German properties | Properties Germany | Property Investment

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German properties | Properties Germany | Property Investment

Features:

• 16% yield as it is!!!
• Almost fully tenanted!
• Achievable yield can reach up to 20%!!
• Fully refurbished in 1995

This property was built in 1920 and fully refurbished not long ago in 1995. The building comprises of 7 units. 1 of which is commercial and the rest is all residential. The property has a rentable area of 353,50m². Currently, one unit is the process if re-letting.

This almost fully tenanted building is achieving as it is an amazing 16,67% p.a. and has the potential of achieving up to 20% yield p.a.

The property is located in Zwickau. It is situated to north of Zwickau within the city centre ring. An access is available to shops, bars, schools, restaurants, clinics etc.

Zwickau is located in Germany, former seat of the government from south-western region at Free State of Saxony, belongs to an industrial and economical core region. Nowadays it is the capital city of country district Zwickau.

The city is situated in a valley at the foot of Erzgebirge and also part of the so called Saxon triangle metropolitan area, a network of economical relations with Leipzig-Halle, Dresden. The city counts slightly below 100,000 inhabitants, has a regional catchment for over 480,000 people.

The city can be easily accessed by car through the nearby Autobahns A4 and A72. Along with a railway main station (Zwickau-Hbf) the city is also reachable by a public airfield with small aircraft.
Zwickau, also known as city of Automobiles and Robert Schumann, is the cradle of Saxon automotive industry with an over one hundred years old tradition. The city has a long and glorious history in automotive development and in automobile industry along with Auto Union. Well known over Germanys border are trademarks as Horch, Audi, Sachsenring and Volkswagen. The " Westsächsische Hochschule Zwickau" - University of Applied Siences - has therefore always been an important centre of automotive evolution.

The German ADAC City Guide recently wrote: The town of Zwickau has transformed itself over the years from a traditional mining town into an elegant Art-Nouveau town, which is well worth discovering.

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Daft Property Shortcode:
www.daft.ie/7816400

German properties | Properties Germany | Property Investment

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Features:

• Recently renovated.
• Close to Leipzig city centre.
• Contact --properties24-- for further information.
• Fully tenanted with long-term tenants
• Portfolio of 2 residential/ commercial blocks in Leipzig centre

This is a portfolio of 2 residential/ commercial blocks in Leipzig. There is one commercial unit and the rest are all residential units in both of the blocks.

These buildings can not be bought separately. The total units amount to 31. All units are tenanted with an amazing yield of 8.2% p.a. The two buildings have been renovated around the time period from 1996 to 1998

both buildings are located close to Leipzig centre with an approximate of 10-14 minutes driving distance. Shopping centres, clinics, schools, bars, restaurants and the University of Leipzig are part of Leipzig city centre.

Living/bedrooms all have laminated/textile flooring. Double glazed windows and tiled bathrooms and kitchens, are equipped in all apartments.

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Daft Property Shortcode:
www.daft.ie/7814987

German properties | Properties Germany | Property Investment

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Features:

• Contact --properties24-- for further information.
• Recently renovated.
• Long-term tenants
• Portfolio of 6 apartment blocks in Leipzig Centre

This is a portfolio of 6 apartment blocks in Leipzig. One of these buildings has commercial units and the rest are all residential blocks. These buildings can not be bought separately. The total units amount to 72. Currently, 9 of these units are in the process of re-letting. All the buildings have been renovated around the time period from 1994 to 1996.

All of the 6 buildings are located close to Leipzig centre with an approximate of 10-14 minutes distance. Shopping centres, clinics, schools, bars, restaurants and the University of Leipzig are part of Leipzig city centre.

Living/bedrooms in all apartments have laminated/textile flooring. Double glazed windows and tiled bathrooms and kitchens are equipped.

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Daft Property Shortcode:
www.daft.ie/7814986

German properties | Properties Germany | Property Investment

Features:

• Close to 13% yield
• Fully tenanted since years
• Allocated car parking spaces
• Long-term lease

This high yielding commercial property was built in 1970 and fully refurbished in 1997 to a very high standard. The property is let to one anchor tenant. The tenant, a Date Processing Center, is well known in the field of data processing.

This property has 1 commercial unit with 40 parking spaces. Elevators/escalators are equipped. Security systems, electric doors and heating/cooling system have been installed upon refurbishment.

This property is located in Halle, a large city in the county of Saxony-Anhalt.

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Daft Property Shortcode:
www.daft.ie/7814973

German properties | Properties Germany | Property Investment

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Features:

• ACTUAL NET YIELD OF CLOSE TO 13%
• Fully tenanted since years
• Fully managed
• Long standing tenants
• Must be viewed

The building was erected in 1900 and fully refurbished in 1993. It  comprises of 6 apartments and 5 parking slots. All apartments are  tenanted and have been tenanted since the refurbishment.

All apartment have been renovated to very high standards. Living- rooms and bedrooms are equipped with laminated/textile flooring.  Kitchens and bathrooms are tiled. Double glazed windows are  equipped and Venetians (blinds) are installed upon refurbishment.

The property is located in the city centre of Burgstädt. Schools, clinics, bar, restaurants, grocery shops and shopping centres etc. are a part of the city centre. Public transport is available in  many , options such as buses, trains and Citybahn etc.

The city of Burgstädt is situated 12 km northwest of Chemnitz. It  has a population of 12.000 inhabitants.

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German properties | Properties Germany | Property Investment

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Features:

• Modern medical centre
• New development
• Must be viewed
• Fully tenanted
• One of it´s kind

In 1898, the plans of this building were designed by the famous architect Arno Eger with massive construction and the typical historicist style of the late 19th century. In 2008 this building was extensively refurbished to the best of the HIGHEST modern day standards (please see pictures).

This building has a wonderful ornate facade, and a representative style and appearance. The building inevitably attracts the attention of by-passers. The entire ornamentation, including the cornices was professionally done in accordance to the requirements of listed buildings standards to achieve and restore its original form and beauty.

The building is of historical significance to the local population, because of ite TM 100 years history of being a generation managed paper manufacturing school (Papiermacherfachschule).

After the completion of the successful reconstruction on this building, it is now able to offer rooms with a high level interior, which differs clearly from other buildings. The equipment of the clinics/practices and offices is considered to be above average compared to local standards. The back of building adjacent to a large grassed inner square.

Optics:
- Large-scale porcelain surfaces in the optics off-white
- High-quality ceramic with a glossy white vanity in the bathroom
- Granite window sills
- Door handles, door stops and window handles are in stainless steel
- Integrated door mats already in the tiling
- Wheelchair access on the back of the building

Engineering and Construction:
- Heat and sound insulated floor structures with floor heating/cooling system in all rooms
- Windows with sound and heat insulation glazing
- Electrical wiring: including pre-fitting of all central offices for network, Telephone cables and intercom with electric door opener
- Sound-absorbing, ceilings in all offices with pre-installed anti-glare mirror Louvre luminaires suitable for workstations.
- Smoke detectors in all practices and offices

This property is located in a flourishing city very close to Leipzig. The historic centre of the city is located less than fifteen minutes away on foot. For all locals and users of this building and the facilities, a bus station is available only 200m from the property. Market square, shopping centres, post office, pharmacy, bank, schools and restaurants are to be found nearby.

The building is the biggest and most modern medical centre in the region.

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Daft Property Shortcode:
www.daft.ie/7814972

German properties | Properties Germany | Property Investment

Features:

• Small hotel in best condition
• Fantastic view over the world famous Elbe valley
• Fully managed
• Long-term lease

This lovely well known hotel is located in close proximity to Meissen right on the river Elbe and a mindblowing view over the world famous Elbe valley. It was fully refurbished and modernized in 2003 to very high standard and therefore is in an excellent condition inside and out.

It hotel was built on a plot of land of 480m² and comprises of 25 rooms on a total area of 1,548m². The hotel has a great view over the Elbe River which is only a few metres away.

The large beer garden just outside the property has direct access to the Elbe river where historical steam boots bring tourist to and from the city of Meissen.

The hotel has 25 fully equipped single and double rooms. There is also a large restaurant where all meals throughout the day are served. Parking facilities are available to all customers right next to the hotel.

Meissen is situated on the steep slopes of the Elbe valley lays the smallest vineyard in Germany where the grapevine ripens, which is used for producing the distinctive Meissen wine.

The wine growing area in Meissen is one of the youngest ones in Europe. Good conditions for the growing of grapes are the weathering soils round the Elbe which base on different kinds of granite. The climate is mild and steady.

Meissen is located 25km from the capital city (Dresden) of the state Saxony which is approx. 10-15 minutes drive away.

This wonderful hotel is achieving an amazing yield of 10%. The operator has been successfully running the hotel since many years and is ready to enter a new long-term lease with the new owner of this fantastic property.

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Daft Property Shortcode:
www.daft.ie/7814971

German properties | Properties Germany | Property Investment

This apartment block comprises of 5 fully tenanted apartments. The house has a rentable area of 273m² in total and plot of land with 660m².

The property is located on the western outskirts of Leipzig.

The city centre of Leipzig can be easily reached by tram. In the vicinity of the property Leipzig teh riparian forest ez Auenwaldeoecan be found. The Leipzig " Auenwald" forest is one of the largest intact lowland forest in the heart of Central Europe.

Public transport and shopping facilities are close to the property and of course, amenities of daily needs and schools too.

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Daft Property Shortcode:
www.daft.ie/7814969

German properties | Properties Germany | Property Investment

Features:

• 15 apartments in total, all fully tenanted
• High yielding property

This residential and commercial building was built in 1907 and fully refurbished in 2000 including. The refurbishment included new electrics, water pips, heating system, facade, roof and staircase. The property comprises of 15 units on 4 floors.
The property is fully let and is returning a yield of close to 10%.

This block is located in very close proximity to the city centre. It is approx. 6 minutes drive to reach the main railway station. Shopping centre, clinics, schools and restaurants can be found in the surrounding area of the property. Public transportation is available in many options right outside the property.

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Daft Property Shortcode:
www.daft.ie/7814965

German properties | Properties Germany | Property Investment

Features:

• 10% return
• Quiet side road
• Fully managed
• Fully tenanted

This property was built in 1920 and fully refurbished in 1996. The building comprises of 8 apartments on an area of 474,98m², fully tenanted.

The property is presently returning close to 10% p.a.

All apartments have tiled bathrooms. Kitchens and bathrooms are tiled, all other rooms are equipped with laminated/textile flooring.

The building is located in a town close to the city Gera, which is part of Thuringia county.
Public transportation is available in many options. Shopping facilities and utilities, schools, kindergartens are within walking distance.

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Daft Property Shortcode:
www.daft.ie/7814967

German properties | Properties Germany | Property Investment

Features:

• Bank repossession
• 96% let to long-term tenants
• High yielding property
• Great location

This residential apartment block was built in 1978 and fully refurbished in 2000. The building comprises of 24 apartments and 15 parking spaces. Currently, 1 apartment is in the process of re-letting.

The property is in a great condition and in no need of immediate attention.

The property is a bank repossession and can be purchased at a yield of 11%.

Please follow the link below to view a video of the property and surrounding area:

http://www.facebook.com/video/video.php?v=408486090682

Bathrooms are equipped with tiles, bedrooms and kitchens are equipped with tiles/textile and laminated flooring. Double glazed windows have been installed upon refurbishment.
All apartments have spacious balconies.

This property is located in a small town between Halle and Leipzig. The local infrastructure is well developed. The local train station offers rail links with direct access to major cities of Germany such as Leipzig, Halle and Berlin. The property is located in an recreational area with little to no pollution or noise. All tenants enjoy the closeness to nature.

Buying this property can be extremely lucrative as it is a bank repossession. Generally these type of buildings are sold at a price that is far below there actual market value and therefore offers a unique chance to buy good value properties.

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Daft Property Shortcode:
www.daft.ie/7814964

German properties | Properties Germany | Property Investment

Features:

• Allocated parking space included
• Best area of Leipzig
• Newly erected building

This one bedroom apartment is located on the ground floor of an apartment building newly erected in 1995. This property was constructed to the highest of standards including gardens to the rear and parking for the tenants. There is a long term tenant in place.

The apartment itself has a large terrace with direct access to the garden. There is a designated carport parking space at the back of the property.

The property is located in one of Leipzig' s most sought after areas called Markkleeberg. Markkleeberg is known for its recreational landscape including lakes and waterways.

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Daft Property Shortcode:
www.daft.ie/7814942

German properties | Properties Germany | Property Investment

This apartment block was built in the mid of the 19th century and renovated extensively in the mid 1990s.

The apartment block comprises 4 floors and a fully converted attic. The apartment block is fully cellared and thus offers its tenants lots of storage space.

All apartments have a modern room layout. The living rooms, bedrooms and hallways of the apartments were equipped with laminated/textile flooring. The tiled bathrooms have windows. The penthouse flats offers a balcony to the rear of the building.

A large garden is also available for the tenants to relax and perhaps enjoy a barbecue in the long warm summer evenings.

The property is located in a quiet side street. The architectural environment is characterized by stylish renovated apartment buildings and new buildings.

The Lene-Voigt-Park offer tenants a variety of opportunities for Leisure and recreation.
The local infrastructure offers an ideal transport connection to the Leipzig city centre. Stops/stations of public transport such as trams and buses are within walking distance. Shopping for everyday goods can be reached via walking.

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Daft Property Shortcode:
www.daft.ie/7814945

German properties | Properties Germany | Property Investment

This is a beautifully refurbished apartment building with eight newly renovated apartments in Leipzig, approx. 10 minutes drive from the city centre. This apartment block has been built in 1890, and was redeveloped in the mid 90s. The house consists of 9 apartments total.

All apartments have been equipped with textile or new laminate flooring. The bathrooms are tiled and equipped with a shower.

The property is located in close proximity to the Leipzig city centre. The architectural environment is dominated by apartment buildings.

The nearby parks offer the tenants a variety of opportunities for recreation and relaxation.

Public transport, both buses and tram stops are within walking distance from the property.

Shopping for everyday needs can be reached via walking.

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Daft Property Shortcode:
www.daft.ie/7814944

German properties | Properties Germany | Property Investment

Features:

• Newly build
• Fully tenanted
• Allocated car parking spaces

This leasehold 2-storey property comprises of 8 residential apartments in total. The basement is designed for two residential units with a bedroom, kitchen, bathroom and guest bathroom and the front mounted garden terraces. The ground floor and the converted attic have two two residential units each with 3 rooms, kitchen, bathroom, guest bathroom and balcony are available. Each unit has an allocated basement compartment and a car parking space.

The property is located in the district of Leipzig Mölkau. Public transport and shops for daily needs are available nearby. The local infrastructure is well developed and offers access to train, bus and tram lines.

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Daft Property Shortcode:
www.daft.ie/7814943

German properties | Properties Germany | Property Investment

The apartment is part of a well maintained apartment complex which was built at the end of 1998 to modern day standards. It comprises of 3 rooms, bathroom, kitchen and has a spacious terrace with direct access to the green backyard. The apartment is rented to an reliant and long-term tenant.

This beautiful, well-designed, three-bedroom apartment is equipped with a spacious terrace. In the rooms and the hallway laminated/textile flooring is installed, the bathroom is tiled. An allocated underground parking space is also one of the apartment features.

This apartment is located in the West of Leipzig. In the surrounding areas many parks, schools, shopping centres and grocery stores are to be found. Public transportation is available in many options such as buses and trams with direct traffic links into the city centre of Leipzig.

The rented apartment is part of a residential complex and is located in a clean and structurally sound condition. The complex benefits from a first-class management, as well as a pleasant tenant structure.

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 Daft Property Shortcode:
www.daft.ie/7814946

German properties | Properties Germany | Property Investment

This rented apartment, which includes an allocated underground parking space is located in a well maintained residential complex. The building consists of 2-3 storey houses with attractive facades. The area is characterized by a lot of green parks, backyard gardens and spacious balconies and terraces.

This beautiful, well-designed, three-bedroom apartment is equipped with a spacious terrace with direct access to the garden. In the bedrooms and the hallway laminated/textile flooring was installed. The bathroom is fully tiled. The building is also supplied with a laundry room, underground parking and a playground area.

The apartment is part of a beautiful new development in the district of Leipzig Bé¶hlitz-Ehrenberg, a very popular residential area. Here tenants enjoy living close to nature and in a quiet environment. The neighbourhood and surrounding areas are well kept and looked after by all residents. In the nearby area, there are many shops, cafes and restaurants. Public transportation is available and located very close to the property. The city centre can be reached within 10 minutes drive.

The complex benefits from a first-class management service, as well as a pleasant stable and long-term tenants.

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Daft Property Shortcode:
www.daft.ie/7814947

German properties | Properties Germany | Property Investment

Features:

• Allocated underground car parking
• One of the nicest areas of Leipzig

This modern apartment with a balcony is part of a well-maintained apartment building that is located in a highly sought after area of Leipzig Gohlis-South.

The apartment is being sold with an allocated underground car parking space. The interior of the apartment can be considered up market. In all rooms parquet flooring has been installed and the bathroom is fully tiled.

The apartment is located in a quiet and attractive urban area of Leipzig Gohlis-South. All the necessary things of daily use, can be obtained from the surrounding area. Restaurants, Schools, kindergartens, clinics and shopping centres are to be found in close vicinity of the property.

An optimal local infrastructure offers access to all kind of public transportation with direct access to the city centre.

The rented apartment is part of a residential complex and is located in a clean and structurally perfect condition. The complex benefits from a first-class management, as well as a pleasant tenants.

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Daft Property Shortcode:
www.daft.ie/7814949

German properties | Properties Germany | Property Investment

Features:

• Stable yield of close to 10%
• Surrounded by parks
• Sought after area of the city
• Beautifully restored building
• Fully let since years - long term tenants

Built in approx. 1860, this building was completely refurbished in 1997 to the highest of standards including the installation of a new energy efficient heating system and windows and solid wooden floors.

The property has been fully tenanted since many years. The tenants of the commercial units even have been in this building since the refurbishment in the late 90s.

The property is located on the western outskirts of Leipzig. The traditional house is situated in a sought after residential and commercial area of Böhlitz-Ehrenberg. The riparian forest, which is also called green lung of Leipzig, is to be found a few meters away from the property. The area has a school, a branch of art and music schools, 20 sports clubs, three football pitches, a gymnasium, bowling alley and a hockey stadium. The public transport network (tram and bus) can be reached on foot in two minutes. Restaurant and shops are also nearby.

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Daft Property Shortcode:
www.daft.ie/7814948

German properties | Properties Germany | Property Investment

Features:

• 4**** hotel
• City centre location
• Fully managed and operated
• Magnificent interior
• 10% yield on long-term lease

This 18th century 4**** hotel, is located in the heart of Meißen city centre and has been fully refurbished in 2006 to a very high standard. The hotel comprises of 31 single, double and king size rooms and has a total area of 1,851m². The plot of land it is built on has a size of 860m².

The meticulous furnishings and design evoke the Victorian times. The hotel features a very large restaurant.

The hotel itself is very known in Meißen and across Germany and attracts every year thousands of tourists to stay over and explore this lovely city.

Parking facilities are available to all hotel guests in the surrounding area. Shopping facilities and cultural venues such as theatres are located within a short walking distance.

This wonderful 4**** hotel is achieving an amazing yield of 10%.

Meißen is situated on the steep slopes of the Elbe valley lays the smallest vineyard in Germany where the grapevine ripens, which is used for producing the distinctive Meißen wine.

A recent survey report done by an independent surveyor values the property at ' 3,500,000.

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 Daft Property Shortcode:
www.daft.ie/7814958

German properties | Properties Germany | Property Investment

This property is located in the area of Gohlis-süd in Leipzig. Gohlis is a well know and sought after area for residential living and small to medium sized businesses. The property is located in very close proximity to the city centre of Leipzig. It was built in 1904 and fully refurbished in 1996 to modern day standards.

All apartments are equipped with laminated/textile flooring, double glazed windows and tiled kitchens and bathrooms. The building is also equipped with 6 parking spaces. Each apartment is assigned an individual cellar.

Leipzig' s centre can be reached in 7 minutes drive. Public transportation is available in many options and can bring locals into the city centre and anywhere else in no time.

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Daft Property Shortcode:
www.daft.ie/7814961

German properties | Properties Germany | Property Investment

The property was built in 1901 and was fully refurbished to modern day standards in 1999. It is a beautiful end of terrace, corner house that is located in a green area. The property has an overall area of 574 m² and it comprises of 5 stories with 10 units, all fully tenanted. The property is achieving an outstanding yearly rental income of 10,08%.

The apartments are equipped with laminated/textile flooring, double glazed windows and tiled bathrooms. 8 out of 10 apartments have balconies. To the back of the property is a lovely garden which is used by the tenants of the building for BBQ, relaxing and children playing.

The building is located in a quiet side road, only 5 minutes drive away from the heart of the city. It is situated in Halle-Mitte and offers amenities of all kinds within a short walking distance. Public transport with access to the city centre of Halle is located within walking distance of 2 minutes.

Buying this property can be extremely lucrative as it is a bank repossession. Generally these type of buildings are sold at a price that is far below their actual market value and therefore offers a unique chance to buy good value properties.

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Daft Property Shortcode:
www.daft.ie/7814936

German properties | Properties Germany | Property Investment

This beautiful property was built in 1900 and was fully refurbished to modern day standards in 1994. The building comprises of 3 stories with 12 units in total. 4 of the Units are currently in process of re-letting. The property has therefore a potential of an even higher rental income per a year.

The apartments are supplied with laminated/textile flooring, double glazed windows and tiled bathrooms. Most of the apartments are equipped with balconies.

The building is located in the major district town of Eilenburg. Eilenburg lies about 20 km to the north-east of the university and exhibition city of Leipzig and is thus located in the metropolitan area Halle-Leipzig. The local Infrastructure is classified as being very good and benefits from the closeness to the international airport, different motorways and rail links to all major German cities. Amenities of daily needs such as public transport, shops and schools are located in a close proximity of the property.

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Daft Property Shortcode:
www.daft.ie/7814938

German properties | Properties Germany | Property Investment

This beautiful property was built in 1900 and was fully refurbished to modern day standards in 1994. The building comprises of 3 stories with 12 units in total. 4 of the Units are currently in process of re-letting. The property has therefore a potential of an even higher rental income per a year.

The apartments are supplied with laminated/textile flooring, double glazed windows and tiled bathrooms. Most of the apartments are equipped with balconies.

The building is located in the major district town of Eilenburg. Eilenburg lies about 20 km to the north-east of the university and exhibition city of Leipzig and is thus located in the metropolitan area Halle-Leipzig. The local Infrastructure is classified as being very good and benefits from the closeness to the international airport, different motorways and rail links to all major German cities. Amenities of daily needs such as public transport, shops and schools are located in a close proximity of the property.

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Daft Property Shortcode:
www.daft.ie/7814938

German properties | Properties Germany | Property Investment

The property was built approximately in 1910 and completely renovated and rebuilt in 1995. The plot of land has a size of ca. 1940 m². There are several parking spaces available.

The building comprises of 10 residential units and three commercial units. The 10 residential units have a total size of about 659 m² living space, the area of the three commercial units amounts to about 303 m².

This residential and commercial building is located in a small city to the south of Leipzig.
The local infrastructure is well developed. All amenities of daily use are nearby, such as the supermarket across the street, doctors, schools etc.

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Daft Property Shortcode:
www.daft.ie/7814941

German properties | Properties Germany | Property Investment

This tenanted apartment is part of an newly built apartment complex located in a quiet residential area of Leipzig. The apartment comes with a balcony and an underground car parking space.
The balcony overlooks the lovely garden in the back of the property which is shared by all tenants of the building.

The hallway, bedroom, living room and kitchen are equipped with laminated/textile flooring. The bathroom is fully tiled. A large elevator has been installed for the comfort of all tenants.

The property is located only 10 mins away from the Leipzig city centre in a quiet and sought after residential area of Leipzig. The area itself benefits from its parks, recreational areas and closeness to local amenities such as shops, restaurants, doctors and public transportation.

The property benefits from a first class management service provided since many years by a known local management company.

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Daft Property Shortcode:
www.daft.ie/7814935

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Leipzig among New York Times “31 Places to Go in 2010″

In 2010, Leipzig, a small industrial city in the former East Germany with an illustrious past, will be marking the 325th anniversary of the birth of its former resident Johann Sebastian Bach and the 200th birthday of Robert Schumann with concerts, festivals and a reopened Bach Museum (www.bach-leipzig.de).

But the city’s cultural high note is likely to be the Neo Rauch retrospective opening in April at the Leipzig Museum of Fine Arts (www.mdbk.de), a show devoted to the father of the New Leipzig School of artists, a scene that for the past decade has been the toast of the contemporary art world. The art cognoscenti will also make their way to the Spinnerei (www.spinnerei.de), a former cotton mill that is home to 11 galleries, a cafe and a quirky new pension called the Meisterzimmer (www.meisterzimmer.de), with rooms starting at 50 euros, or $70 at $1.40 to the euro.

The city is also making a splash on the musical front. Moon Harbour Recordings and Kann Records, two indie labels producing innovative electronica from D.J.’s, are based here. Sevensol and Matthias Tanzmann will undoubtedly be lugging their laptops to Leipzig Pop Up (www.leipzig-popup.de), a trade fair and music festival taking place in May. Otherwise, gigs can be heard year-round in the city’s underbelly of abandoned factories and squats that look a lot like Berlin — maybe 10 years ago. — Gisela Williams

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Luxury Watchmaker

A. Lange & Soehne, the watchmaker established in 1845 in the village of Glashuette near the Czech border, was expropriated by the communists in 1945 and reestablished in December 1990 by Walter Lange, a direct descendant of the founder. Jerzy Schaper, Lange’s CEO, says watches made from gold and platinum -- which range in price from 13,000 euros to 390,000 euros -- are selling especially well in Asia. Georg Prince zur Lippe, another Saxon who returned after unification, bought back his aristocratic family’s manor house and vineyards in Meissen, Weingut Schloss Proschwitz, that had been seized by the communists. The wines are now served on Deutsche Lufthansa AG flights.

Despite its progress, the state did experience its own version of the financial crisis, when state-owned Landesbank Sachsen, now known as Sachsen Bank, became a casualty of the U.S. housing meltdown in 2007 and lost 641.6 million euros.

The Saxony Prime Minister at the time, Georg Milbradt, resigned in 2008 after the bank’s near failure, saying he wanted “to prevent further damage both to myself and to others.”

Far-Right

There are also concerns that aging and depopulation of rural areas could lead to worker shortages, and automobile thefts have skyrocketed. Dresden has also been the scene of the largest neo-Nazi marches in Germany since the 1960s. Eight members of the far-right National Democratic Party of Germany won seats in the 2009 election to the state’s 132-member assembly.

Despite these challenges, though, Saxony is a success story, especially when compared to where things stood in 1990. “The Saxons are really hardworking,” says Christian Schwinner- Strachwitz, 67, who returned to Saxony after reunification. “They never need a kick in the butt.”

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Demonstrations

With 4.2 million people, Saxony sits in an eastern nook of Germany, with the Czech Republic to the south and Poland to the east. Twenty years after reunification, about 6,000 companies have invested 27 billion euros ($37 billion) in the state, which is smaller than New Jersey.

East Germany’s anti-communist mass protests had their genesis in the Saxon city of Leipzig in 1989, paving the way for demonstrations that swept the hard-line state before it imploded that year. As a result, Saxon voters have not elected any former East German communist to power as part of any coalition government.

The local government has taken market-friendly steps that would be unthinkable in other parts of Germany. In 2006, for example, Dresden’s municipal government sold 48,000 apartments to U.S. buyout firm Fortress Investment Group LLC for 1.75 billion euros.

This was a year after Franz Muentefering, then leader of the Social Democratic Party, compared such investors to the biblical plague of locusts that descended on Egypt.

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Breakthrough

The other breakthrough investment, in 1995, was by German manufacturing giant Siemens AG, which was also drawn to Saxony’s pro-business climate and skilled workforce -- a legacy of the communist-era, Saxony-based computer-maker VEB Kombinat Robotron.

As with VW, Siemens opened the floodgates to other investments in the sector. In the late 1990s, Advanced Micro Devices Inc. began building computer chip factories in Dresden. The Dresden manufacturing campus, now owned by an AMD-Abu Dhabi joint venture called Globalfoundries Inc., is the largest chip- making center in Europe and one of the most advanced in the world.

“AMD was set to go to Ireland, and that investment was diverted to Saxony because of Prime Minister Biedenkopf and his team,” says Jens Drews, Globalfoundries’ director of government relations. “They were visionaries.”

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“The state’s political and business leaders boosted the self-confidence of the Saxon people and convinced them their fate was in their own hands,” says Joachim Ragnitz, managing director of the Ifo Institute for Economic Research in Dresden. “It was like nation-building, and it worked. They got people to believe that they really had to be best at whatever they were doing.”

The Saxon government threw its support behind Volkswagen AG, the first big West German company to make a major investment in the region. In 1990, the company decided to produce the VW Polo compact car in Zwickau and since then has built some 3 million cars and 8 million motors at factories in the state.

Saxony had three things going for it at the time: Volkswagen’s chief executive officer, Carl Hahn, was a Saxon native. It had carmaking experience, in spite of the Trabant. And VW got big subsidies, half from the federal government and half from the state. VW’s investment attracted parts suppliers and ultimately other automakers to the state.

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Unshackled Saxony Rises to Become East Germany's Brightest Star 

Two decades ago, Saxony was as beaten down as the rest of East Germany. In Dresden, its capital, fire- bombed Baroque palaces and museums had been partially rebuilt, but raw sewage still poured into the Elbe River. Telephones were rare. Young people longed to move West to escape shortages and censorship.

There was some manufacturing: Saxons made East Germany’s flimsy Trabant, but the sedan was so unloved, people joked that it doubled in value when filled with gasoline.

Today, Saxony is one of the brightest stars in the East. Saxons build BMW cars, Porsches, and Volkswagens, chips, and watches from A. Lange & Soehne that cost up to $500,000 apiece, reports Bloomberg Businessweek in its Oct. 4 issue. Gross domestic product has grown 11.2 percent since 2000, a higher rate than any of Germany’s other 15 federal states, according to data from the state’s Economy Ministry.

Saxony’s dramatic gains owe much to pro-business government policies that unleashed the famous Saxon work ethic, inventiveness, and attention to detail. “Our companies have been very good at carving out niches and customizing products,” says Saxon Economy Minister Sven Morlok.

Two key figures in the transformation were Kurt Biedenkopf, now 80, the Christian Democrat who served as premier from 1990 to 2002, and the late Kajo Schommer, who served as economy minister during the same formative period. Together they developed a “lighthouse principle” in which industries with high potential -- especially autos and microelectronics -- got most of the state aid.

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Features:

• Fully tenanted
• An amazing yield of 11.51 p.a.
• Newly built in 1992

This property is located in the town of Zwenkau (pop.9.000) which is part of a bigger city (Leipzig). It takes about 16 minutes to reach Leipzig City Centre. Built newly in 1992 and has been perfectly kept in a good condition. The building comprises of 8 units in total, 1 of which is commercial and the rest all residential. Fully tenanted with an amazing yield of 11,51% p.a.

Condition wise, the property is in no need of any immediate repairs. All apartments are equipped with Laminate/textile flooring, tiled bathrooms and kichtens, balconies. Parking facilities are avaialble for the tenants.

The city lies about 15 km south of Leipzig and 3 km northwest of the industrial site Böhlen / Lippendorf with its landmark, Lippendorf Power Station. A former open-cast mine extending from the northeast of Zwenkau to its northwest was set on September 30, 1999 and is currently being rehabilitated and converted to Lake Zwenkau. Leipzig city centre can be reached within less than 16 minutes. Public transport is available to all tenants in the vicinity of the property. Shops of all kinds, children' s garden, sports fields, schools, clinics, hospitals, pubs, restaurants and shopping centre are located nearby.

Zwenkau is the oldest city in the district of Saxony.

We would also be helpful in organising the finance for this building if required.

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Daft Property Shortcode:
www.daft.ie/7818605

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Features:

• High yielding property (11%+) for a low budget
• Quiet side road
• Fully managed

This high yielding property was built in 1910 and only recently fully refurbished. It comprises of 8 units in total. In the building, there are seven residential units and one commercial unit. An adjacent building is also available, which can be used for commercial purposes.

The fully extended roof top hosts a large and stylish maisonette apartment.

All apartments have been equipped with a new balcony upon refurbishment in the late 90s The house was extensively refurbished and equipped with new roofing, new windows and doors, new floors, a new facade, new gas-fired central heating and plumbing.

The property is located in a calm side street with an easy access to the city. Shopping centres ,a bakery, butchery, pharmacy, and bus stops are close by.

Daft Property Shortcode:
www.daft.ie/7818990