Condominium maisonette 5 bedrooms, large eat-in kitchen and 2 bathrooms

The property is located in Gablenz, Chemnitz. The apartment is currently undergoing finishing touches, but is largely complete and can be viewed. The remaining work consists of minor cosmetic improvements, clearing the space, and cleaning the apartment. The apartment is currently unoccupied. The apartment is being created by combining two separate units (WE05 and WE07). The apartment has an older and a newer section. The older section (approximately 1/3) has been renovated. The newer sections (approximately 2/3) have been completely redesigned. You are welcome to view this during a visit. The apartment is an excellent investment property, as there haven't been similar apartments of this size and type available on the Chemnitz market for several years (excluding properties in the Sonnenberg area). It is also suitable for personal use, for example, by larger families or families who work from home. A change of use to a vacation apartment/short-term rental property is also likely to be feasible. The apartment has four generously sized bedrooms and a smaller bedroom (office). It also features a very spacious living kitchen with over 30 square meters. The apartment features a completely new shower room (with a walk-in shower enclosure) including all sanitary fixtures, drywall construction, etc. (upon completion), and an older bathroom with a bathtub. Please note: This older bathroom could still be renovated, but due to the costs, it was not a priority. However, we can gladly connect you with contractors. The shower room is equipped with underfloor heating and radiators. A towel radiator has been installed in the hallway to create more space for larger families in the bathroom. With two bathrooms, the connection for the washing machine can be used flexibly (available twice). The upper (older) bathroom has an exhaust ventilation system, and the lower (new) bathroom has a large window. Due to the size and location of the apartment, as well as its amenities, a net cold rent of approximately €850–975 can be achieved. This results in a gross rental yield of between 5.37% and 6.16%. It should not be difficult to rent out this apartment after the renovation. In all rooms except for three, the flooring has been renewed, and high-quality PVC flooring and tiles have been installed. We can also connect you with the contractor who installed the flooring, if desired. Replacing the tiles in the upstairs bathroom only makes sense if you're completely renovating the entire bathroom – which would cost between €3,000 and €4,000, excluding porcelain. All the interior doors have been replaced. In the new section of the apartment (05), all the radiators have been replaced. In the older section of the apartment (07), all the radiators have been serviced. The heating system distribution units have also been serviced. New light switches and sockets have been installed in both units to create a uniform look. Due to the sloped ceilings, the apartment feels much more spacious than the stated approximately 129.76 square meters. The overall feel of the apartment is closer to that of a 150-160 square meter apartment. The price of the apartment refers to the apartment(s) itself, not the square meters, as the apartment(s) have not yet been officially re-measured after the renovation (although this has been commissioned). Please consider this advertisement primarily as an image advertisement. The building has a garden, which is currently undeveloped (lawn). This spacious area can be used to great effect. By purchasing the units, you acquire 348.46 shares out of 1,000.

Chemnitz-Gablenz
The district of Gablenz is located in the south-east of Chemnitz and is one of the city's most popular residential areas. With around 15,200 inhabitants and an area of 3.6 km², Gablenz offers a successful mix of urban life and plenty of greenery.

Central location and excellent transport links
Gablenz is conveniently located: streetcar line 5 and several bus lines (including 43, 62, 72, 82A/82B, N13) provide quick connections to the city center and other parts of the city. The recently modernized, barrier-free streetcar line further increases convenience for all residents.

Green oases and leisure facilities
There are numerous green spaces and gardens between the housing estates, which make Gablenz particularly family-friendly and liveable. The nearby recreational area around the Adelsberg tower is ideal for walking, hiking and cycling.

Diverse infrastructure
In the Gablenz-Center, the district's modern shopping center, all everyday necessities are within easy reach: supermarkets, drugstores, clothing stores, booksellers, restaurants, pharmacies, hairdressers, post office and bank branches are located directly on site. Several daycare centers, schools and medical facilities ensure comprehensive care and services in the district.

Architecture and quality of living
Gablenz offers a varied mix of housing - from renovated prefabricated housing estates to listed residential complexes such as the Gartenstadt Gablenzsiedlung and modern new builds. Gartenstadt Gablenzsiedlung has won several awards and stands for particularly high residential quality.

Special features
Sights include the neo-Gothic St. Andrew's Church. The quiet, green surroundings and good infrastructure make Gablenz an attractive address for singles, couples and families alike.

Conclusion
Gablenz stands for urban living in green surroundings with the best infrastructure and excellent connections - ideal for anyone who wants to live close to the city center yet in a quiet area.

Standard land value/market value
According to the standard land value, the Gablenz district is in the top fifth of Chemnitz's urban areas.