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Bargain: 16 apartments, 910 sqm of living space, a panel building from 1989 in a picturesque location, renovated.
Gartenstr 7-8, 09306 Königshain-Wiederau – SachsenI am selling an entire building complex, along with some individual apartments, from my own portfolio, located at Gartenstrasse 7-8b in Königshain Wiederau. The building contains 16 apartments, of which 6 are currently vacant. Some of the vacant apartments have already been renovated in recent years, and the prospectus from the previous owner can be provided upon request. The building is professionally managed by the company Koschmieder from Limbach-Oberfrohna. The maintenance reserve currently amounts to 10 cents per square meter per month, and current service charge statements are available for serious inquiries. The apartments can be rented for between 4.50 and 6 euros per square meter. At a price of 653 euros per square meter, this results in a factor of approximately 10 times the annual net cold rent! With the purchase of the entire complex, 19 parking spaces are included. For the purchase of individual apartments, each parking space is priced at an additional 1500 euros. This package is ideal for resellers.
Are you interested in this offer?
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Object Number
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OM-332763
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Object Class
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Apartment building or investment property
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Object Type
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Residential complex
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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595.000 €
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Purchase additional costs
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approx. 40,324 €
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Total costs
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approx. 635,324 €
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Operating costs allocated p.a.
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14,052 €
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Non-allocatable operating costs p.a.
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3,800 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
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Estimated monthly rate: 2,277€
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Details
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Condition
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By agreement
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Year of last modernization
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2018
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Number of floors
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3
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Total area
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910 m²
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Price per parking space
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1500 €
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Number of parking lots
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19
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Net rental income (target) p.a.
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60600 €
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Net rental income (actual) p.a.
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21480 €
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X-times rental income
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10.00
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Number of units
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19
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Flooring
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Laminate, Carpet, Vinyl / PVC
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Heating
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Central heating
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Year of construction
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1989
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Equipment
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Balcony
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Infrastructure
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Public transport
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Information on equipment
Flooring: Tiles/Vinyl. The purchase price is negotiable, depending on the speed of the transaction. The property has no encumbrances registered in Land Registry Section III.
Location
Königshain Wiederau, Chemnitz/Leipzig area, near Burgstädt.
Individual sale of apartments is possible:
Gartenstraße 7
Gartenstraße 7, 09306 Königshain-Wiederau
No. Block Abbreviation Total Area Status Individual Price
1A Upper floor right 62.45 Vacant 51,521.25 €
2A Attic left 49.01 Vacant 40,433.25 €
5C 2nd floor right 80.37 Occupied 66,305.25 €
7C Attic right 45.71 Vacant 37,710.75 €
Gartenstraße 8
Gartenstraße 8, 09306 Königshain-Wiederau
No. Block Abbreviation Total Area Status Individual Price
1B Ground floor left 50.77 Occupied 41,885.25 €
2B Ground floor right 61.58 Occupied 50,803.50 €
3B 1st floor right 61.58 Occupied 50,803.50 €
4B 2nd floor left 50.77 Occupied 41,885.25 €
5B 2nd floor right 61.58 Vacant 50,803.50 €
6B 3rd floor left 50.77 Occupied 41,885.25 €
7B 3rd floor right 61.58 Occupied 50,803.50 €
8C Ground floor left 50.77 Occupied 41,885.25 €
9C 1st floor left 50.77 Occupied 41,885.25 €
10C 1st floor right 61.11 Occupied 50,415.75 €
11C 2nd floor left 50.77 Vacant 41,885.25 €
12C 2nd floor right 61.11 Occupied 50,415.75 €
In addition, 1 parking space per apartment at 1,750 € each.
Total square meters: 910.7, Total individual sale price: 751,327.50 €
Location Check
Energy
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Energy certificate type
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Demand certificate
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Main energy source
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Gas
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Final energy demand
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54.90 kWh/(m²a)
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Miscellaneous
Immobiliengesellschaft Sonnenschein mbH
represented by its managing director Thomas Fischer
Sonnenschein 8
48565 Steinfurt
HRB 3327 AG Steinfurt
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Offer from: Immobiliengesellschaft Sonnenschein mbH
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