Monday, November 22, 2010

German properties | Properties Germany | Property Investment

Features:
  • Current yield of 11,99%
  • Renovated in 1998
  • 13.9% yield is achievable when its fully tenanted
This apartment block was built in 1900 and fully refurbished in the end of 1998. It comprises of 8 residential units and 1 commercial unit in the ground-floor.

Insulated windows have been installed upon refurbishment for noise reduction. The building is also equipped with ventilation system. Laminated/textile flooring has been installed in bedrooms and living rooms. Tiles have been equipped in bathrooms and kitchens. A green garden is available for communal use in the rear side of the property.

The property is located in the Nordvorstadt district of Zwickau. The district is well know to the people of Zwickau. A ten minutes walk should bring you into the heart of the city centre. Shopping centres, schools, clinics, pharmacies, bar, club, restaurants etc. this can be found in the centre of Zwickau. Public transport is available in many option. A tram stop is located 100m from the property. Also very good traffic connections to the motorway.

Zwickau is the 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).

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Daft Property Shortcode:
www.daft.ie/7818993

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