Obermarkt

Gorlitz, Saxony, Germany

Status	Available
Asking Price	62,100  EUR

 

About the Development

In the picturesque city of Goerlitz we have available a tenanted, one bedroom apartment offering an excellent yield of 7.2%.

State: Saxony
City: Goerlitz
Street: Obermarkt
Type: Apartment
Rooms: 2
Baths: 1
Size: 65 m²
Tenanted: yes
Yield: 7.2 %
Price: EUR 62,100

The property dates back to 1890 although subsequently modernised in 1998. The third floor apartment is in the front building of this attractive period house. The property has an entrance hall, tiled bathroom with tub, kitchen with dining area, bedroom and living room. The apartment has central heating.

The property will soon have a new tenant which will deliver an annual net income of 4494 Euros equivalent to a healthy yield of 7.2%.

Goerlitz is the eastern most city in Germany and sits on the border with Poland. The city is approx 100km east of Dresden and 280km south-west of Berlin (less than a three hour drive). Historically the one city existed across both riverbanks, however, now it is two cities, one in Germany (Goerlitz) and one in Poland (Zgorzelec)!

The town has a rich architectural heritage (Gothic, Renaissance, Baroque, Historicist, Art Nouveau), which was — in contrast to most other German cities — not destroyed during World War II. One example of this rich architectural heritage is the Schönhof, which is one of the oldest civil renaissance buildings in Germany. The city has a population exceeding 56,000 and is a popular tourist destination.

This attractive property is available a competitive price below 1,000 Euros per m².