News  
   
   
   
   
   
   
   
   
   
 
 
 
 
 

Investment & Lifestyle Properties For You
More Information
Back to Results
Repossessed Commercial Property Valued at €853,000 - Can be bought for €560,000. Giving 5.9% Yield only 40% Rented

<< Previous

Next >>


Price : €560,000

Region : Saxony

Description :

Overall Floor Area: 2396 Sq. Metres (25,781 Sq. Feet)

The offer encloses a complex of office - and social building built in 1960.
Repossessed by a bank, so they have not been active in looking for new tenants.
However, at the moment approx.40% of the surfaces are rented.
The rent is currently 32.900 € p.a.
Recently some new tenants have been signed up, for approx. 300 m ² new contracts have been closed.
Within a few months the yield will clearly reach more than 10%.
The property is located in the outskirts of Dresden in a small industrial area.
The main tenant there is a sports studio.
There is plenty of parking space on the property.
The plot size is 4.594 m².
A valuation report ordered by the bank values this property at € 853.000.
Contact Details:
Email: Reply to this ad by email
Phone: Within Ireland Tel: 1890 94 64 84
  From Outside Ireland Tel: 00353 53 93 66 056
Contact Name: Kieran Holloway