Overall Floor Area: 1061 Sq. Metres (11,416 Sq. Feet)

This property comes with a yield of 9.3 % as it stands now from only the the business premises on the ground floor.

The property is protected art nouveau residential and commercial premises in the best business district of Dresden-Neustadt.

On the ground floor is a baker's, a butcher shop and a travel agency which pay an annual rent of €55,000.

The upper floors contain 10 apartments which are currently vacant and must be renovated. It has been estimated that all renovations will cost will cost approx. €600,000. (planning exists)

After the refurbishment another €50.000 p.a. rental income is possible.

All renovation costs can be 100% depreciated within 12 years from the income tax in germany.