PR24130, Residential and Commercial, Leipzig, Saxony, Germany

€370,000

This residential terraced house was built in 1910 and fully refurbished in 2001. The building comprises of 7 residential units and 1 commercials. It is fully tenanted. The property is returning an amazing solid 8,16% yield per annual.
All living/bedrooms have laminated flooring. The bathrooms and kitchens are equipped with tiled flooring. Bath tubs, windows and showers are also equipped.
This renovated building is located in the district Sellerhausen, a popular residential location just west of Leipzig city centre. The city centre can be reached within minutes by the excellent infrastructure and the good transport links. Public transportation is available in many options. Shops of all kinds, children's garden, sports fields, schools, clinics, hospitals, pubs, restaurants and shopping centre are located nearby. Leipzig is located in eastern part of Germany with a population of appr. 519,000, the largest city in the federal state of Saxony, Germany and in the new states of Germany. 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. After 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 livable 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.
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