German properties | Properties Germany | Property Investment

The property was built in 1901 and was fully refurbished to modern day standards in 1999. It is a beautiful end of terrace, corner house that is located in a green area. The property has an overall area of 574 m² and it comprises of 5 stories with 10 units, all fully tenanted. The property is achieving an outstanding yearly rental income of 10,08%.

The apartments are equipped with laminated/textile flooring, double glazed windows and tiled bathrooms. 8 out of 10 apartments have balconies. To the back of the property is a lovely garden which is used by the tenants of the building for BBQ, relaxing and children playing.

The building is located in a quiet side road, only 5 minutes drive away from the heart of the city. It is situated in Halle-Mitte and offers amenities of all kinds within a short walking distance. Public transport with access to the city centre of Halle is located within walking distance of 2 minutes.

Buying this property can be extremely lucrative as it is a bank repossession. Generally these type of buildings are sold at a price that is far below their actual market value and therefore offers a unique chance to buy good value properties.

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Daft Property Shortcode:
www.daft.ie/7814936