASE PRICE 350,000 EUROS.
MORTGAGES AVAILABLE MIN 50% LTV GERMANYS LARGEST BANK.
WHY WITTENBERGE?
Within a 2½ hour driving radius of Wittenberge there is a population of 14 million people. The new A14 motorway will increase this population quite considerably.
Transports links – 50 minutes from Berlin (east) and 67 minutes from Hamburg (west) on high speed train. Also to mention Magdeburg (south) crossing Wittenberge to reach Schwerin (north)
Commuting location – Monthly transferable ticket 167 euros to Berlin.
New motorway link from Magdeburg t |
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