PR24068, Apartment Complex, Leipzig, Saxony, Germany

€3,150,000

This high quality apartment complex was fully refurbished in 1996 by an experienced and known developer of conventional brick construction in the region. The refurbishment itself has an excellent construction quality. The building also has an underground car parking with 18 parking lots and 32 duplex parking spaces. The surroundings of the complex was intensively planned with seating areas for local residents and play facilities for children. The property is near to fully tenanted. Three out of 50 units are currently in the process of re-letting. The apartment sizes range from 40m² - 80m² and thus are suitable for a broad mix of tenants.
The apartment complex consists of three houses. Each of the three houses has four storeys and an fully extended attic and a lift. All ground floor apartments have a terrace with garden. The other apartments on the upper floors have balconies. Most tenants are long-term tenants and have been living in the building since the refurbishment in 1996.
The apartment complex is situated to the west of the Leipzig city centre. The district is located about 7 minutes drive from Leipzig centre. The well developed infrastructure (3 tram lines and 2 bus lines) allow all tenants and citizens of this area to communte into the city centre as well as all surrounding areas. Schools, grocery shops, clinics, pharmacies, restaurants and bars are to be found in the vicinity of the property.
Please note that the actual rent per m² is below market average. Therefore this quality low maintenance building offers a substantial potential for future increase in rent. For further information, please contact properties24 any time. Alternatively you can register free on our website www.properties24.org to receive regular email updates on new properties as well as latest price updates.

 

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