• Facebook
  • Twitter

Call us free: 0800 9558004

gp52 - German Investment Mansion With 6 Apartments Germany Bargain Property

Netzschkau, Netzschkau, ‎08491, Sachsen, Vogtlandkreis district, Germany
£ 35,000
  • Beds: 12
  • Total viewing: 1499
Large mansion house on quiet respectable road in busy location next to the town of Reichenbach, Vogtland in Germany. Ready to sell to the right interested buyer, this property consists of 6 good sized apartments, accessed via a large gothic style corner entrance.
Request more Details
Please insert the symbols from the Image to field below.
About property
One of the apartments is renovated, so the owner can live in this whilst doing the others, the property has a generously sized staircase, this is a very grand property.

Expect to earn around 400 Euros per apartment when each has been revitalised, thats 2400 Euros per month / 28,800 per year / 288,000 Euros in 10 years, thats a massive ROI!

Rental prices are Buoyant in the area so expect 400 Euros from each apartment each month, that comes out at 2400 Euros per month, try beating that return on a UK investment property (Or in fact anywhere in Europe)! Your town has a population of around 4000, the town is 22KM from the city of Plauen, and 22KM from Zwickau. Other properties in the street have been renovated, only one is currently under renovation, almost complete. All homes in the street are occupied apart from the one under renovation, and a commercial property that has just been renovated across the street. Just across the road you will find a bakers and Coffee shop, you are 2 mins into the centre of the town, a garage is nearby for fuel too.
The mansion has a mix of gas central heating and solid fuel heaters.
The internal useable internal space is 330SQM.
The roof is good, the property needs refurbishment but is in a good solid condition.
The property is freehold and ready to go, all enquiries welcome.
Please insert the symbols from the Image to field below.
Related properties
Properties in same Property type
SL67, XXL 6 apartment mansion Germany
for sale £ 35,000
Wilhelmshall 5, Huy, Huy-Neinstedt, 38836, Sachsen-Anhalt, Saxony Anhalt, Germany
SL66, Over 1 Acre of land Neukirchen Saxony-Anhalt Germany
for sale £ 13,000
Neukirchener Str. 81, 39615 Wendemark, Germany, Stendal, 39615, Sachsen-Anhalt, Wendemark, Germany
SL71, Large hotel in Malaga Spain for sale
for sale € 3,000,000
Pasaje del Monte de Sancha, 29016, Malaga, Costa del Sol, Spain
SL72, Large Finca in Malaga with over 10,000SQM Land
for sale € 600,000
La Indiana, Málaga, 29393, Malaga, Andalucía, Spain