Thursday, January 20, 2011

German properties | Properties Germany | Property Investment

PR24208 apartment block, Leipzig, Sachsen / Saxony, Germany

Features:
  • LPS building
  • 440 apartments
  • Leipzig city
This LPS building dates back to 1984. The property has not received and restoration. It comprises of 440 residential apartments. Currently, hundred apartments are vacant.

The building are equipped with 400 balconies and elevators, parking spaces are available enormously in nearby the property.

Leipzig is one of the largest city in the federal state of Saxony, Germany and in the new states of Germany with a population of appr. 519,000. In the 17th century, Leipzig was one of the major European city-centres of learning and culture in fields such as music, astronomy and optics. After World War II, Leipzig became a major urban centre within the Communist German Democratic Republic.

Leipzig later played a significant role in the fall of communism in Eastern Germany, through events taken place in and around St. Nikolai Church. Since the Reunification of Germany, Leipzig has undergone significant change with the restoration of historical buildings and the development of a modern transport infrastructure. In 2006, Leipzig hosted key games in the World Cup.

In 2010, Leipzig was ranked 68th in the world as a liveable city, by consulting firm Mercer in their quality of life survey, scoring just below Atlanta, Georgia. In 2009, Leipzig was ranked 35th in the world out of 256 cities for cultural, economic and social innovation

The current actual yield is 18,3% p.a. and there is a potential of growing higher up to 24% p.a.

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Daft Property Shortcode:
www.daft.ie/7827611

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